Erste Asset Management Trims AutoZone Stake

The institutional investor reduced its position in the auto parts retailer by 5.2% in the third quarter.

Published on Feb. 27, 2026

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Erste Asset Management GmbH, an institutional investor, reduced its stake in AutoZone, Inc. (NYSE: AZO) by 5.2% in the third quarter, according to a recent SEC filing. The firm now owns 9,647 shares of the company's stock, valued at approximately $41.18 million at the end of the quarter.

Why it matters

AutoZone is a major player in the automotive aftermarket industry, and changes in institutional ownership can provide insights into investor sentiment around the company's performance and outlook.

The details

Erste Asset Management GmbH sold 531 shares of AutoZone stock during the third quarter, reducing its total position to 9,647 shares. The firm owned approximately 0.06% of AutoZone's outstanding shares at the end of the quarter.

  • Erste Asset Management GmbH reduced its stake in AutoZone in the third quarter of 2026.

The players

Erste Asset Management GmbH

An institutional investor that reduced its stake in AutoZone by 5.2% in the third quarter of 2026.

AutoZone, Inc.

A major retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

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The takeaway

The reduction in Erste Asset Management's AutoZone position suggests the firm may have concerns about the company's near-term performance or growth prospects, though AutoZone remains a well-regarded player in the auto parts industry.