Is AutoZone, Inc. (AZO) The Most Expensive Stock Insiders Are Dumping In March?

We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where AutoZone, Inc. (NYSE:AZO) stands against other most expensive stocks insiders are dumping in March.

After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.

As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.

What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.

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With each stock, we note the average price per share of these sales and the stock’s market capitalization.

AutoZone, Inc. (NYSE:AZO)

Market Capitalization: $61.43 billion

AutoZone, Inc. (NYSE:AZO) is a leading retailer and distributor of automotive replacement parts and accessories, serving customers in the US, Mexico, and Brazil. The Memphis, Tennessee-based company offers a wide variety of products, ranging from essential maintenance items to specialized parts and accessories. AutoZone serves both do-it-yourself (DIY) customers and professional mechanics through a variety of sales channels, including online platforms and commercial programs.

This month, AutoZone (NYSE:AZO) disclosed net sales of $4.0 billion for its second quarter ended Feb. 15, 2025, an increase of 2.4% from the second quarter of fiscal 2024. For the quarter, gross profit, as a percentage of sales, was flat to last year at 53.9%. Operating profit decreased 4.9% to $706.8 million. Net income for the quarter decreased 5.3% over the same period last year to $487.9 million, while diluted earnings per share decreased 2.1% to $28.29.

In March, four insiders, including the senior vice president and CIO, sold a total of $17.01 million worth of AutoZone shares at an average price of $3,565.67 per share. The stock is now trading at $3,672.23 per share, having gained 15.69% year-to-date, and 15.06% over the past 12 months.

According to 20 analysts, AutoZone (NYSE:AZO) stock has an average rating of “Strong Buy,” reports StockAnalysis. The 12-month price target is $3,717.70, indicating a 1.16% increase from the current price.

AutoZone (NYSE:AZO) is also one of the 12 stocks to buy that may be splitting soon.

Overall, AZO ranks 1st on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of AZO our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AZO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.