AMF Tjanstepension 13F: Adds $2.5M to AutoZone (AZO) Stake
Key Points
- AMF Tjanstepension raised its stake in AutoZone, Inc. by 4.4% during the period, ending with 21,028 shares valued at roughly $59.5 million.
- AutoZone trades with a trailing twelve-month revenue of $20.3 billion and a net profit margin of 12.7% as investors look ahead to its next earnings report.
- Wall Street analysts currently maintain a strong buy rating on AutoZone shares with a mean price target of $3,719.96.
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Institutional investor AMF Tjanstepension grew its AutoZone, Inc. (NYSE:AZO) holdings by 881 shares to reach a total of 21,028 shares in a filing on October 22, 2026. According to a Form 13F filing filed with the SEC, the fund's total position was valued at about $59.5 million on the date of filing.
AZO
AutoZone, Inc.
What Changed in AMF Tjanstepension's AutoZone Position
The fund expanded its holdings in the auto parts retailer by 4.37%, lifting its share count from 21,014? No, the data shows 20,147 shares before the change, bringing the new total to 21,028 shares. This adjustment reflects a modest addition to the firm's portfolio stake in AutoZone.
Other Institutional Activity in AutoZone
Other large funds adjusted their positions in the retailer around the same reporting cycle. California State Teachers Retirement System reduced its holdings by 741 shares, ending with 24,841 shares worth about $76.6 million. Royal Bank of Canada cut its stake by 14,483 shares, or 4.4%, leaving it with 310,982 shares valued at roughly $1.02 billion.
AutoZone, Inc. Stock Down 0.4%
AutoZone shares recently traded around $3,143.98 as of October 22, 2026, down about 3.9% from an event-day close of $3,272.93. The stock trades above its 50-day moving average while staying below its 200-day moving average.
Recent Earnings
AutoZone reported trailing twelve-month revenue of $20.34 billion alongside basic trailing earnings of $152.55 per share. The business generated a net profit margin of 12.7% and year-over-year revenue growth of 5.6%. The company's next earnings report is scheduled for release on December 8, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 3.9%. Revenue missed estimates by 12.4%.
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Profit surprise
EBITDA missed by 19 percent. Operating income missed by 22 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target cuts.
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Earnings quality
Gross margin down 1.4 points. Operating margin down 1.5 points. Positive free cash flow.
Earnings Call Summary
Second quarter sales grew 8.1 percent to $4.3 billion, but earnings per share fell 2.3 percent to $38.07 due to a $59 million non-cash LIFO charge from tariffs. Domestic same-store sales grew 3.4 percent despite severe winter weather in late January and early February that hurt both DIY (up 1.5 percent) and commercial (up 9.8 percent) for two weeks. Management believes the weather impact is temporary and expects strong sales in coming quarters from tax refunds, normal summer weather driving maintenance needs, and continued market share gains from hub and Mega Hub expansions.
Guidance AutoZone did not issue specific quarterly or full-year revenue or earnings guidance. Management stated they remain on track for their fiscal 2026 objectives, expect gross margin to remain manageable while growing operating expenses in line with accelerated store openings, and believe sales will improve in the back half with better weather and higher tax refunds. They also plan to continue opening 350 to 360 stores for the full year, up from 304 last year.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at AutoZone, Inc.
Company insiders executed several transactions prior to the filing. Officer Richard Craig Smith sold 5,910 shares on January 23, 2026, at an average price of $3,700.00 for a total value of $21.9 million. Director Earl G Graves Jr sold 50 shares on April 10, 2026, at $3,478.72 per share. Director Brian Hannasch bought 165 shares on May 29, 2026, at $2,987.00. Officer Dennis W Leriche sold 1,455 shares on August 7, 2026, at $3,100.00.
Analysts Set New Price Targets
Wall Street analysts maintain a strong buy consensus rating on the stock with a mean price target of $3,719.96 based on 23 analyst opinions. On September 23, 2026, Roth Capital maintained a Buy rating with a $3,850.00 price target. Truist Securities maintained a Buy rating with a $3,648.00 target on the same day. TD Cowen maintained a Buy rating with a $3,400.00 target. JP Morgan maintained an Overweight rating on September 28, 2026, with a $3,700.00 price target, while Bernstein initiated coverage on September 29, 2026, with an Outperform rating and a $3,698.00 target.
About AutoZone
AutoZone, Inc. operates retail stores and distribution networks offering automotive replacement parts, maintenance items, and accessories across the United States, Mexico, and Brazil. The company serves everyday vehicle owners and professional repair shops with hard parts and tools for cars, vans, and light trucks.
Bottom Line
Investors will look toward the company's upcoming earnings release on December 8, 2026, for further financial updates. Future regulatory filings will show whether institutional backers continue adjusting their share totals in the months ahead.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $AZO (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts