AutoZone stock heads into the open after a 3.3 percent gain
📈 AutoZone stock closed up 3.26% at $2,848.16 on September 23, 2026, outperforming the broader market.
💰 The company reported quarterly EPS of $56.05, which beat analyst expectations.
📉 Revenue for the quarter was $6.59 billion, missing the consensus estimate of $6.70 billion.
📉 Several analysts including Barclays and Robert W. Baird lowered their price targets following the earnings report.
📊 Trading volume surged to 652,550 shares, more than double the average daily volume of 261,270 shares.
📈 The stock is currently trading $83.28 above its 52-week low of $2,764.88.
Bullish Signals
- AutoZone stock gained 3.26% to close at $2,848.16 on September 23, 2026, significantly outperforming the S&P 500 which fell 0.8%.
- The company reported quarterly earnings per share of $56.05, which exceeded analyst expectations.
Risk Factors
- AutoZone revenue of $6.59 billion missed analyst expectations of $6.70 billion for the quarter ending September 22, 2026.
- Following the earnings release, multiple analysts including Barclays, Robert W. Baird, DA Davidson, and Roth Capital lowered their price targets for the stock.
Full Analysis
AutoZone Inc. (NYSE: AZO) shares opened higher following a strong close on September 23, 2026, where the stock gained 3.26% to settle at $2,848.16. This performance occurred despite a broader market decline, as the S&P 500 fell 0.8% to 7,706.03 during the same session.
The company reported quarterly earnings per share of $56.05, which surpassed analyst expectations. However, revenue came in at $6.59 billion, falling slightly short of the consensus estimate of $6.70 billion for the quarter ending September 22, 2026.
Following the earnings release, several Wall Street analysts including Barclays, Robert W. Baird, DA Davidson, and Roth Capital lowered their price targets for AutoZone. The stock traded with a volume of 652,550 shares, significantly above its average daily volume of 261,270 shares.
AutoZone's current trading position sits $83.28 above its 52-week low of $2,764.88 but remains $1,916.72 below its 52-week high of $4,332.68. The mixed financial results and subsequent analyst downgrades suggest a cautious outlook despite the immediate stock price rally.
