Bank of Montreal Can Boosts Stake in AutoZone

Institutional investor increases holding in auto parts retailer by 7.9% in Q3

Mar. 11, 2026 at 7:20am

Got story updates? Submit your updates here. ›

Bank of Montreal Can, an institutional investor, raised its position in AutoZone, Inc. (NYSE:AZO) by 7.9% in the third quarter, according to a recent SEC filing. The investor now owns 47,519 shares of the company's stock, worth approximately $203.9 million at the end of the quarter.

Why it matters

This transaction highlights the continued institutional interest and confidence in AutoZone, one of the leading auto parts retailers in the United States. The increase in Bank of Montreal Can's stake suggests they see long-term growth potential in the company.

The details

According to the 13F filing, Bank of Montreal Can acquired an additional 3,495 shares of AutoZone during the third quarter, bringing its total holding to 47,519 shares. This represents about 0.29% of the company's outstanding stock. AutoZone is a major player in the auto parts and accessories market, operating over 6,000 stores across the United States.

  • Bank of Montreal Can increased its stake in AutoZone during the third quarter of 2026.

The players

Bank of Montreal Can

A Canadian multinational financial services company and one of the largest banks in North America.

AutoZone, Inc.

An American retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

Got photos? Submit your photos here. ›

The takeaway

The increased investment by Bank of Montreal Can in AutoZone suggests continued institutional confidence in the company's growth prospects within the auto parts retail industry. As a leading player in the market, AutoZone's performance is closely watched by investors.