AutoZone stock sinks to a new 52-week low as TD Cowen cuts target
📉 AutoZone stock closed at USD 2,951.61 on September 8, 2026, hitting a new 52-week low.
🔻 TD Cowen cut its price target for AutoZone from USD 3,700 to USD 3,500 while maintaining a Buy rating.
📊 The company reported a gross profit margin of 51.75 percent and USD 19.99 billion in trailing twelve-month revenue.
📉 AutoZone shares lost 2.76 percent over the past month, significantly outperforming the S&P 500's 0.36 percent decline.
🗓️ Earnings are scheduled to be announced on September 22, 2026, with estimated EPS of USD 54.97.
💰 The company carries a market capitalization of USD 47.29 billion as of September 9, 2026.
🎯 The consensus price target for AutoZone is USD 3,999.04, implying upside from current levels.
Bullish Signals
- AutoZone maintains a strong gross profit margin of 51.75 percent despite a significant stock price decline.
- The company generated USD 19.99 billion in revenue over the last 12 months, demonstrating continued profitability.
- Analysts maintain a Buy rating on the stock even after TD Cowen lowered its specific price target.
Risk Factors
- AutoZone stock hit a new 52-week low, closing at USD 2,951.61 and trading as low as USD 2,899.88.
- TD Cowen cut its price target from USD 3,700 to USD 3,500, signaling reduced near-term valuation expectations.
- The stock has lost 2.76 percent over the past month, underperforming the S&P 500 which only declined 0.36 percent.
Full Analysis
AutoZone Inc. shares fell to a new 52-week low, closing at USD 2,951.61 on September 8, 2026, and trading as low as USD 2,899.88 the following day. The decline was triggered by TD Cowen cutting its price target for the retailer from USD 3,700 to USD 3,500, although the analyst maintained a Buy rating.
Despite the stock's significant drop of 31.27 percent over the past year, AutoZone remains profitable with a gross profit margin of 51.75 percent and USD 19.99 billion in revenue generated over the last 12 months. The company currently trades at a market capitalization of approximately USD 47.29 billion.
Market data indicates that AutoZone has underperformed the broader S&P 500, losing 2.76 percent over the past month compared to a mere 0.36 percent decline for the index. Investors are closely watching the upcoming earnings report scheduled for September 22, 2026, with analysts estimating EPS of USD 54.97 and quarterly revenue of USD 6.71 billion.
The consensus price target across the market stands at USD 3,999.04, leaving current shares trading roughly USD 1,047 below that level. The stock is categorized within the Consumer Discretionary sector as a Specialty Retailer.
