30-day average of 12 articles · scale −100 to +100
Across 12 scored articles from Oct 16 to Nov 14, 2026 (UTC),
the average sentiment of AutoZone news is Neutral (+3)
on a scale from −100 to +100.
That is down 20 points from the previous 30 days (+23).
📉 AutoZone (AZO) stock rallied 4.7% since September despite a deteriorating earnings outlook, with forward P/E at 16.93x compared to a 10.5x peer median.
💰 The company reported FY2026 revenue of $20.34 billion, up 7.4%, driven by opening a record 374 new stores to surpass the 8,000-location milestone.
🏭 Operating margins compressed to 18.31% in FY2026 from 20.49% in FY2024 due to store-opening costs and rising SG&A expenses.
📉 Free cash flow declined to $1.82 billion in FY2026 from $2.54 billion in FY2022 as capital expenditures rose to $1.43 billion.
🛠️ DIY traffic softened with same-store sales down 0.6% in Q4, though the average ticket price increased by roughly 5% due to inflation.
🏢 Commercial business remains a strong growth driver, expanding 8.6% in Q4 and benefiting from Mega Hub-linked programs that sell 16% more annually.
🌎 International expansion continues with 1,001 stores in Mexico and 167 in Brazil, though macroeconomic headwinds in Mexico have slowed recent sales growth.
📉 Analyst estimates for Q1 FY2027 were cut from $38.10 to $35.39 EPS as the sell side adjusted expectations to match management's flat same-store sales guidance.
👤 CFO Jamere Jackson is departing on November 25, 2026, to join FedEx, leaving the December 8 earnings call without his presence.
💸 The company repurchased $2.01 billion of stock in FY2026, covering share-based compensation 14.72x and shrinking the share count by 2.95% year-over-year.
📉 LIFO charges are expected to decrease significantly in FY2027, dropping from $192 million in FY2026 to a modeled range of $85–$90 million.
⚠️ Net debt stands at $12.82 billion with a 3.0x EBITDA leverage ratio, and interest expenses are projected to rise as rates remain higher for longer.
📉 The stock trades above its 50-day moving average with an RSI of 58.99, indicating a break from the summer downtrend despite falling analyst estimates.
🏗️ Management plans to open approximately 400 new stores in FY2027 and is reducing the long-term annual store target from 500 to 430 to focus on profitability.
📉 Q1 FY2027 guidance anticipates relatively flat domestic same-store sales with an average ticket growth of roughly 5%, similar to Q4 performance.
🏭 SG&A expenses are expected to grow by approximately 8% in FY2027, with management confident in their ability to manage costs in line with sales growth.
📈 Bullish signals
🏬AutoZone opened a record 374 stores in FY2026, surpassing its previous annual record of 304 stores and passing the milestone of 8,000 total locations.
💰The company achieved an all-time high in sales of $20.3 billion for FY2026, exceeding the $20 billion mark for the first time.
📈Domestic commercial sales grew nearly 11% for the year, finishing up significantly above the domestic DIY channel which declined slightly.
🛠️International same-store sales grew 10.7% on an unadjusted basis, driven by a strong 9% foreign exchange tailwind from the Mexican peso strengthening against the US dollar.
📉The company generated $684 million in free cash flow for Q4 FY2026, up from $511 million in the prior year quarter.
💸AutoZone repurchased $2.01 billion of stock in FY2026, covering 14.72x its stock-based compensation and shrinking the share count by 2.95% TTM.
📈The company received a $96 million tariff refund benefit in Q4, which added $4.43 per share to earnings.
🏢Mega Hub-linked commercial programs sell 16% more annually than the balance of commercial programs, driving accelerated growth in the professional channel.
📉Management expects LIFO charges to roughly halve in FY2027, dropping from $192 million in FY2026 to an estimated $85 million to $90 million.
📈The company completed its new Monterrey, Mexico distribution center, which is more than 2x the size of the previous facility and fully operational.
🏗️AutoZone expects to open approximately 400 stores in FY2027, maintaining an aggressive store build-out pace despite slowing international expansion targets.
📈The company exited Q4 FY2026 with good momentum, particularly in commercial sales which grew well north of 9% in the quarter.
📉 Risk factors
🏭Operating margins contracted from 20.49% in FY2024 to 18.31% in FY2026 due to aggressive store expansion costs diluting operating leverage.
📉Free cash flow declined to $1.82 billion in FY2026 from $2.54 billion in FY2022, reflecting increased capital expenditures of $1.43 billion required for rapid network expansion.
📉Analyst estimates have been cut sharply with Q1 FY2027 consensus EPS dropping from $38.10 to $35.39 over sixty days as investors adjusted for management's guidance of flat same-store sales for DIY.
📉The stock is trading at a forward multiple of 16.93x earnings, which is significantly higher than the auto parts peer median and implies 12.9% annual free cash flow growth from a business that has seen FCF stagnate or decline for four consecutive years.
👤CFO Jamere Jackson is set to depart on November 25, 2026, adding uncertainty ahead of the December 8 earnings call where he will no longer be present to defend the cost plan.
⚠️Net debt of $12.82 billion runs at 3.0x EBITDA, and rising interest costs with Q1 guided to $114 million from $106 million raise the cost of the buyback model in a higher-for-longer rate environment.
📉The company has a poor earnings beat record with only 3 beats in 8 recorded quarters and a -2.1% average surprise, keeping earnings quality near the bottom despite recent price momentum.
📉Management expects Q1 FY2027 same-store sales to be relatively flat for DIY and low single-digit growth for commercial segments, capping upside potential in the near term.
Article
AutoZone (NYSE: AZO) remains a "Hold" despite a stock rally to $3,252.19, as analysts view the valuation as expensive relative to softening earnings quality and growth prospects. The company's fiscal 2026 revenue grew 7.4% to $20.34 billion, driven by a record-breaking expansion that added 374 new stores, bringing the total location count to over 8,000 across the US, Mexico, and Brazil. However, this aggressive store build has temporarily diluted operating leverage, causing the operating margin to slip to 18.31% from 20.49% in FY2024. Free cash flow also declined to $1.82 billion from $2.54 billion in FY2022, reflecting increased capital expenditures of $1.43 billion required to support the rapid network expansion.
The primary concerns driving the cautious sentiment are the decoupling of stock price from fundamentals and a deteriorating earnings beat record. The market is pricing in 12.9% annual free cash flow growth for a business that has seen FCF stagnate or decline for four consecutive years, resulting in a forward multiple of 16.93x earnings—significantly higher than the auto parts peer median. Furthermore, analyst estimates have been cut sharply; the Q1 FY2027 consensus EPS dropped from $38.10 to $35.39 over sixty days as investors adjusted for management's guidance of flat same-store sales for DIY and low single-digit growth for commercial segments. The CFO, Jamere Jackson, is set to depart on November 25, 2026, to join FedEx, adding uncertainty ahead of the December 8 earnings call where he will no longer be present to defend the cost plan.
Despite these headwinds, AutoZone maintains a strong competitive moat through its inventory density and Duralast private label, which supports an operating margin well above peers at 18.31%. The commercial channel continues to outperform the DIY segment, with domestic commercial sales growing 8.6% in Q4 compared to a 0.6% decline in DIY traffic. Management expects the LIFO accounting drag to roughly halve in FY2027, dropping from $192 million in FY2026 to between $85 million and $90 million, which should provide a mechanical tailwind to gross margins. While the stock has gained momentum with a 44.5-point rise since September, the analysis suggests the rally is driven by price action rather than improved underlying numbers, leaving the investment case anchored by valuation concerns rather than operational strength.
Sector and industry come from company profile data. Sentiment is the AI score of the news articles on this page, averaged per day. Not investment advice.
AutoZone (NYSE: AZO) remains a "Hold" despite a stock rally to $3,252.19, as analysts view the valuation as expensive relative to softening earnings quality and growth prospects. The company's fiscal 2026 revenue grew 7.4% to $20.34 billion, driven by a record-breaking expansion that added 374 new stores, bringing the total location count to over 8,000 across the US, Mexico, and Brazil. However, this aggressive store build has temporarily diluted operating leverage, causing the operating margin to slip to 18.31% from 20.49% in FY2024. Free cash flow also declined to $1.82 billion from $2.54 billion in FY2022, reflecting increased capital expenditures of $1.43 billion required to support the rapid network expansion.
The primary concerns driving the cautious sentiment are the decoupling of stock price from fundamentals and a deteriorating earnings beat record. The market is pricing in 12.9% annual free cash flow growth for a business that has seen FCF stagnate or decline for four consecutive years, resulting in a forward multiple of 16.93x earnings—significantly higher than the auto parts peer median. Furthermore, analyst estimates have been cut sharply; the Q1 FY2027 consensus EPS dropped from $38.10 to $35.39 over sixty days as investors adjusted for management's guidance of flat same-store sales for DIY and low single-digit growth for commercial segments. The CFO, Jamere Jackson, is set to depart on November 25, 2026, to join FedEx, adding uncertainty ahead of the December 8 earnings call where he will no longer be present to defend the cost plan.
Despite these headwinds, AutoZone maintains a strong competitive moat through its inventory density and Duralast private label, which supports an operating margin well above peers at 18.31%. The commercial channel continues to outperform the DIY segment, with domestic commercial sales growing 8.6% in Q4 compared to a 0.6% decline in DIY traffic. Management expects the LIFO accounting drag to roughly halve in FY2027, dropping from $192 million in FY2026 to between $85 million and $90 million, which should provide a mechanical tailwind to gross margins. While the stock has gained momentum with a 44.5-point rise since September, the analysis suggests the rally is driven by price action rather than improved underlying numbers, leaving the investment case anchored by valuation concerns rather than operational strength.
📈 AZO stock rallied 4.7% despite deteriorating earnings outlook and high forward P/E of 16.93x.
🏬 FY2026 revenue hit $20.34B driven by record 374 new stores surpassing 8,000 locations.
⚠️ Operating margins compressed to 18.31% due to store-opening costs and rising SG&A expenses.
📉 Analyst EPS estimates cut to $35.39 as same-store sales guidance remains flat for Q1 FY2027.
💸 AZO repurchased $2.01B in stock, shrinking share count by 2.95% while managing high net debt.
📉 AutoZone (AZO) stock rallied 4.7% since September despite a deteriorating earnings outlook, with forward P/E at 16.93x compared to a 10.5x peer median.
💰 The company reported FY2026 revenue of $20.34 billion, up 7.4%, driven by opening a record 374 new stores to surpass the 8,000-location milestone.
🏭 Operating margins compressed to 18.31% in FY2026 from 20.49% in FY2024 due to store-opening costs and rising SG&A expenses.
📉 Free cash flow declined to $1.82 billion in FY2026 from $2.54 billion in FY2022 as capital expenditures rose to $1.43 billion.
🛠️ DIY traffic softened with same-store sales down 0.6% in Q4, though the average ticket price increased by roughly 5% due to inflation.
🏢 Commercial business remains a strong growth driver, expanding 8.6% in Q4 and benefiting from Mega Hub-linked programs that sell 16% more annually.
🌎 International expansion continues with 1,001 stores in Mexico and 167 in Brazil, though macroeconomic headwinds in Mexico have slowed recent sales growth.
📉 Analyst estimates for Q1 FY2027 were cut from $38.10 to $35.39 EPS as the sell side adjusted expectations to match management's flat same-store sales guidance.
👤 CFO Jamere Jackson is departing on November 25, 2026, to join FedEx, leaving the December 8 earnings call without his presence.
💸 The company repurchased $2.01 billion of stock in FY2026, covering share-based compensation 14.72x and shrinking the share count by 2.95% year-over-year.
📉 LIFO charges are expected to decrease significantly in FY2027, dropping from $192 million in FY2026 to a modeled range of $85–$90 million.
⚠️ Net debt stands at $12.82 billion with a 3.0x EBITDA leverage ratio, and interest expenses are projected to rise as rates remain higher for longer.
📉 The stock trades above its 50-day moving average with an RSI of 58.99, indicating a break from the summer downtrend despite falling analyst estimates.
🏗️ Management plans to open approximately 400 new stores in FY2027 and is reducing the long-term annual store target from 500 to 430 to focus on profitability.
📉 Q1 FY2027 guidance anticipates relatively flat domestic same-store sales with an average ticket growth of roughly 5%, similar to Q4 performance.
🏭 SG&A expenses are expected to grow by approximately 8% in FY2027, with management confident in their ability to manage costs in line with sales growth.
Bullish Signals
Opened record 374 stores in FY2026, surpassing prior annual record.
Achieved all-time high sales of $20.3 billion for FY2026.
Domestic commercial sales grew nearly 11% versus declining DIY.
International same-store sales grew 10.7% with strong FX tailwind.
Generated $684 million free cash flow in Q4 FY2026.
Risk Factors
Operating margins contracted from 20.49% to 18.31% due to expansion costs.
Free cash flow declined to $1.82B as capex hit $1.43B.
Analyst EPS estimates cut sharply with Q1 FY2027 consensus dropping.
Stock trades at 16.93x earnings vs peers despite stagnant FCF.
CFO departing adds uncertainty ahead of December 8 earnings call.
Net debt of $12.82B runs at 3.0x EBITDA with rising costs.
Poor earnings beat record with only 3 beats in 8 quarters.
Same-store sales expected flat for DIY, capping near-term upside.
Bullish Signals
AutoZone opened a record 374 stores in FY2026, surpassing its previous annual record of 304 stores and passing the milestone of 8,000 total locations.
The company achieved an all-time high in sales of $20.3 billion for FY2026, exceeding the $20 billion mark for the first time.
Domestic commercial sales grew nearly 11% for the year, finishing up significantly above the domestic DIY channel which declined slightly.
International same-store sales grew 10.7% on an unadjusted basis, driven by a strong 9% foreign exchange tailwind from the Mexican peso strengthening against the US dollar.
The company generated $684 million in free cash flow for Q4 FY2026, up from $511 million in the prior year quarter.
AutoZone repurchased $2.01 billion of stock in FY2026, covering 14.72x its stock-based compensation and shrinking the share count by 2.95% TTM.
The company received a $96 million tariff refund benefit in Q4, which added $4.43 per share to earnings.
Mega Hub-linked commercial programs sell 16% more annually than the balance of commercial programs, driving accelerated growth in the professional channel.
Management expects LIFO charges to roughly halve in FY2027, dropping from $192 million in FY2026 to an estimated $85 million to $90 million.
The company completed its new Monterrey, Mexico distribution center, which is more than 2x the size of the previous facility and fully operational.
AutoZone expects to open approximately 400 stores in FY2027, maintaining an aggressive store build-out pace despite slowing international expansion targets.
The company exited Q4 FY2026 with good momentum, particularly in commercial sales which grew well north of 9% in the quarter.
Risk Factors
Operating margins contracted from 20.49% in FY2024 to 18.31% in FY2026 due to aggressive store expansion costs diluting operating leverage.
Free cash flow declined to $1.82 billion in FY2026 from $2.54 billion in FY2022, reflecting increased capital expenditures of $1.43 billion required for rapid network expansion.
Analyst estimates have been cut sharply with Q1 FY2027 consensus EPS dropping from $38.10 to $35.39 over sixty days as investors adjusted for management's guidance of flat same-store sales for DIY.
The stock is trading at a forward multiple of 16.93x earnings, which is significantly higher than the auto parts peer median and implies 12.9% annual free cash flow growth from a business that has seen FCF stagnate or decline for four consecutive years.
CFO Jamere Jackson is set to depart on November 25, 2026, adding uncertainty ahead of the December 8 earnings call where he will no longer be present to defend the cost plan.
Net debt of $12.82 billion runs at 3.0x EBITDA, and rising interest costs with Q1 guided to $114 million from $106 million raise the cost of the buyback model in a higher-for-longer rate environment.
The company has a poor earnings beat record with only 3 beats in 8 recorded quarters and a -2.1% average surprise, keeping earnings quality near the bottom despite recent price momentum.
Management expects Q1 FY2027 same-store sales to be relatively flat for DIY and low single-digit growth for commercial segments, capping upside potential in the near term.
Company updateShare buybackStore expansionAI-generated analysis
AutoZone (AZO) stock has underperformed the broader market, losing 13.2% over the twelve months ending November 11, 2026, while the S&P 500 gained 12.8%. Management acknowledged on its September 22, 2026 call that same-store sales growth may fall short of expectations, yet the company maintains an aggressive expansion strategy with plans to open approximately 400 new stores in fiscal 2027.
The upcoming fiscal Q1 2027 earnings report, expected in December 2026, is critical as management has guided same-store sales to be relatively flat. This period coincides with the departure of the CFO on November 25, 2026, and highlights concerns regarding the domestic do-it-yourself (DIY) sector, where same-store sales fell 0.6% in fiscal Q4 2026 due to financially stretched customers trading down and delaying repairs.
AutoZone is executing a significant capital allocation strategy with roughly $1.65 billion planned for capital spending in fiscal 2027, primarily funding new store openings including Mega Hubs. The company aims to generate higher free cash flow to support this growth alongside increased share buybacks, having spent $2.01 billion on buybacks in fiscal 2026 despite free cash flow of $1.82 billion.
Analysts and investors are closely monitoring the December 2026 report for signs of recovery in DIY customer traffic and returns on invested capital, which management expects to remain in the mid-30s range. The stock has experienced significant volatility, dropping 29.6% from its November 2025 high to an October 2026 low, with earnings calls historically triggering sharp declines.
AutoZone Inc. (AZO) announced that its Chief Executive Officer, Steve Odland, has been appointed to lead Office Depot Inc., replacing interim CEO Neil Austrian. This strategic move follows less than six months after Office Depot ousted its former leader, Bruce Nelson, and comes as analysts view Odland's appointment as a significant positive development for the struggling office supply retailer.
Odland is credited with transforming AutoZone into the largest U.S. auto parts retailer, driving its share price to nearly triple during his tenure through store expansion and operational improvements. His track record includes expanding locations by approximately 500 and shedding underperforming truck-parts stores, establishing him as a decision-maker focused on operational details and merchandise flow.
The appointment occurred against a backdrop of mixed performance in the office supply sector. While Office Depot recently reported fourth-quarter earnings that beat estimates with sales gains at older North American stores, rival Staples remains robust. Conversely, third-place competitor OfficeMax faced severe challenges, including a 90% profit plunge and executive resignations due to accounting irregularities.
Analysts, including Joseph Feldman of SG Cowen & Co., praised Odland's energy and operational focus, noting that his leadership will help revamp Office Depot's aging store fleet. The stock market reacted positively to the news, with Office Depot shares rising 8.13% on Monday, reflecting investor confidence in Odland's ability to turn around the company's performance.
📈 AZO shares rose 8.13% after CEO Steve Odland departed for Office Depot.
🚀 Odland nearly tripled AZO stock and grew stores by 500 during his tenure.
🏆 AZO promoted EVP William C. Rhodes III to CEO following Odland's exit.
📈 AutoZone CEO Steve Odland has been appointed as the new Chief Executive Officer of Office Depot Inc., replacing interim leader Neil Austrian.
🚀 During his tenure at AutoZone, Odland nearly tripled the company's share price and expanded its store count by about 500 locations.
💼 Analysts view Odland's appointment as a net positive for Office Depot, citing his strong track record in consumer retail and operational expertise.
📈 Office Depot shares jumped 8.13% to close at $20.75 following the announcement of Odland's leadership transition.
🔄 Odland will take over at a pivotal time for Office Depot, which faces challenges with an aging store fleet and lagging sales in North America.
🏆 AutoZone has promoted its own Executive Vice President, William C. Rhodes III, to CEO following Odland's departure.
Bullish Signals
New CEO Steve Odland nearly tripled share price at AutoZone.
Bullish Signals
Steve Odland, the new CEO of Office Depot, is highly regarded by analysts for his successful track record at AutoZone where he nearly tripled the share price.
Odland brings a proven history of operational excellence and strategic growth, having expanded AutoZone's locations by approximately 500 stores during his leadership.
The market reacted positively to Odland's appointment, signaling confidence in his ability to manage large-scale retail transformations.
AutoZone CFO Jamere Jackson executed a significant insider sale on November 4th, selling 6,900 shares at an average price of $3,319.71 for a total value of approximately $22.9 million. This transaction reduced his personal ownership stake by 93.29%, leaving him with only 496 shares valued at roughly $1.65 million. The sale was disclosed via an SEC filing and represents a substantial reduction in the executive's direct equity position.
The company recently reported its Q2 earnings on September 22nd, delivering EPS of $0.56 which significantly beat analyst consensus estimates of $0.54. However, revenue came in slightly below expectations at $6.59 billion versus an estimated $6.70 billion, though year-over-year growth remained positive at 5.6%. The business posted a net margin of 12.65% and operates with a market capitalization of $51.77 billion.
Market sentiment regarding AutoZone has shifted negatively in recent broker research, with major institutions like Wells Fargo, Mizuho, Citigroup, and Robert W. Baird all lowering their price targets between September 10th and September 23rd. Despite these downgrades, the stock maintains a consensus 'Moderate Buy' rating from analysts with an average target price of $3,674.36, while hedge fund activity remains mixed with some entities increasing positions significantly.
📉 CFO Jamere Jackson sold 6,900 shares worth $22.9M on Nov 4th.
📉 Q2 revenue of $6.59B missed estimates despite EPS beat of $0.56.
📉 Wells Fargo and Mizuho lowered price targets while downgrading ratings.
🏦 Bank of America added $233.5M stake; institutional ownership stands at 92.74%.
🚀 CYBER HORNET ETFs LLC lifted position to nearly $49M in Q2.
📉 AutoZone CFO Jamere Jackson sold 6,900 shares for a total value of $22,905,999.00 on November 4th.
💰 The insider sale reduced the CFO's ownership stake by 93.29%, leaving him with 496 remaining shares.
📊 Q2 earnings showed EPS of $0.56 beating estimates, but revenue of $6.59 billion missed analyst expectations of $6.70 billion.
📉 Wells Fargo lowered its price objective from $4,150 to $3,500 while maintaining an 'overweight' rating.
📉 Mizuho reduced its price target from $3,200 to $3,000 and downgraded the stock to a 'neutral' rating.
📉 Citigroup cut its price objective from $3,700 to $3,450 while retaining a 'buy' rating on the shares.
📉 Robert W. Baird decreased its price target from $3,600 to $3,400 and issued a 'neutral' rating.
🏦 Institutional ownership remains high at 92.74%, with Bank of America adding a new stake worth $233.5 million in Q2.
📈 Benchmark Investment Advisors acquired a new position valued at approximately $713,000 during the second quarter.
🚀 CYBER HORNET ETFs LLC significantly lifted its position by 33,193.5% to own shares valued at nearly $49 million.
Bullish Signals
Q2 EPS of $0.56 beat consensus.
Revenue grew 5.6% YoY to $6.59B.
Risk Factors
Q2 revenue of $6.59B missed $6.70B consensus.
Wells Fargo lowered price objective to $3,500.
Mizuho downgraded to neutral with $3,000 target.
Citigroup cut price objective to $3,450.
Robert W. Baird reduced target to $3,400.
Bullish Signals
AutoZone reported Q2 EPS of $0.56, which beat the consensus estimate of $0.54.
AutoZone (AZO) reported fourth-quarter earnings that beat analyst expectations for EPS by $1.75, reaching $56.05 compared to a consensus of $54.30. However, the company missed revenue guidance, reporting net sales of $6.6 billion against an expected $6.71 billion. This mixed result drove AZO shares up 6% in Tuesday trading, recovering from a weak year-to-date performance that had seen the stock down 13% prior to the report.
The market reaction highlighted a divergence between profit margins and top-line growth, with traders interpreting the beat as evidence of maintained execution despite a difficult selling environment. CEO Phil Daniele emphasized that sales strengthened during the final eight weeks of the quarter and reaffirmed the company's commitment to growing both domestic and international businesses. He specifically pointed toward back-half momentum and positioned AutoZone for sales growth in fiscal 2027.
The earnings release triggered a cluster response among rival aftermarket retailers, Advance Auto Parts (AAP) and O'Reilly Automotive (ORLY), which rose 6% and 4% respectively despite not releasing their own quarterly results. Traders extrapolated AutoZone's profit beat to peers competing for commercial installer wallet share and DIY traffic, though analysts caution that sympathy bids may unwind until the other companies confirm similar trends in their own reports.
📈 AutoZone shares rose 6% as Q4 EPS of $56.05 beat the $54.30 consensus.
💰 Net sales hit $6.6 billion, missing the $6.71 billion analyst expectation by $110 million.
🗓️ CEO Phil Daniele highlighted strengthening sales during the final eight weeks of the quarter.
🚀 Management reaffirmed commitment to growing domestic and international businesses through fiscal 2027.
⚠️ Traders view the gain as a recovery from a weak year-to-date base, not a breakout.
📈 AutoZone shares climbed 6% after Q4 EPS of $56.05 beat the $54.30 consensus estimate.
💰 Net sales totaled $6.6 billion, missing the $6.71 billion analyst expectation by approximately $110 million.
🗓️ The quarter ended August 29, with CEO Phil Daniele noting strengthening sales in the final eight weeks.
🚀 Management reaffirmed commitment to strategies for growing domestic and international businesses through fiscal 2027.
🤝 Rivals Advance Auto Parts and O'Reilly Automotive rose 6% and 4% respectively on a read-across of AutoZone's results.
⚠️ Traders view the stock move as a recovery from a weak year-to-date base rather than a fresh breakout.
📉 The revenue miss suggests real traffic challenges that a strong margin line does not fully erase.
🔍 Analysts warn that sympathy bids into peers may fade until they release their own quarterly numbers.
Bullish Signals
Q4 EPS beat by $1.75 at $56.05 vs $54.30 consensus.
Risk Factors
Revenue missed by $110M at $6.6B vs $6.71B consensus.
Stock rose 6%, recovering from 13% YTD decline.
Bullish Signals
AutoZone beat Q4 EPS by $1.75, reporting $56.05 per share versus a consensus of $54.30.
CEO Phil Daniele stated that sales strengthened over the final eight weeks despite a difficult early quarter.
Management remains committed to executing strategies to grow both domestic and international businesses.
The company is well positioned for sales growth in fiscal 2027 according to executive guidance.
Risk Factors
AutoZone missed revenue expectations by $110M, reporting $6.6B in net sales versus a $6.71B consensus.
The stock is up only 6% after the report, which is viewed as a recovery from a 13% year-to-date decline rather than a breakout.
AutoZone (AZO) trades at a valuation discount compared to its primary rival, O'Reilly Automotive, with a price-to-earnings multiple of 20.2 versus 28.0 for the latter over comparable periods. Despite this lower multiple, AutoZone's fundamental business metrics remain competitive, posting sales growth of 7.4% and an operating margin of 18.3%, which are slightly below O'Reilly's respective figures of 8.5% and 19.6%. The stock has underperformed its peers over the past year, losing 12.9% in total return compared to a 4.7% loss for O'Reilly.
AutoZone is currently shifting its growth strategy away from traditional do-it-yourself (DIY) customers toward professional clients and new store openings. In the fiscal fourth quarter ended August 29, 2026, domestic commercial sales to professional customers rose 8.6%, while same-store sales for DIY shoppers fell 0.6%. Management attributes this shift to DIY customers trading down and delaying repairs, resulting in fewer visits despite a roughly 5% increase in average ticket size per visit.
The retailer executed an aggressive expansion plan in fiscal 2026, opening 374 stores, the most in a single year, alongside operating 172 Mega Hub locations focused on commercial growth. While these new locations are running slightly ahead of sales and profit plans, management acknowledges that rapid store openings have pressured returns on capital. For fiscal 2027, AutoZone forecasts flat to low single-digit domestic same-store sales growth with a 4% increase in average ticket, expecting faster expansion from the professional customer segment.
Analysts view the lower valuation as reflecting concerns that existing stores will continue to lose DIY traffic while the company incurs costs for new locations. Management expects returns on capital to rise as new stores mature, but the stock's performance hinges on whether same-store sales can stabilize in the first quarter of fiscal 2027, which is expected to be reported in December 2026.
📉 AutoZone trades at lower P/E multiple than O'Reilly due to growth concerns.
📈 Domestic commercial sales rose 8.6% in Q4 fiscal 2026 driving revenue.
🏗️ Company opened 374 stores in fiscal 2026, hitting record annual count.
💰 Operating margin was 18.3%, finishing below O'Reilly's 19.6%.
🔮 Management forecasts flat to low single-digit same-store sales for fiscal 2027.
📉 AutoZone trades at a lower P/E multiple of 20.2 compared to O'Reilly Automotive's 28.0, reflecting investor concerns about its growth trajectory.
📈 Domestic commercial sales to professional customers rose 8.6% in the fiscal fourth quarter ended August 29, 2026, driving overall revenue growth.
📉 Same-store sales for do-it-yourself shoppers fell 0.6% in the same period as fewer customers visited existing locations.
🏗️ AutoZone opened 374 stores in fiscal 2026, its highest annual store count on record, focusing on new locations and Mega Hubs.
💰 Operating margin was 18.3%, finishing just below O'Reilly's 19.6% despite similar sales growth rates.
📊 Total return for AutoZone shares was -12.9% in the year to November 3, 2026, underperforming O'Reilly's -4.7% loss.
🔮 Management forecasts domestic same-store sales to be flat to low single digits for fiscal 2027 with a 4% average ticket increase.
⚠️ Rapid store expansion has pressured returns on capital, though management expects improvement as new locations mature.
📅 The first quarter of fiscal 2027 is expected in December 2026 and will be critical for assessing same-store sales stability.
Bullish Signals
Domestic commercial sales rose 8.6% in fiscal Q4 2026.
Risk Factors
DIY same-store sales fell 0.6% in Q4 fiscal 2026.
Management admitted same-store growth of 1.5% was lower than desired.
Shares lost 12.9% vs peers, underperforming over the past year.
Faster openings pressured returns on capital, dragging financial performance.
Bullish Signals
AutoZone's domestic commercial sales to professional customers rose 8.6% year-over-year in the fiscal fourth quarter ended August 29, 2026.
The retailer opened 374 stores in fiscal 2026, the most it has ever opened in a single year, with new locations running slightly ahead of plans.
Average ticket size for do-it-yourself customers increased roughly 5% despite fewer visits, indicating higher spending per transaction.
AutoZone operates 172 Mega Hub stores which management identifies as a key component of its commercial growth strategy.
Risk Factors
Domestic do-it-yourself same-store sales fell 0.6% in the fiscal fourth quarter ended August 29, 2026, signaling weakness in the traditional customer base.
Management admitted that same-store sales growth of 1.5% was lower than desired, reflecting a shift away from existing locations.
AutoZone shares underperformed peers over the past year, losing 12.9% in total return compared to O'Reilly's 4.7% loss.
Faster store openings have pressured returns on capital, creating a short-term drag on financial performance as new locations mature.
Company updateCustomer growthEarnings reportAI-generated analysis
AutoZone (AZO) stock trades at a P/E ratio of 19.8x, down from the S&P 500 median of 22.8x, following a 17.5% share price decline over the past year while the broader market gained 13.3%. The company reported revenue growth of 7.4% in fiscal 2026 compared to 2.4% the prior year, with free cash flow increasing to $1.82 billion from $1.79 billion. However, operating margins have contracted over two years, dropping to 18.3% in fiscal 2026 from 20.5% in fiscal 2024, as the retailer accelerates its store expansion strategy.
The divergence in customer behavior is a central theme for AutoZone's performance. Sales to professional repair shops grew nearly 11% in fiscal 2026 to approximately $5.8 billion, driven by better parts availability and expanded Mega Hub coverage. Conversely, do-it-yourself (DIY) same-store sales fell 0.6% in the fourth quarter of fiscal 2026 as customers defer purchases and trade down. This shift forces the company to rely on commercial growth to offset stagnation in its consumer segment.
AutoZone is currently executing a significant capital allocation push, planning approximately $1.65 billion in spending for fiscal 2027 to open roughly 400 new stores. Management acknowledges that returns on capital are pressured during this build-out phase, with new stores expected to earn little return in their first year before reaching target metrics by years four and six. The company's profitability is also sensitive to non-cash inventory charges, which masked a slower underlying profit growth of 4.4% compared to sales growth in the most recent quarter.
Investors are betting on AutoZone's ability to restore margins as new stores mature while maintaining strong commercial sales growth. The upcoming fiscal Q1 2027 report in December 2026 will be critical for assessing domestic commercial sales velocity and operating profit margins, particularly following the departure of CFO Jamere Jackson on November 25, 2026, who is moving to become FedEx's finance chief.
📉 Stock down 17.5% with P/E of 19.8x, below S&P 500 median.
🛠️ Domestic commercial sales grew 11% to $5.8 billion in fiscal 2026.
📉 DIY same-store sales fell 0.6% as customers trade down.
💰 Free cash flow rose to $1.82 billion in fiscal 2026.
⚠️ Operating margins dropped to 18.3% after two years of decline.
📉 AutoZone stock has lost 17.5% over the past year while trading at a P/E of 19.8x, significantly below the S&P 500 median of 22.8x.
🛠️ Domestic commercial sales grew nearly 11% in fiscal 2026 to $5.8 billion, driven by improved parts availability and Mega Hub coverage.
📉 DIY same-store sales declined 0.6% in Q4 fiscal 2026 as customers defer purchases and trade down to cheaper alternatives.
💰 Free cash flow increased to $1.82 billion in fiscal 2026, up from $1.79 billion the previous year.
📉 Operating margins have shrunk two years running, falling to 18.3% in fiscal 2026 from 20.5% in fiscal 2024.
🏗️ AutoZone plans approximately $1.65 billion in capital spending for fiscal 2027 to open roughly 400 new stores.
⚠️ New store openings pressure returns on capital, with management expecting a return of about 15% by the end of a store's fourth year.
📅 CFO Jamere Jackson is leaving AutoZone on November 25, 2026, to become FedEx's finance chief.
🔍 The upcoming fiscal Q1 2027 report in December 2026 will provide the next reading on domestic commercial sales growth and operating profit margins.
Operating margins dropped to 18.3% in fiscal 2026.
DIY same-store sales fell 0.6% in Q4 fiscal 2026.
New stores earn roughly nothing in their first year.
Profit growth of 4.4% lagged sales due to inventory charge.
Bullish Signals
Domestic commercial sales grew almost 11% in fiscal 2026 to just under $5.8 billion, driven by better parts availability and expanded Mega Hub coverage.
Free cash flow edged up to $1.82 billion from $1.79 billion in the prior year despite margin compression.
New store openings are slightly ahead of expected sales and operating profit contributions according to management.
Operating margins rose to 20.0% in Q4 fiscal 2026, excluding a one-time $96 million tariff refund.
Risk Factors
Operating margins have shrunk two years running, dropping to 18.3% in fiscal 2026 from 20.5% in fiscal 2024.
DIY same-store sales fell 0.6% in Q4 fiscal 2026 as customers defer purchases and trade down.
Accelerated store growth to 374 new locations in fiscal 2026 has pressured returns on capital, with new stores earning roughly nothing in their first year.
Underlying operating profit growth of 4.4% was slower than the 5.6% rise in sales due to a non-cash inventory charge.
Company updateCustomer growthAI-generated analysis
AutoZone (AZO) is analyzing a potential 30% stock price increase driven by the significant growth of its commercial repair-shop business, which now accounts for 29% of total sales. In fiscal Q4 2026, domestic commercial sales reached $1.9 billion, growing 8.6% year-over-year, while same-store sales to do-it-yourself customers in the U.S. declined by 0.6%. This divergence highlights a strategic shift where professional mechanic parts are becoming a more critical revenue driver compared to the traditional retail auto parts sector.
Management projects continued expansion in the commercial segment for fiscal 2027, expecting domestic same-store sales to remain flat to low single digits while commercial sales grow at a high single-to-low double-digit rate. To support this growth, AutoZone plans to invest approximately $1.65 billion in capital spending during fiscal 2027, focusing on opening new hubs and Mega Hub stores. The company currently operates 172 Mega Hub locations and aims to reach roughly 300 over the next three years, despite acknowledging that new stores typically generate zero return on capital in their first year.
The primary risk identified is the potential for AutoZone to incur high capital costs before the commercial growth fully materializes, especially if sales to repair shops slow down. Additionally, the company faces headwinds from inflation causing customers to defer purchases or trade down within the do-it-yourself segment. A change in leadership at the finance level adds another layer of uncertainty, as Chief Financial Officer Jamere Jackson resigned effective November 25, 2026, prompting an external search for a successor ahead of the next earnings report expected in December 2026.
📈 Commercial sales grew 8.6% YoY to $1.9B in fiscal Q4 2026.
📉 DIY same-store sales fell 0.6% due to high inflation pressures.
🏗️ Plans $1.65B capital spend for fiscal 2027 to expand Mega Hub stores.
⚠️ New stores earn zero return in year one, pressuring overall returns.
👔 CFO Jamere Jackson resigned effective November 25, 2026.
📈 AutoZone's domestic commercial sales to repair shops grew 8.6% year-over-year in fiscal Q4 2026, reaching $1.9 billion and representing 29% of total sales.
📉 Same-store sales to do-it-yourself customers in the U.S. fell 0.6% in the same quarter as customers face high inflation and trade down.
🏗️ Management plans to invest around $1.65 billion in capital spending for fiscal 2027 to accelerate store growth, including expanding from 172 to roughly 300 Mega Hub stores.
📅 For fiscal 2027, AutoZone expects domestic same-store sales to be flat to low single digits while commercial sales grow at a high single-to-low double-digit rate.
⚠️ The company acknowledges that new stores earn roughly zero return on capital in their first year, pressuring overall returns on invested capital during the expansion phase.
👔 Chief Financial Officer Jamere Jackson resigned effective November 25, 2026, and AutoZone has begun an external search for a successor ahead of the December 2026 earnings report.
📊 Over the five years to October 2026, AutoZone stock rose 77%, underperforming peers O'Reilly Automotive (117%) and Penske Automotive (127%).
🔍 The company holds a 5%-6% share of an estimated $100 billion commercial parts business, indicating significant room for expansion.
🛠️ Growth in the repair-shop segment is driven by better parts availability, increased hub coverage, and faster delivery to professionals.
Bullish Signals
Domestic commercial sales grew 8.6% YoY in Q4 2026 to $1.9B.
Management expects high single-to-low double-digit growth for fiscal 2027.
Holds 5%-6% share of $100B commercial parts business with expansion room.
Expanding distribution network with faster delivery and increased hub coverage.
Risk Factors
DIY sales fell 0.6% in Q4 2026 due to high inflation.
$1.65B capital spend risks growth before sales materialize.
New stores earn zero return on capital in first year.
CFO resignation ahead of critical December 2026 earnings.
Bullish Signals
Domestic commercial sales to repair shops grew 8.6% year-over-year in fiscal Q4 2026, reaching $1.9 billion and accounting for 29% of total sales.
Management expects domestic commercial sales to grow at a high single-to-low double-digit rate in fiscal 2027 despite flat same-store retail sales.
AutoZone holds a 5%-6% share of an estimated $100 billion commercial parts business, suggesting substantial room for future expansion.
The company is expanding its distribution network with faster delivery to professionals and increased hub and Mega Hub coverage.
Risk Factors
Same-store sales to do-it-yourself customers in the U.S. fell 0.6% in fiscal Q4 2026 as customers face high inflation and trade down.
Management plans to invest approximately $1.65 billion in capital spending for fiscal 2027, risking paying for growth before commercial sales fully materialize.
New stores are expected to earn roughly zero return on capital in their first year, pressuring overall returns on invested capital during the expansion phase.
The company faces a leadership transition with CFO Jamere Jackson resigning effective November 25, 2026, ahead of the critical December 2026 earnings report.
AutoZone reported Q4 2026 earnings with revenue of US$6.6 billion and basic EPS near US$57, representing a 14% year-over-year increase. However, the company faces significant balance sheet concerns, including high debt levels and negative shareholders' equity, which contrast with the modest 1.5% decline in its share price following the release.
While AutoZone continues to expand its footprint by opening 175 locations, including 16 Mega Hubs, same-store sales growth slowed to 3.2% compared to 3.9% in the prior year. Operating expenses grew at an accelerated pace of 8.9%, contradicting management's earlier guidance that SG&A would not re-accelerate, as per-store spending returned to a 4% growth rate.
The domestic DIY market showed signs of weakness with comparable sales declining and traffic falling more than 5%, forcing ticket size growth to drive overall revenue. Despite these operational headwinds and the strain on profitability margins, analysts suggest the stock could be undervalued based on discounted cash flow models, though investors remain cautious about the quality of earnings amidst softer consumer trends.
📉 Q4 revenue hit $6.59B but same-store sales growth slowed to 3.2%.
💰 EPS rose 14% to $57.17 despite margin compression and high debt.
🏗️ Opened 175 new locations with commercial sales up 8.6%.
⚠️ Operating expenses grew 8.9%, breaching management's expense control guidance.
📉 Core DIY comparable sales declined while store traffic fell over 5%.
📉 AutoZone Q4 revenue reached US$6.59 billion, up 5.6% year-over-year, but same-store sales growth decelerated to 3.2% from 3.9%.
💰 Basic earnings per share increased by roughly 14% to US$57.17, driven by a net income rise to US$931.6 million despite margin compression.
🏗️ The company opened 175 new locations including 16 Mega Hubs, with commercial sales rising 8.6% in Q4 to support expansion economics.
⚠️ Operating expenses grew 8.9% and per-store SG&A accelerated back to 4% growth, violating management's prior guidance on expense control.
📉 Domestic DIY comparable sales declined while store traffic fell more than 5%, indicating weakness in the core consumer segment.
💸 AutoZone carries high debt and negative shareholders' equity, raising concerns about balance sheet strength despite strong top-line growth.
🔍 Analysts note a disconnect between the stock's modest price dip and the underlying financial strain revealed by the earnings report.
Bullish Signals
Q4 revenue reached US$6.59 billion, up 5.6% year-over-year.
Basic EPS jumped 14% to US$57.17 with net income at US$931.6 million.
Commercial sales rose 8.6% in Q4; Mega Hub programs sell 16% more.
Risk Factors
Same-store sales growth slowed to 3.2% from 3.9%.
Domestic DIY comparable sales declined with traffic down >5%.
High debt levels and negative shareholders' equity.
Bullish Signals
AutoZone reported Q4 revenue of US$6.59 billion, a 5.6% increase year-over-year, demonstrating resilient top-line performance.
Basic EPS surged approximately 14% to US$57.17, with net income climbing to US$931.6 million despite challenging market conditions.
The expansion strategy is yielding results in the commercial channel, where sales rose 8.6% in Q4 and programs tied to Mega Hubs sell 16% more than standard offerings.
Risk Factors
Same-store sales growth slowed significantly to 3.2% from 3.9% in the prior year, indicating weakening organic demand.
Domestic DIY comparable sales declined and store traffic dropped more than 5%, forcing reliance on ticket size growth to offset volume losses.
Operating expenses grew 8.9% and per-store SG&A accelerated to 4% growth, directly contradicting management's guidance that expenses would not re-accelerate.
The company faces substantial balance sheet risks characterized by high debt levels and negative shareholders' equity.
AutoZone (AZO) is facing investor concerns regarding potential flat store sales as do-it-yourself customers defer repairs and trade down. While overall domestic same-store sales grew 1.6% in the latest quarter, fiscal fourth-quarter 2026 data revealed a 0.6% decline specifically for DIY customers, offset by an 8.6% increase in commercial sales. Management anticipates flat to low single-digit growth for full-year fiscal 2027, with the bottom of their guidance range representing a year of flat store sales.
The financial implications of this slowdown are significant, particularly regarding operating margins and capital allocation. Operating margin slipped to 18.0% in the twelve months ending May 9, 2026, down from 20.7% a year prior, driven by rising selling, general, and administrative costs expected to rise roughly 4% in fiscal 2027. Furthermore, management plans to invest approximately $1.65 billion in new stores for fiscal 2027; if free cash flow remains near the $3.07 billion generated in the prior twelve months, it would leave insufficient funds to support a $2 billion buyback program.
Despite these headwinds, AutoZone maintains defensive characteristics and growth avenues. The company demonstrated resilience during recent market shocks, falling less than the S&P 500 in three of four instances, and holds a strong interest coverage ratio of 7.5 times. Commercial sales, which grew nearly 11% in fiscal 2026, provide a substantial cushion with expectations for high single-to-low double-digit growth in fiscal 2027. The company plans to open approximately 400 new stores in fiscal 2027, continuing expansion regardless of performance at existing locations.
Market attention will focus on the next earnings report expected in early December 2026, which covers the quarter where management guided for relatively flat same-store sales. Investors are closely watching domestic DIY same-store sales figures to determine if the company hits the bottom of its guidance range. The divergence between struggling DIY transactions and growing commercial revenue remains a key dynamic for AutoZone's near-term performance.
💰 Operating margin dropped to 18.0% from 20.7% prior year.
💸 $1.65B store investment may strain cash flow if sales flat.
🛒 Buyback program exceeded free cash flow by over $200M.
📉 Domestic same-store sales to do-it-yourself customers fell 0.6% in fiscal fourth-quarter 2026, signaling a slowdown in the core retail segment.
📈 Commercial sales grew 8.6% in the same quarter, providing a counterbalance to the decline in the DIY sector.
📊 Management expects full-year fiscal 2027 domestic same-store sales to be flat to low single digits, with the bottom of guidance representing flat growth.
💰 Operating margin declined to 18.0% in the twelve months ending May 9, 2026, from 20.7% a year prior.
🏗️ Selling, general, and administrative costs per store are expected to rise roughly 4% in the first quarter of fiscal 2027.
💸 Management plans to invest around $1.65 billion in new stores for fiscal 2027, potentially straining cash flow if sales remain flat.
🛒 The company's $2 billion buyback program from fiscal 2026 exceeded the roughly $1.8 billion free cash flow generated that year.
🛡️ AutoZone stock fell only 13.0% during the 2022 inflation shock, outperforming the S&P 500's 24.0% decline.
💳 The company maintains a strong interest coverage ratio of 7.5 times based on operating income through May 9, 2026.
🚀 Commercial sales are expected to grow high single-to-low double digits in fiscal 2027, totaling just under $5.8 billion.
🏬 AutoZone plans to open approximately 400 new stores in fiscal 2027, an increase from the 374 opened in fiscal 2026.
📅 The next earnings report is expected in early December 2026, covering the quarter with flat same-store sales guidance.
Bullish Signals
Commercial sales grew nearly 11% in fiscal 2026.
Sales expected high single-to-low double digits in fiscal 2027.
Fell less than S&P 500 in three of four instances.
Strong interest coverage ratio of 7.5 times.
Plans to open approximately 400 new stores in fiscal 2027.
Risk Factors
DIY same-store sales fell 0.6% in Q4 2026 due to deferred repairs.
Bullish Signals
Commercial sales grew nearly 11% in fiscal 2026 and are expected to grow high single-to-low double digits in fiscal 2027, providing a growing business cushion.
The company demonstrated resilience during recent market shocks, falling less than the S&P 500 in three of four instances over the past few years.
AutoZone maintains a strong interest coverage ratio of 7.5 times, indicating operating income is well-covered by interest expense.
Management plans to open approximately 400 new stores in fiscal 2027, continuing physical expansion regardless of performance at existing locations.
Risk Factors
Domestic same-store sales to do-it-yourself customers fell 0.6% in the fiscal fourth quarter of 2026 due to customers deferring repairs.
Operating margin slipped to 18.0% in the twelve months ending May 9, 2026, down from 20.7% a year prior.
Selling, general, and administrative costs per store are expected to rise roughly 4% in the first quarter of fiscal 2027.
Management plans to invest around $1.65 billion in new stores for fiscal 2027, which may strain cash flow if free cash generation remains flat.
The company's previous $2 billion buyback program exceeded the roughly $1.8 billion free cash flow generated in fiscal 2026.
Advance Auto Parts (AAP) shares plummeted 21% to $44.33 following its Q2 2026 earnings report, which paired a headline EPS beat with a significant revenue miss and negative comparable sales. The company reported adjusted diluted EPS of $1.03, surpassing the $0.81 consensus by 27.9%, but this outperformance was heavily driven by a one-time $26 million tariff refund contributing $0.31 per share. Meanwhile, core revenue of $2 billion fell short of the $2.04 billion estimate, and comparable store sales declined 0.5% year over year.
The decline in AAP stock reflects broader concerns about softening consumer demand within the auto parts sector, particularly among DIY shoppers facing tighter household budgets. While AAP's Pro channel delivered low-single-digit growth and underlying operating margins expanded to 5.6%, the company trimmed its full-year store opening guidance from 40-45 to 30-35 locations. Additionally, the consensus for full-year net sales was raised slightly below AAP's own reaffirmed guidance, indicating a cautious market outlook despite the earnings beat.
Management highlighted that DIY channel weakness was more severe than anticipated in the final four weeks of the quarter, with macroeconomic factors like high gasoline prices and low consumer sentiment squeezing lower- and mid-tier consumers. Despite constructive operational metrics such as improved net-debt leverage to 2.1 times and a positive swing in year-to-date free cash flow to $120 million, investors are discounting these wins due to the negative demand signal. The stock's sharp drop contrasts with peers like AutoZone and O'Reilly, which fell less severely despite similar sector-wide headwinds.
📉 AZO shares fell as Q2 revenue missed estimates and comparable sales declined.
💰 EPS beat driven by a one-time $26M tariff refund of $0.31/share.
🏗️ Full-year store opening guidance trimmed to 30-35 locations from 40-45.
💵 Underlying adjusted operating margin expanded over 250 basis points to 5.6%.
📉 Full-year net sales guidance lowered below the $8.58B market consensus.
📉 AAP shares crashed 21% to $44.33 after Q2 revenue of $2B missed the $2.04B estimate and comparable sales fell 0.5%.
💰 Headline EPS beat of $1.03 vs $0.81 consensus was largely driven by a non-recurring $26M tariff refund ($0.31/share).
📉 DIY channel sales weakened sharply in the final four weeks, constraining total enterprise performance more than expected.
🏗️ Management trimmed full-year store opening guidance to 30-35 locations from a previous range of 40-45.
💵 Underlying adjusted operating margin expanded over 250 basis points year-over-year to 5.6%.
💧 Year-to-date free cash flow swung positive to $120M, improving from an outflow in the prior year.
📉 Full-year net sales guidance of $8.485B-$8.575B sits below the $8.58B market consensus.
🏭 Distribution-center consolidation completed with 15 DCs down from nearly 40, improving efficiency.
📉 Net-debt leverage improved to 2.1 times from 2.4 times last quarter, strengthening the balance sheet.
📉 Pro channel delivered low-single-digit growth, performing in line with expectations despite DIY weakness.
Bullish Signals
Shares fell only 4% to $2,961, showing resilience.
Peers plunged 21% while AZO remained stable amid soft demand.
Risk Factors
Shares dropped 4% amid softening DIY demand.
Sector spooked by tighter household budgets.
Bullish Signals
AutoZone shares fell only 4% to $2,961, demonstrating relative resilience compared to Advance Auto Parts' 21% plunge.
The broader auto parts sector shows that peers like AutoZone are not experiencing the same proportional hit as AAP despite softening DIY demand.
Risk Factors
AutoZone shares dropped 4% to $2,961 as the company faces a group-level reaction to softening do-it-yourself demand.
The auto parts sector is spooked by tightening household budgets hitting DIY shoppers harder than anticipated.
AutoZone Inc. (NYSE: AZO) is set to report quarterly results on Tuesday morning following a strong performance that added over 36% to its share price in the past year, culminating in a new 52-week high. The company recently authorized an additional $2.5 billion in share repurchases, continuing a aggressive buyback strategy since fiscal 2018 that has reduced shares outstanding from 27 million to 20 million while increasing stock-based compensation costs.
Analysts covering AutoZone maintain a predominantly bullish stance with 16 Buy or Strong Buy ratings against six Hold ratings. At a recent share price of approximately $2,553, the stock trades above the median price target of $2,475, offering potential upside to high targets around $2,850. The company does not pay a dividend but has delivered a total shareholder return of 36.7% over the past year, driven largely by an 8.76% buyback yield.
Looking ahead to the first quarter of fiscal 2023, analysts forecast revenue of $3.86 billion, representing a sequential decline but a 5.2% year-over-year increase. Adjusted EPS are expected to reach $25.54, reflecting a significant sequential drop but a 14.7% gain year over year. The stock currently trades at 20.6 times expected 2023 earnings and is projected to trade at lower multiples in subsequent years as growth moderates.
AutoZone's financial profile includes a valuation of 17.8 times estimated 2024 earnings and 16.1 times estimated 2025 earnings, with a 52-week trading range between $1,703.32 and $2,610.05. The company operates in a highly seasonal business where roughly 30% of revenue and over 35% of EPS are generated in the fourth quarter, making upcoming reports critical for assessing annual performance trends.
📈 Shares surged 36% YTD to hit new 52-week high near $2,553.
💰 Authorized additional $2.5 billion share repurchase program since 2018.
📊 Trades at 20.6x expected 2023 earnings and 17.8x estimated 2024 earnings.
🎯 16 of 24 analysts hold Buy/Strong Buy with $2,475 median target.
💵 Q1 EPS forecast $25.54, up 14.7% year over year sequentially down.
📈 AutoZone shares have surged over 36% in the past year, recently hitting a new 52-week high near $2,553.
💰 The company authorized an additional $2.5 billion share repurchase program on top of existing buybacks since 2018.
📉 Analysts forecast Q1 fiscal 2023 revenue of $3.86 billion, down 27.9% sequentially but up 5.2% year over year.
💵 Expected adjusted EPS for the upcoming quarter is $25.54, reflecting a 14.7% year-over-year increase despite sequential weakness.
📊 The stock trades at 20.6 times expected 2023 earnings and 17.8 times estimated 2024 earnings of $143.79 per share.
🎯 Of 24 analysts covering the stock, 16 hold Buy or Strong Buy ratings with a median price target of $2,475.
📉 AutoZone does not pay a dividend but has delivered a total shareholder return of 36.7% over the past year.
🗓️ The company reports quarterly results on Tuesday morning, with Q1 revenue and EPS being highly seasonal metrics.
Bullish Signals
Shares gained 36% in 12 months, hitting new 52-week high.
AutoZone shares have added more than 36% to their price over the past 12 months, recently posting a new 52-week high.
The company authorized an additional $2.5 billion share repurchase program, continuing a decade-long trend of reducing shares outstanding from 27 million to 20 million since fiscal 2018.
Of the 24 analysts covering the stock, 16 have issued Buy or Strong Buy ratings, indicating strong institutional confidence.
The stock currently trades above its median price target of $2,475 at a recent share price of around $2,553.
Analysts forecast adjusted EPS of $25.54 for the upcoming quarter, representing a 14.7% year-over-year increase despite sequential declines.
The company has delivered a total shareholder return of 36.7% over the past year, driven by an 8.76% buyback yield.
Risk Factors
Analysts forecast Q1 fiscal 2023 revenue of $3.86 billion, which represents a significant 27.9% sequential decline from the previous quarter.
The company does not pay a dividend to shareholders, relying entirely on capital appreciation and buybacks for total return.
AutoZone (AZO) faces a downward revision in its modeled fair value, dropping from approximately $3,867.91 to $3,708.71, representing a 4.1% reduction. Analysts attribute this shift primarily to softer comparable sales in the fourth quarter and increased pressure within the Do It Yourself (DIY) channel. Despite these headwinds, the company continues to pursue strategic growth initiatives, including expansion into commercial and professional segments, store development, and investments in supply chain technology.
Market sentiment remains mixed as major financial institutions adjust their outlooks. While firms like Raymond James, BMO Capital, and TD Cowen maintain positive ratings but trim price targets, citing ongoing share gains in commercial segments, others have adopted a more cautious stance. Bernstein initiated coverage with an Outperform rating, highlighting the fragmented nature of the auto parts aftermarket as an opportunity for AutoZone to capture market share through its 'Do It For Me' services.
Specific modeling assumptions have been tightened to reflect the current economic environment. Revenue growth expectations were lowered from 7.59% to 6.94%, while net profit margin assumptions eased from 13.17% to 12.82%. The future P/E multiple used in valuation models decreased slightly to 22.29x, and the discount rate remained stable at roughly 8.81%. Key risks identified include foreign exchange headwinds, tariffs on China-sourced SKUs, inflation-driven ticket pressure, and potential margin erosion from higher SG&A expenses if sales growth falters.
📉 Fair value dropped 4.1% to $3,708.71 due to revised analyst assumptions.
🛠️ Q4 comparable sales face pressure from softer DIY customer channel demand.
📈 Commercial and professional segments remain key growth drivers despite retail headwinds.
🏗️ Expansion continues via new stores, Mega Hubs, and international openings.
⚠️ Risks include FX headwinds, China tariffs, and inflation-driven ticket pressure.
📉 AutoZone's modeled fair value decreased by approximately 4.1%, falling from $3,867.91 to $3,708.71 due to updated analyst assumptions.
🛠️ The company is facing softer comparable sales in Q4 and significant pressure within the Do It Yourself (DIY) customer channel.
📈 Analysts highlight continued share gains in commercial and professional segments as a key growth driver despite broader retail headwinds.
🏗️ AutoZone is actively expanding its footprint through new store locations, Mega Hub developments, and international store openings.
💻 Strategic investments in supply chain technology are expected to mature and provide long-term benefits to operational efficiency.
📉 Revenue growth assumptions were revised downward from 7.59% to 6.94% reflecting the softer macroeconomic environment.
💰 Net profit margin expectations were adjusted lower, moving from 13.17% to 12.82% in updated financial models.
📊 Bernstein initiated coverage with an Outperform rating and a $3,698 price target, citing opportunities in the fragmented aftermarket.
⚠️ Key risks include foreign exchange headwinds, tariffs on China-sourced SKUs, and inflation-driven ticket pressure affecting margins.
🏦 Major banks including JPMorgan, Wells Fargo, and Citi view the current valuation as attractive or modest following the stock pullback.
Bullish Signals
Commercial segments gain offsets DIY weakness.
Bernstein Outperform rating with $3,698 target.
Tech investments and expansion drive growth.
Risk Factors
Fair value cut 4.1% to $3,708.71 due to softer Q4 sales.
Revenue growth lowered from 7.59% to 6.94% amid slowdown.
FX headwinds, China tariffs, and higher SG&A risk margins.
Bullish Signals
Analysts note ongoing share gains in commercial and professional segments, which are viewed as a counterbalance to DIY weakness.
Bernstein initiated an Outperform rating with a $3,698 target, identifying the fragmented auto parts aftermarket as a key area for gaining market share.
Strategic investments in supply chain technology and ongoing store expansion are expected to mature and support future earnings growth.
Risk Factors
Modeled fair value was reduced by 4.1% to $3,708.71 due to softer Q4 comparable sales and pressure in the DIY channel.
Revenue growth assumptions were lowered from 7.59% to 6.94%, indicating a slowdown in expected top-line expansion.
Analysts cite foreign exchange headwinds, tariffs on China-sourced SKUs, and higher SG&A as risks that could weigh on margins.
As of October 3, 2026, AutoZone Inc. (AZO) trades at $2,792.32, which is below its 50-day average of $2,963.66 and 200-day average of $3,296.68. Technical indicators show a bearish RSI of 33 and negative MACD momentum, suggesting continued downward price pressure despite the stock trading in line with CleaRank Financial AI's fair value estimate.
Fundamental performance for the quarter ending June 2026 was mixed; AutoZone exceeded earnings per share (EPS) estimates by 6.19%, triggering a positive short-term stock reaction. However, insider activity reveals a significant lack of confidence from management, with insiders selling over $205.8 million in stock compared to only $1.7 million in purchases.
Analyst sentiment remains cautiously optimistic, with a consensus of 27 analysts maintaining a 'Buy' rating and a median price target of $3,605.00, implying potential upside if the company can overcome current technical headwinds. Long-term simulations project a base case growth to approximately $4,151 by 2030, though downside scenarios could see prices drop near $2,072.
AutoZone Inc. reported strong fiscal 2026 results with GAAP net sales reaching USD 20.3 billion, representing a 7.40% increase from the prior year. The company's diluted GAAP earnings per share rose 5.30% to USD 152.55, driven by robust performance in its commercial sector and continued store expansion.
Commercial sales emerged as the primary growth engine for the retailer, surging 10.60% to USD 5.76 billion. This segment benefited from increased inventory levels, enhanced delivery capacity, and the strategic rollout of Mega Hub coverage, while domestic same-store sales grew by 3.30%.
Despite the positive operational metrics, AutoZone's stock price dipped slightly on September 29, 2026, following a mixed analyst reaction. Bernstein initiated coverage with an Outperform rating and a USD 3,698 target, citing upside potential in do-it-for-me services, whereas JPMorgan cut its price target to USD 3,700.
Capital allocation remained aggressive with the company utilizing USD 2.0 billion for share repurchases during fiscal 2026. While gross margins expanded to 53.30%, adjusted after-tax return on invested capital declined to 35.80% from 41.30%, reflecting the costs associated with recent expansion efforts.
📈 Fiscal 2026 net sales rose 7.40% to USD 20.3 billion.
💰 Diluted GAAP EPS increased 5.30% to USD 152.55.
🚀 Commercial sales surged 10.60%, driving total growth of 7.40%.
🏗️ Store count reached 8,031 after opening 374 new locations.
📉 Adjusted after-tax return on invested capital fell to 35.80%.
📈 AutoZone reported fiscal 2026 GAAP net sales of USD 20.3 billion, a 7.40% year-over-year increase.
💰 Diluted GAAP EPS rose 5.30% to USD 152.55, driven by strong commercial sector performance.
🚀 Commercial sales surged 10.60% to USD 5.76 billion, serving as the clearest growth engine.
🏗️ The company opened 374 new stores, finishing fiscal 2026 with a total of 8,031 locations.
📉 Domestic same-store sales increased 3.30% for the year alongside commercial expansion.
💸 Gross margin expanded to 53.30%, up 1.82 percentage points from the prior period.
📉 Adjusted after-tax return on invested capital declined to 35.80% from 41.30% due to expansion costs.
🔁 AutoZone utilized USD 2.0 billion for share repurchases during fiscal 2026.
📊 Bernstein initiated coverage with an Outperform rating and a USD 3,698 price target.
⚖️ JPMorgan cut its price target from USD 3,850 to USD 3,700, providing a cautious counterpoint.
📉 AutoZone stock traded at EUR 2,543.00, down 0.70% versus the prior close on September 29, 2026.
Bullish Signals
Net sales rose 7.40% to USD 20.3B.
Diluted EPS grew 5.30% to USD 152.55.
Commercial sales surged 10.60% to USD 5.76B.
Opened 374 new stores for 8,031 total locations.
Gross margin expanded to 53.30%.
Domestic same-store sales increased 3.30%.
Bernstein Outperform rating with USD 3,698 target.
Allocated USD 2.0B for share repurchases.
Risk Factors
Adjusted after-tax return on invested capital declined to 35.80% from 41.30%.
JPMorgan cut price target from USD 3,850 to USD 3,700.
Stock declined 0.70% to EUR 2,543.00 on September 29, 2026.
Bullish Signals
AutoZone reported fiscal 2026 GAAP net sales of USD 20.3 billion, a significant 7.40% increase from USD 18.9 billion in the prior year.
Diluted GAAP EPS rose 5.30% to USD 152.55, demonstrating strong earnings growth despite market fluctuations.
Commercial sales surged 10.60% to USD 5.76 billion, acting as the primary driver of overall revenue expansion.
The company successfully opened 374 new stores during fiscal 2026, expanding its footprint to 8,031 total locations.
Domestic same-store sales increased 3.30% for the year, indicating healthy organic growth in core markets.
Gross margin expanded to 53.30%, an increase of 1.82 percentage points, reflecting improved pricing power or mix.
Bernstein initiated coverage with an Outperform rating and set a USD 3,698 price target, citing upside in do-it-for-me growth.
AutoZone allocated USD 2.0 billion to share repurchases during fiscal 2026, signaling confidence in its financial position.
Risk Factors
Adjusted after-tax return on invested capital declined to 35.80% from 41.30%, suggesting that recent expansion costs are impacting efficiency metrics.
JPMorgan cut its price target from USD 3,850 to USD 3,700, indicating some analysts view the current valuation as less attractive than previously thought.
AutoZone stock declined 0.70% to EUR 2,543.00 on September 29, 2026, following the mixed analyst reaction and recent earnings report.
AutoZone Inc. reported strong fiscal 2026 fourth-quarter results, with net sales reaching USD 6.59 billion, representing a 5.60 percent year-over-year increase. The company's stock traded at USD 2,872.16 on September 25, 2026, reflecting positive market sentiment following the earnings release.
Financial performance for the quarter was robust, with GAAP diluted earnings per share rising to USD 56.05 from USD 48.71 in the prior year's quarter. Same-store sales growth of 2.70 percent demonstrated underlying demand resilience, driven by a 1.60 percent increase in domestic same-store sales.
Full-year fiscal 2026 net sales totaled USD 20.34 billion, up 7.40 percent annually, while diluted earnings per share grew 5.30 percent to USD 152.55. The company expanded its footprint to 8,031 stores across the United States, Mexico, and Brazil by fiscal year-end.
AutoZone also highlighted a milestone achievement on September 10, celebrating the opening of its 8,000th store in Murfreesboro, Tennessee. This expansion underscores the retailer's continued growth strategy and operational scale in the automotive aftermarket sector.
📈 AZO stock closed at USD 2,872.16, gaining 0.36% on Sept 25, 2026.
💰 Fiscal Q4 net sales reached USD 6.59 billion, up 5.60%.
📊 GAAP diluted EPS surged to USD 56.05 from prior quarter.
🛒 Same-store sales grew 2.70% overall with domestic rise of 1.60%.
🏪 AZO operates 8,031 stores across US, Mexico, and Brazil.
📈 AutoZone stock closed at USD 2,872.16 on September 25, 2026, gaining 0.36 percent.
💰 Fiscal Q4 net sales reached USD 6.59 billion, a 5.60 percent year-over-year increase.
📊 GAAP diluted earnings per share surged to USD 56.05, up from USD 48.71 in the prior quarter.
AutoZone, Inc. (AZO) reported strong financial performance for the quarter ending August 29, 2026, with sales rising 5.6% year-over-year and diluted earnings per share increasing by 17.5%. The company demonstrated robust cash generation capabilities, with operating cash flow jumping 19.5% to $1.183 billion and free cash flow surging 33.8% to $684 million. This significant improvement in liquidity reflects the company's ability to maintain high margins amidst rising sales volumes.
Analysts view AutoZone as undervalued, with current stock prices suggesting a potential upside of approximately 28% based on historical metrics and analyst forecasts. Valuation models utilizing free cash flow projections indicate a fair market value between $54.86 billion and $58.86 billion for the coming years, implying a price target range of roughly $3,490 to $3,715 per share. These targets are significantly higher than the current trading price of approximately $2,850.
The bullish sentiment is further supported by AutoZone's forward P/E ratio of 16.6x, which is substantially lower than its five-year average of roughly 20x. Analysts project earnings per share to reach $171.35 for the upcoming fiscal year, suggesting a fair value between $3,427 and $3,838 per share if the company maintains its historical valuation multiples. The consensus view suggests AutoZone stock is trading at a discount relative to both its own history and analyst expectations.
📈 AZO sales rose 5.6% YoY with EPS up 17.5%.
💰 Free cash flow surged 33.8% to $684 million.
📉 Stock trades at 16.6x forward P/E vs 20x average.
🎯 Analyst targets imply ~30% upside from current price.
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.
📈 AZO stock rose 3.26% to $2,848.16 on September 23, 2026.
💰 Quarterly EPS hit $56.05, beating analyst expectations.
📉 Revenue fell to $6.59 billion, missing the $6.70 billion estimate.
📉 Barclays and Robert W. Baird lowered price targets after earnings.
📊 Trading volume surged 149% above the average daily level.
📈 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
Stock gained 3.26% to close at $2,848.16 on September 23, 2026.
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.
AutoZone Inc. (NYSE: AZO) shares rose 6.25 percent in intraday trading on September 22, 2026, closing at USD 2,978.55 before opening higher the next session. The stock traded between USD 2,844.80 and a high of USD 2,999.30, moving significantly above its previous close of USD 2,803.25.
Following the quarterly earnings release on September 22, AutoZone reported fiscal fourth-quarter earnings of USD 56.05 per share and total sales of USD 6.6 billion for the quarter. The company also disclosed annualized sales figures reaching USD 20.3 billion, providing a broader view of its revenue performance for the year.
The stock's strong performance was driven by these positive earnings results, with AutoZone gaining 7.0 percent from the prior close during the session. While the Nasdaq Composite rose modestly by 0.45 percent, AutoZone significantly outperformed the broader index, trading near its 52-week low of USD 2,796.85 but well below its high of USD 4,332.68.
📈 AZO stock surged 7.0% to a high of USD 2,999.30 on Sept 22, 2026.
💰 Q4 earnings beat expectations at USD 56.05 per share for late 2026.
📊 Quarterly sales hit USD 6.6 billion with annualized sales of USD 20.3 billion.
🚀 Shares opened at USD 2,894.25 after a previous close of USD 2,803.25.
📉 Stock traded near its 52-week low of USD 2,796.85 despite strong results.
📈 AutoZone stock gained 6.25 percent intraday on September 22, 2026, reaching a high of USD 2,999.30.
💰 The company reported fiscal fourth-quarter earnings of USD 56.05 per share for the quarter ended in late 2026.
📊 Quarterly sales reached USD 6.6 billion, while annualized sales were reported at USD 20.3 billion.
🚀 Shares opened at USD 2,894.25 after a previous close of USD 2,803.25, representing a 7.0 percent gain.
📉 The stock traded near its 52-week low of USD 2,796.85 despite the strong earnings beat.
🏆 AutoZone outperformed the Nasdaq Composite, which closed up only 0.45 percent on the same day.
Bullish Signals
Stock surged 6.25% on strong Q4 earnings.
Reported quarterly sales of USD 6.6 billion.
Shares gained 7.0% from previous close.
EPS reached USD 56.05, boosting optimism.
Bullish Signals
AutoZone stock surged 6.25 percent intraday following the release of strong fiscal fourth-quarter earnings.
The company reported robust quarterly sales of USD 6.6 billion and annualized sales of USD 20.3 billion.
Shares gained 7.0 percent from the previous close, trading significantly above the prior session's closing price.
AutoZone delivered earnings per share of USD 56.05, driving investor optimism ahead of the open.
AutoZone Inc. (NYSE: AZO) shares fell to a new 52-week low of $2,805.17 at the close on September 21, 2026, marking a 1.75% decline from the prior session. The stock had already dropped 14% year-to-date following an analyst downgrade that significantly impacted investor sentiment ahead of the company's fiscal fourth-quarter earnings release scheduled for the morning of September 22, 2026.
Oppenheimer & Co. reduced its price target on AutoZone from $4,300 to $3,500 while maintaining an 'outperform' rating, a move that contributed to the stock's decline. MarketBeat reported this adjustment on September 21, 2026, noting that the shares traded as low as $2,796.85 during the session with approximately 599,464 shares changing hands.
Analysts are closely awaiting AutoZone's upcoming fiscal fourth-quarter results which are set to be released before the market opens on September 22, 2026. Consensus estimates from Investing.com project earnings of $54.30 per share and revenue of $6.71 billion, with key attention focused on comparable-store sales growth, commercial segment performance, margin expansion, and fiscal 2027 guidance.
The company's stock price action reflects broader market concerns regarding its valuation relative to the new lower analyst target. Investors are watching for any divergence between the lowered price target and the actual financial performance in the upcoming earnings report, which will likely dictate near-term trading direction.
📉 AZO stock hit a new 52-week low of $2,805.17 on September 21, 2026.
📉 Shares fell 14% year-to-date following Oppenheimer's price target cut to $3,500.
📅 AZO will report Q4 results before market open on September 22, 2026.
💰 Analysts expect $54.30 EPS and $6.71 billion revenue for the upcoming quarter.
🔍 Key focus areas include comparable-store sales, commercial growth, margins, and 2027 guidance.
📉 AutoZone stock closed at $2,805.17 on September 21, 2026, hitting a new 52-week low after falling 1.75% from the prior close.
📉 The shares reached an intraday low of $2,796.85 with 599,464 shares traded in the session.
📉 Oppenheimer & Co. cut its price target from $4,300 to $3,500 while maintaining an 'outperform' rating.
📉 AutoZone stock is down 14% year-to-date following the analyst downgrade reported by MarketBeat.
📅 The company will report fiscal fourth-quarter results before the market opens on September 22, 2026.
💰 Analysts expect earnings of $54.30 per share and revenue of $6.71 billion for the upcoming quarter.
🔍 Key focus areas include comparable-store sales, commercial growth, margins, and fiscal 2027 guidance.
Risk Factors
Stock hit new 52-week low of $2,805.17.
Oppenheimer cut price target from $4,300 to $3,500.
Shares down 14% YTD after analyst downgrade.
Risk Factors
AutoZone stock fell to a new 52-week low of $2,805.17 at the close on September 21, 2026.
Oppenheimer & Co. reduced its price target from $4,300 to $3,500 while maintaining an outperform rating.
The stock is down 14% year-to-date following the analyst downgrade reported on September 21, 2026.
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