California State Teachers Retirement System 13F: Cuts AZO Stake by $2.3M
California State Teachers Retirement System cut its AutoZone holdings as the stock navigates a challenging year.
Reviewed by automated data checks against the source filing. How we make and check alerts
California State Teachers Retirement System sold 741 shares from its stake in AutoZone, Inc. ($AZO), a 2.90% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 24,841 shares worth $76.55 million at the end of the quarter.
Since the filing, $AZO is down 7.9% after 1 week, down 9.1% after 1 month and down 7.3% to date (from the $3,365.74 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AZO
AutoZone, Inc.
Key Points
- California State Teachers Retirement System trimmed its position in AutoZone, Inc. by 741 shares, bringing its total to 24,841 shares valued at approximately $76.6 million. AutoZone shares recently traded at $3,081.62, which is above the 52-week low of $2,796.85 but below its high of $4,332.68. Analysts are generally optimistic, with a consensus rating of 'Strong Buy' and a mean price target of $3,859.22.
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CalSTRS Cuts AutoZone Holdings
California State Teachers Retirement System trimmed its stake in AutoZone, Inc. (NYSE: AZO) by 741 shares, reducing its total to 24,841 shares valued at about $76.6 million. This adjustment comes as part of its latest Form 13F filing, which reflects holdings as of May 18, 2026.
The pension fund's reduction represents a 2.9% decrease in its position. Previously, it held 25,582 shares. This move occurs as AutoZone's stock has faced volatility throughout the year, with shares trading at $3,081.62 recently.
Institutional Activity
No other funds reported changes in their positions for AutoZone in this filing period, indicating that CalSTRS' action stands alone among institutional investors. This lack of movement from peers can suggest a cautious approach to the auto parts sector at this time.
How AZO Stock Has Traded
AutoZone shares have fluctuated significantly, with a 52-week low of $2,796.85 and a high of $4,332.68. The stock is currently trading above its 50-day moving average of $2,991.47, which may signal some short-term strength despite the recent trimming by CalSTRS.
Analysts Set New Price Targets
Analysts remain positive about AutoZone. On September 29, 2026, Bernstein initiated coverage with an 'Outperform' rating and a price target of $3,698. JP Morgan maintained an 'Overweight' rating on September 28, 2026, with a target of $3,700. Other firms like Roth Capital and Truist Securities also maintained their 'Buy' ratings, with targets ranging from $3,648 to $3,850. The consensus rating is 'Strong Buy', with a mean price target of $3,859.22 from 23 analyst opinions.
What AZO Does
AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories, serving customers in the U.S., Mexico, and Brazil. The company offers a wide range of products for various vehicles, including cars and light-duty trucks.
What's Ahead for AZO
Investors should watch for the next earnings report scheduled for September 22, 2026. The latest 13F filing reflects holdings as of May 18, 2026, and may not represent current positions. With analysts optimistic about the stock, further developments in AutoZone's performance will be important to follow.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AZO (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts