AutoZone Sr. vice president sells $5.67 million in stock

AutoZone Inc. (NYSE:AZO) saw significant insider activity as Dennis W. LeRiche, the company’s Senior Vice President, executed a notable stock sale. According to a recent SEC filing, LeRiche sold 1,575 shares of common stock on March 7, 2025, at a price of $3,600 per share, totaling approximately $5.67 million. The transaction occurred with the stock trading near its 52-week high of $3,704, and InvestingPro data indicates the stock is currently in overbought territory.

On the same day, LeRiche also exercised stock options to acquire 1,575 shares at $587.13 each, amounting to a total value of $924,729. Following these transactions, LeRiche’s direct ownership stands at 416.8481 shares.

These transactions are part of routine insider movements and reflect the executive’s ongoing management of his stock portfolio within the company. AutoZone, based in Memphis, Tennessee, continues to be a key player in the retail-auto and home supply store sector.

In other recent news, AutoZone has been the focus of several analyst updates and performance reviews. Erste Group initiated coverage of AutoZone with a Buy rating, highlighting the company’s strong operating margin and international expansion as key factors for sustained profitability. UBS analyst Michael Lasser raised the price target for AutoZone to $4,025, maintaining a Buy rating, citing the company’s strategic growth initiatives and stable earnings algorithm. Similarly, TD Cowen increased its price target to $3,900, emphasizing improvements in AutoZone’s Do-It-For-Me segment and ongoing strategic investments.

Truist Securities also adjusted its outlook, raising the price target to $3,841 and reaffirming a Buy rating, attributing positive momentum to improved domestic sales trends and potential benefits from tariffs. Meanwhile, DA Davidson updated its price target to $3,500 with a Neutral rating, noting AutoZone’s resilience despite revenue challenges due to currency fluctuations. Analysts across the board have recognized AutoZone’s ability to navigate economic uncertainties, particularly through its pricing power in the face of tariffs and strategic positioning in the market.

These developments reflect a general confidence among analysts in AutoZone’s growth strategies and market positioning, despite varying price targets and ratings. The company’s focus on expanding its market share and leveraging its operational strengths continues to be a focal point for investors.

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