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Banking & Finance

532 Shares in AutoZone, Inc. $AZO Acquired by Summit Global Investments

·15 Aug
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Summit Global Investments recently acquired 532 shares of AutoZone, Inc. (NYSE:AZO) valued at approximately $1.7 million during the second quarter, adding to the 92.74% institutional ownership of the company. AutoZone reported strong quarterly earnings, exceeding EPS expectations and showing an 8.4% year-over-year revenue increase, alongside authorizing a $1.5 billion share-repurchase program. Despite recent price target reductions from analysts, the stock maintains a "Moderate Buy" consensus with an average target price significantly above its current trading level.

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