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AutoZone, Inc. $AZO Shares Purchased by Numerai GP LLC
Numerai GP LLC significantly increased its stake in AutoZone (NYSE:AZO) by 1,199.3%, now holding 1,754 shares valued at $7.525 million, making it their 8th largest holding. This comes amidst considerable insider trading, including a VP selling a large number of shares and a director making a purchase. AutoZone recently reported earnings that marginally beat EPS expectations but fell slightly short on revenue, and the stock maintains a “Moderate Buy” consensus rating from analysts with an average price target of $4,312.