Cambria Investment Reduces AutoZone Stake

Hedge fund lowers position in auto parts retailer by nearly two-thirds

Published on Mar. 5, 2026

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Cambria Investment Management L.P. reduced its stake in AutoZone, Inc. (NYSE:AZO) by 64.8% in the third quarter, according to a recent SEC filing. The fund now owns 280 shares of the company's stock, down from 795 shares previously.

Why it matters

AutoZone is a leading auto parts retailer, and changes in institutional ownership can signal shifts in market sentiment around the company. Cambria's reduced position may indicate broader concerns about AutoZone's performance or growth prospects.

The details

Cambria Investment Management sold 515 shares of AutoZone stock during the third quarter, leaving the fund with a remaining position of 280 shares valued at $1.2 million. The move comes as AutoZone has faced a series of analyst downgrades and price target cuts in recent months, with concerns around factors like macroeconomic headwinds and increased competition.

  • Cambria reduced its AutoZone stake in the third quarter of 2026.

The players

Cambria Investment Management L.P.

An investment management firm that has reduced its position in AutoZone.

AutoZone, Inc.

A leading retailer and distributor of automotive replacement parts and accessories.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Cambria's reduced stake in AutoZone could signal broader concerns about the company's outlook, coming amid a series of analyst downgrades. This highlights the need for investors to closely monitor changing institutional ownership and analyst sentiment around key industry players.