AutoZone, Inc. (NYSE: AZO) saw a mixed institutional landscape in the first quarter of 2026, with Burney Co. reducing its stake by 9.7% to hold 6,164 shares worth $20.82 million. Conversely, major investors including Norges Bank, Morgan Stanley, Northwestern Mutual, Mitsubishi UFJ, and AQR Capital Management all increased their positions significantly during the fourth quarter or third quarter, with stakes ranging from roughly $263 million to over $1.67 billion.
The company's stock is currently trading at approximately $2,956, presenting a discount against analyst consensus price targets averaging around $4,041. Following a board authorization on June 16th, AutoZone has the capacity to repurchase up to $1.5 billion in shares, representing roughly 3% of its outstanding stock, signaling management's confidence in the asset's value.
Analyst sentiment remains generally positive with a consensus 'Moderate Buy' rating from over twenty-five analysts, though recent price targets have been adjusted downward by Goldman Sachs and Roth Mkm. Corporate insider activity shows mixed signals, with Director Earl G. Graves Jr. selling shares while Director Brian Hannasch acquired a new position.
📈 Morgan Stanley increased position by 17.8% to own $1.67 billion.
💰 Board authorized new buyback plan for up to $1.5 billion.
🎯 Analysts rate 'Moderate Buy' with average price target of $4,040.87.
🏢 Institutional investors collectively own 92.74% of outstanding stock.
📉 Burney Co. reduced its AutoZone stake by 9.7% in Q1 to hold 6,164 shares valued at $20.82 million.
📈 Norges Bank added a new stake worth approximately $939.2 million during the fourth quarter.
📈 Morgan Stanley increased its position by 17.8% to own 492,794 shares valued at $1.67 billion.
📈 Northwestern Mutual Wealth Management Co. grew its stake by 387.1% to hold 77,792 shares worth $263.8 million.
📈 Mitsubishi UFJ Asset Management raised its position by 39.5% to own 176,986 shares valued at $584.7 million.
📈 AQR Capital Management increased its stake by 80.8% in Q3 to hold 101,185 shares worth $432 million.
💰 AutoZone's board authorized a new stock buyback plan allowing the repurchase of up to $1.5 billion in shares.
📊 The stock trades at a market cap of $48.27 billion with a P/E ratio of 20.32 and a beta of 0.33.
🎯 Analyst consensus rating is 'Moderate Buy' with an average price target of $4,040.87 versus the current price near $2,956.
📉 Goldman Sachs lowered its price target from $4,345 to $4,096 while maintaining a 'buy' rating.
📉 Roth Mkm dropped its price objective from $4,526 to $4,023 but retained a 'buy' rating.
👔 Director Earl G. Graves Jr. sold 50 shares for $173,936, reducing his personal holding by 1.02%.
👔 Director Brian Hannasch acquired 165 shares for $492,855, increasing his direct ownership by 15.65%.
🏢 Institutional investors collectively own 92.74% of AutoZone's outstanding stock.
Bullish Signals
Major institutions increased stakes in Q4.
$1.5B buyback authorized by board.
Consensus target $4,040.87 vs current $2,956.
21 of 27 analysts rate stock Buy.
Risk Factors
Goldman Sachs cut target from $4,345 to $4,096.
Roth Mkm lowered objective from $4,526 to $4,023.
Weiss Ratings downgraded stock from 'hold (c+)' to 'hold (c)'.
Director Earl G. Graves Jr. sold 50 shares.
Bullish Signals
Major institutional investors including Norges Bank, Morgan Stanley, and Mitsubishi UFJ have significantly increased their stakes in the fourth quarter, indicating strong confidence in the company's long-term prospects.
The board has authorized a $1.5 billion share buyback program, which often signals that management believes the stock is undervalued relative to its intrinsic worth.
Analysts maintain a consensus 'Moderate Buy' rating with an average price target of $4,040.87, suggesting significant upside potential from the current trading levels near $2,956.
Despite some recent price target reductions by Goldman Sachs and Roth Mkm, the majority of analysts (21 out of 27) hold a 'Buy' or 'Strong Buy' rating on the stock.
Risk Factors
Goldman Sachs recently cut its price target for AutoZone from $4,345 to $4,096, reflecting a more conservative valuation outlook.
Roth Mkm lowered its price objective from $4,526 to $4,023, indicating a reduction in expected upside compared to previous estimates.
Weiss Ratings downgraded the stock's rating from 'hold (c+)' to 'hold (c)', suggesting a slight deterioration in credit or fundamental quality perception.
Director Earl G. Graves Jr. sold 50 shares of his holding, representing a small but notable reduction in insider ownership.
AutoZone, Inc. (AZO) operates as a major US retailer and distributor of replacement automotive parts, maintenance products, and accessories. The company serves both do-it-yourself customers repairing vehicles at home and commercial repair shops, stocking a broad range of items from batteries and brakes to engine parts and tools across thousands of stores in the United States, Mexico, and Brazil.
The business model relies heavily on scale and service availability to match specific parts with various vehicle makes, models, and years quickly. Store employees assist customers with identification, battery testing, and diagnostic code reading, while services like battery installation and tool loan programs reinforce its role as a practical destination for vehicle maintenance. The retailer sells both national brands and private-label products such as Duralast.
For investors, AutoZone's performance is closely tied to vehicle age, miles driven, consumer repair habits, and the health of independent repair shops. While analyst sentiment remains strongly positive with 88% rating the stock a Buy, technical indicators show the price trading below key moving averages, suggesting a weak long-term trend despite supportive MACD momentum.
Insider activity has been mildly supportive, with net buying of approximately $318.9K in AutoZone stock over the last 90 days. However, no recent specific news is linked to the listing, and market data retrieval encountered an API error, leaving the current financial picture reliant on these broader operational and technical signals.
🏢 Operates thousands of stores across US, Mexico, and Brazil.
🔧 Serves DIY and commercial customers with wide parts inventory.
💼 Offers battery testing, diagnostics, and tool loan services.
📈 88% of analysts rate AutoZone as a Buy.
📉 Stock trades below 50-day and 200-day moving averages.
🏢 AutoZone operates thousands of stores across the US, Mexico, and Brazil, supported by regional distribution hubs to ensure quick parts availability.
🔧 The retailer serves both DIY customers and commercial repair shops with a wide inventory including batteries, brakes, filters, and tools.
💼 Store employees provide value-added services like battery testing, diagnostic code reading, and tool loan programs to reinforce customer loyalty.
📈 Analyst sentiment is strongly positive, with 88% of analysts rating AutoZone as a Buy and no recent rating changes recorded.
📉 Technical analysis indicates a weak long-term trend as the stock price trades below both the 50-day and 200-day moving averages.
👔 Insider buying activity was dominant recently, with net purchases of approximately $318.9K over the last 90 days.
🚗 Company performance is intrinsically linked to vehicle age, miles driven, consumer repair habits, and the health of independent repair shops.
📊 MACD momentum signals are supportive despite the neutral RSI reading in the near term.
🛑 No recent specific news events are currently linked to the AutoZone listing.
Bullish Signals
88% of analysts rate AutoZone as a Buy.
Risk Factors
Stock trades below 50-day and 200-day moving averages.
API error suggests potential data availability issues.
Bullish Signals
Analyst sentiment remains strongly positive with 88% of analysts rating AutoZone as a Buy, indicating confidence in the company's long-term prospects.
Insider buying activity was the dominant signal recently, with net purchases of approximately $318.9K over the last 90 days, suggesting management sees value at current levels.
The company maintains a robust operational model serving both DIY and commercial sectors through thousands of stores and specialized distribution hubs.
Risk Factors
Technical indicators show a weak long-term trend as the stock price is currently trading below both the 50-day and 200-day moving averages.
Market data retrieval encountered an API error, which may indicate temporary data availability issues or broader market connectivity problems.
Apollon Wealth Management LLC significantly increased its stake in AutoZone, Inc. (NYSE:AZO) by 107.9% during the first quarter, adding 178 shares to a total holding of 343 shares valued at $1.16 million. This move aligns with other institutional investors like Turning Point Benefit Group and Transamerica Financial Advisors who also added new or increased positions in the fourth quarter, while hedge funds collectively own 92.74% of the company's stock.
Analyst sentiment remains mixed but generally positive regarding AutoZone's long-term prospects despite recent price target reductions from major firms like Roth MKM, DA Davidson, and Morgan Stanley on May 27th. The consensus rating is a 'Moderate Buy' with an average target price of $4,040.87, though individual targets were lowered to reflect current market conditions or valuation adjustments.
Financially, AutoZone reported strong quarterly performance in late May, posting $38.07 EPS which beat the consensus estimate of $36.22, alongside revenue growth of 8.4% year-over-year reaching $4.84 billion. The company has also authorized a substantial $1.5 billion share repurchase program, signaling management's confidence in the stock's value and commitment to returning capital to shareholders.
📈 Apollon Wealth increased AutoZone holdings by 107.9% to $1.16 million.
💰 Q2 EPS beat estimates at $38.07 with revenue up 8.4%.
👔 Director Earl Graves sold shares, reducing ownership by 1.02%.
📈 Apollon Wealth Management LLC increased its AutoZone position by 107.9% in Q1, adding 178 shares for a total holding of 343 shares valued at $1.16 million.
🏦 Multiple institutional investors including Turning Point Benefit Group and Transamerica Financial Advisors added new stakes or raised existing positions in the fourth quarter.
💰 AutoZone reported Q2 EPS of $38.07, beating analyst estimates of $36.22, with revenue rising 8.4% year-over-year to $4.84 billion.
🔄 The company's Board authorized a new $1.5 billion share repurchase program, allowing the buyback of up to 3% of outstanding shares.
📉 Several major analysts including Roth MKM, DA Davidson, and Morgan Stanley lowered their price targets on May 27th despite maintaining 'Buy' or 'Overweight' ratings.
👔 Director Earl G. Graves, Jr. sold 50 shares for $173,936 in a transaction on April 10th, reducing his ownership by 1.02%.
📊 AutoZone stock trades with a market cap of $51.56 billion and a P/E ratio of 21.72, currently trading below its 200-day moving average of $3,446.47.
🛠️ The retailer serves both DIY consumers and commercial customers with a diverse inventory of automotive replacement parts and accessories.
Bullish Signals
EPS beat expectations at $38.07 vs $36.22 estimate.
Revenue grew 8.4% YoY to reach $4.84 billion.
Management authorized a $1.5 billion share repurchase program.
Institutional ownership stands strong at 92.74%.
Risk Factors
Analysts Roth MKM, DA Davidson, and Morgan Stanley lowered price targets.
Stock trades below 200-day moving average of $3,446.47.
Bullish Signals
AutoZone beat quarterly earnings expectations with EPS of $38.07 versus the consensus estimate of $36.22.
The company achieved revenue growth of 8.4% year-over-year, reaching $4.84 billion for the quarter.
Management has authorized a significant $1.5 billion share repurchase program to return capital to shareholders.
Institutional ownership remains robust at 92.74%, with major firms like Apollon Wealth Management increasing their stakes.
Risk Factors
Several prominent analysts, including Roth MKM, DA Davidson, and Morgan Stanley, recently lowered their price targets on the stock.
The stock is currently trading below its 200-day moving average of $3,446.47, indicating recent downward price pressure.
AutoZone (AZO) shares rose 6.1% following the release of fiscal third-quarter 2026 results that beat earnings estimates. The company reported higher net sales driven by strong domestic commercial momentum and the addition of 82 new stores worldwide, reinforcing its core thesis regarding scale and distribution.
Despite the positive revenue growth, management flagged potential margin pressures for the coming quarter due to moderating inflation and a non-cash LIFO charge. To offset these headwinds and support earnings per share, AutoZone significantly lifted its share repurchase authorization by an additional US$1.50 billion, bringing the total buyback program to US$35.25 billion.
The article outlines a long-term narrative projecting $24.9 billion in revenue and $3.3 billion in earnings by 2029, requiring approximately 7.6% yearly revenue growth. While analysts suggest a fair value range between US$3,564 and US$3,969 per share, the immediate investment outlook hinges on whether commercial expansion can successfully counteract the flagged margin impacts.
📈 AutoZone shares rose 6.1% on Q3 2026 earnings beat.
💰 Net sales grew with 82 new global store openings.
🛒 Share repurchase authorization lifted to total of US$35.25 billion.
⚠️ Near-term margins pressured by inflation moderation and LIFO charge.
📅 Long-term targets set for $24.9B revenue and $3.3B earnings in 2029.
📈 AutoZone shares gained 6.1% after reporting fiscal Q3 2026 earnings that exceeded analyst estimates.
💰 Net sales increased supported by strong domestic commercial momentum and the opening of 82 new stores globally.
🛒 Management lifted share repurchase authorization by US$1.50 billion to a total of US$35.25 billion.
⚠️ Margins face pressure in the near term due to moderating inflation and a non-cash LIFO charge.
📅 Long-term projections target $24.9 billion revenue and $3.3 billion earnings by 2029.
🎯 Analyst fair value estimates range from US$3,564 to US$3,969 per share.
Bullish Signals
AutoZone beat Q3 2026 earnings estimates.
Added 82 stores worldwide to expand footprint.
Increased buyback authorization by US$1.50 billion.
AutoZone, Inc. (NYSE: AZO) saw mixed institutional activity in the first quarter of 2026, highlighted by Canoe Financial LP reducing its stake by 10% to 44,461 shares. Conversely, major investors like Norges Bank, Morgan Stanley, Northwestern Mutual, Mitsubishi UFJ, and AQR Capital Management increased their holdings significantly, with some adding over $500 million in value during the fourth quarter. Overall, institutional ownership remains high at 92.74%.
Following a recent earnings beat where the company reported $38.07 EPS against estimates of $36.22 and revenue of $4.84 billion, analyst sentiment has diverged. While Oppenheimer raised its price target to $4,300 with an 'outperform' rating, several major firms including Roth MKM, Robert W. Baird, JPMorgan Chase, and Mizuho lowered their price targets between $3,200 and $4,023, citing a 'buy' or 'overweight' stance despite the cuts.
The stock currently trades at a market cap of $51.07 billion with a P/E ratio of 21.50. On June 16th, AutoZone's Board approved a new $1.5 billion share buyback program, authorizing the repurchase of up to 3% of outstanding shares. This move signals management's confidence in the stock's valuation and commitment to returning capital to shareholders.
📉 Canoe Financial LP reduced AutoZone holdings by 10% to 44,461 shares.
📈 Norges Bank added a new stake worth $939.2 million.
💰 Q1 EPS beat estimates at $38.07 with revenue up 8.4%.
🎯 Oppenheimer raised price target to $4,300 and reaffirmed 'outperform'.
🔄 Board approved new $1.5 billion share buyback program.
📉 Canoe Financial LP reduced its AutoZone position by 10% (4,930 shares) in Q1, holding 44,461 shares valued at $150.18 million.
📈 Norges Bank added a new stake worth $939.2 million, while Morgan Stanley increased holdings by 17.8% to 492,794 shares.
📈 Northwestern Mutual Wealth Management Co. surged its position by 387.1%, acquiring an additional 61,821 shares.
📈 Mitsubishi UFJ Asset Management raised its stake by 39.5% to own 176,986 shares valued at $584.73 million.
📈 AQR Capital Management lifted its position by 80.8% in Q3, now owning 101,185 shares worth $432.06 million.
💰 AutoZone reported Q1 EPS of $38.07, beating the consensus estimate of $36.22 by $1.85.
📊 Revenue reached $4.84 billion for the quarter, representing an 8.4% year-over-year increase.
🎯 Oppenheimer raised its price target to $4,300 and reaffirmed an 'outperform' rating on AutoZone stock.
📉 Roth MKM lowered its price objective from $4,526 to $4,023 while maintaining a 'buy' rating.
📉 JPMorgan Chase reduced its target price from $4,300 to $3,850 with an 'overweight' rating.
📉 Robert W. Baird dropped its target price from $3,900 to $3,600 and set a 'neutral' rating.
🔄 The Board of Directors approved a new $1.5 billion share buyback program authorized on June 16th.
📉 Mizuho decreased its price target from $3,600 to $3,200 with a 'neutral' rating.
📈 AutoZone stock has a market cap of $51.07 billion and a P/E ratio of 21.50.
📉 The stock is trading below its 50-day moving average of $3,288.33 and 200-day average of $3,454.36.
Bullish Signals
EPS of $38.07 beat consensus by $1.85.
Revenue reached $4.84 billion, up 8.4% YoY.
Norges Bank holds a $939M stake.
Oppenheimer raised target to $4,300 with 'outperform' rating.
New $1.5B buyback approved for up to 3% of shares.
Risk Factors
Roth MKM cut target to $4,023 from $4,526.
Robert W. Baird lowered target to $3,600 and rated neutral.
JPMorgan Chase reduced target to $3,850 while overweight.
Mizuho decreased target to $3,200 and set neutral rating.
Stock trades below 50-day ($3,288.33) and 200-day ($3,454.36) averages.
Bullish Signals
AutoZone reported Q1 earnings per share of $38.07, which topped the consensus estimate of $36.22 by $1.85.
Revenue for the quarter was $4.84 billion, up 8.4% compared to the same period in the prior year.
Major institutional investors including Norges Bank ($939M stake), Morgan Stanley, and Northwestern Mutual significantly increased their holdings.
Oppenheimer raised its price target to $4,300 and maintained an 'outperform' rating on the stock.
The company's Board of Directors approved a new $1.5 billion share buyback program to repurchase up to 3% of outstanding shares.
Risk Factors
Roth MKM decreased its price objective from $4,526 to $4,023 despite maintaining a 'buy' rating.
Robert W. Baird lowered its target price from $3,900 to $3,600 and assigned a 'neutral' rating.
JPMorgan Chase reduced its price target from $4,300 to $3,850 while keeping an 'overweight' rating.
Mizuho decreased its price target from $3,600 to $3,200 and set a 'neutral' rating.
The stock is currently trading below its 50-day moving average of $3,288.33 and 200-day moving average of $3,454.36.
AutoZone Inc. shares reached a new all-time high, closing around $3,128 on June 26, 2026, after gaining approximately 2% in the session. The stock's performance reflects investor preference for defensive auto parts retailers over broader discretionary retail names amid mixed US equity market conditions where cyclicals faced pressure.
Analysts maintain a consensus 12-month price target of roughly $3,970 per share, implying about 25% upside from current levels. This valuation premium is supported by the company's predictable cash flows, long operational track record, and inclusion in major US equity indices which drives structural passive demand.
AutoZone operates a large chain of do-it-yourself oriented stores across the United States, Mexico, and Brazil, primarily selling replacement parts, accessories, and maintenance products. The business model targets recurring needs for aging vehicle fleets, such as branded car batteries, distinguishing it from peers focused on vehicle sales.
📈 Shares hit $3,128 all-time high, adding 2%.
🛡️ Defensive play favored over discretionary retail peers.
🎯 Analyst target $3,970 implies ~25% upside.
💰 Premium valuation supported by stable cash flows.
🌍 Operations span US, Mexico, and Brazil markets.
📈 AutoZone shares hit a fresh all-time high of approximately $3,128, adding roughly 2% in the session.
🛡️ Investors favor the company as a defensive play over broader discretionary retail names during market volatility.
🎯 Analyst consensus price target stands at $3,970, suggesting roughly 25% upside from current trading levels.
💰 The company trades at a premium valuation compared to peers like AutoNation due to stable cash flows.
📊 Market cap is approximately $57 billion as of June 26, 2026.
🌍 Operations span the United States, Mexico, and Brazil through a large DIY store chain.
🔋 Business model focuses on recurring maintenance needs like car batteries for aging vehicle fleets.
📉 Broader US equity markets showed mixed performance with cyclicals under pressure while AutoZone held up.
Bullish Signals
Shares hit new all-time high.
Analysts target $3,970 (25% upside).
Major US index inclusion drives passive buying.
Predictable cash flows support premium valuation.
Targets recurring fleet maintenance spending.
Bullish Signals
Shares reached a new all-time high, indicating strong investor confidence and momentum in the stock price.
Analysts project significant upside potential with a 12-month target of $3,970, implying roughly 25% growth from current levels.
The company benefits from structural demand as a component of major US equity indices driving passive buying.
Predictable cash flows and a long operational track record provide a solid foundation for the premium valuation.
Business model targets recurring maintenance spending on aging vehicle fleets, offering stability against cyclical downturns.
AutoZone (AZO) shares rose 3.4% driven by investor optimism surrounding a newly authorized $1.5 billion share repurchase program, bringing total buyback authorization since 1998 to $42.2 billion. The market reaction reflects confidence in the company's cash generation capabilities and its commitment to returning capital to shareholders through expanded buybacks.
The positive sentiment is underpinned by strong fiscal third-quarter performance reported on May 26, which included net sales of approximately $4.8 billion representing an 8.4% year-over-year increase. Domestic same-store sales grew by 4.1%, while diluted earnings per share reached $38.07 and net income climbed to roughly $641.5 million, both figures exceeding the prior year.
During the quarter, AutoZone executed buybacks of about 164,000 shares for approximately $586.3 million, reinforcing its capital return strategy. While institutional investors saw mixed activity with significant outflows from major funds like UBS and Boston Partners, analyst coverage remains constructive with a median price target of $3,925 and recent buy ratings from firms such as Truist Securities.
📈 AutoZone shares rose 3.4% after $1.5B buyback authorization.
💰 Cumulative buybacks since 1998 total $42.2 billion.
📊 Q3 net sales reached $4.8 billion, up 8.4%.
💵 Diluted EPS hit $38.07 with $641.5M net income.
🔍 Analysts maintain bullish stance with $3,925 price target.
📈 AutoZone shares climbed 3.4% following the announcement of an additional $1.5 billion in share repurchase authorization.
💰 Total buyback authorization since 1998 has now reached a cumulative total of $42.2 billion.
📊 Fiscal Q3 net sales hit approximately $4.8 billion, marking an 8.4% year-over-year increase.
🏪 Domestic same-store sales grew by 4.1% during the latest quarter.
💵 Diluted earnings per share reached $38.07 with net income rising to roughly $641.5 million.
🔄 The company repurchased approximately 164,000 shares for about $586.3 million in the third quarter.
📉 Institutional investors showed mixed sentiment with UBS removing over $449 million and Boston Partners reducing positions by $337 million.
🔍 Insider trading data shows net selling pressure from senior executives including Richard Craig Smith.
📈 Analyst consensus remains bullish with a median price target of $3,925 set across 14 analysts.
🏆 Truist Securities issued a 'Buy' rating on May 27, 2026, supporting the stock's upward momentum.
Net income reached $641.5 million; EPS hit $38.07.
Executed $586.3 million buybacks of 164,000 shares.
Risk Factors
UBS Asset Management removed $449M in Q1 2026.
Boston Partners reduced holdings by $337 million.
Executives sold $33M of shares in six months.
Bullish Signals
AutoZone received a fresh $1.5 billion authorization for share repurchases, signaling strong management confidence in cash flow and commitment to shareholder returns.
Fiscal Q3 net sales increased by 8.4% year over year to approximately $4.8 billion, demonstrating robust top-line growth.
Domestic same-store sales grew by 4.1%, indicating healthy underlying demand at physical locations.
Net income rose to roughly $641.5 million and diluted EPS reached $38.07, both exceeding the previous year's performance.
The company executed significant buybacks of 164,000 shares worth approximately $586.3 million during the quarter.
Analyst sentiment is constructive with a median price target of $3,925 and multiple recent 'Buy' ratings from major financial institutions.
Risk Factors
Significant institutional outflows occurred in Q1 2026, with UBS Asset Management removing over $449 million and Boston Partners reducing holdings by $337 million.
Insider trading activity over the past six months shows a net selling bias, with executives like Richard Craig Smith selling shares worth approximately $33 million.
AutoZone Inc. (AZO) shares advanced 3.30% to $3,046.46 on Tuesday, June 23, 2026, significantly outperforming the broader market during a rough trading session. While the S&P 500 Index fell 1.44% and the Dow Jones Industrial Average dropped slightly, AutoZone's resilience highlighted its relative strength compared to competitors in the retail sector.
Despite the positive daily performance, the stock remains well below its previous peak. AutoZone closed 30.57% short of its 52-week high of $4,388.11, which was reached on September 11th of the same year. This gap indicates that while the company is trading higher than recent lows, it has not yet reclaimed its most significant price milestone from earlier in the fiscal period.
The article focuses primarily on intraday price action and relative performance metrics rather than providing fundamental business updates or earnings guidance. The outperformance occurred against a backdrop of negative sentiment for major indices like the S&P 500, suggesting specific investor confidence in AutoZone's immediate prospects despite general market weakness.
📈 AZO shares rose 3.30% to $3,046.46 on June 23, 2026.
📉 Stock outperformed S&P 500 which fell 1.44% that day.
📊 Price remains 30.57% below September 11 high of $4,388.11.
🏆 AutoZone showed relative strength against competitors in negative market.
📈 AutoZone Inc. (AZO) shares rose 3.30% to close at $3,046.46 on Tuesday.
📉 The stock outperformed the S&P 500 Index, which fell 1.44% during the same session.
📊 AutoZone closed 30.57% below its 52-week high of $4,388.11 set on September 11.
📅 The price action occurred on June 23, 2026, amidst a broader market decline.
🏆 AutoZone demonstrated relative strength compared to competitors in a negative trading environment.
Bullish Signals
AZO shares advanced 3.30% to $3,046.46.
Outperformed S&P 500 Index which fell 1.44%.
Bullish Signals
AZO shares advanced 3.30% to $3,046.46, significantly outperforming the S&P 500 Index which fell 1.44% on the same day.
The stock showed relative strength against competitors during a rough trading session for the broader market.
AutoZone Inc. remains a focal point for investors following its fiscal third-quarter results released on May 21, 2024, which showed net sales rising 3.6% to $4.24 billion despite a year-over-year decline in diluted earnings per share to $36.69.
Analysts maintain a predominantly positive stance on the stock, citing disciplined store expansion and consistent share repurchases as key strengths, while acknowledging risks related to softer discretionary spending and competition from online retailers.
The company operates primarily in the U.S., Mexico, and Brazil, generating revenue through retail stores and commercial programs for professional repair shops. With no immediate scheduled events, market attention is directed toward the upcoming fiscal fourth-quarter and full-year results expected in late September 2024.
Trading on the New York Stock Exchange at approximately $2,900 per share with a market capitalization of $50 billion, AutoZone is classified as a consumer discretionary name within the S&P 500 index.
📊 Net sales rose 3.6% to $4.24 billion in Q3 2024.
📉 Diluted EPS fell to $36.69 due to higher operating expenses.
🏠 Domestic same-store sales grew 0.9% versus the prior year.
🔍 Majority of analysts rate AutoZone as Buy or equivalent.
⚠️ Risks include softer spending and increased online retail competition.
📊 Net sales increased 3.6% to $4.24 billion in the fiscal third quarter ended May 4, 2024.
📉 Diluted EPS declined year-over-year to $36.69 from $38.60 due to higher operating expenses and a tougher comparison base.
🏠 Domestic same-store sales grew by 0.9% compared to the prior-year period.
🔍 The majority of analysts rate AutoZone as Buy or equivalent based on recent consensus data.
🛒 Investors highlight disciplined store expansion and consistent share repurchases as key drivers supporting the positive analyst stance.
⚠️ Potential risks include softer discretionary spending and increased competition from online retailers.
📅 The next earnings update is anticipated in late September 2024, though an exact date has not been officially set.
💰 AutoZone shares trade around $2,900 per share with a market cap of $50 billion as of June 21, 2026.
🌎 The company operates retail stores and commercial programs across the United States, Mexico, and Brazil.
Bullish Signals
Net sales rose 3.6% to $4.24 billion.
Domestic same-store sales increased by 0.9%.
Majority of brokers maintain Buy or equivalent ratings.
Management executes disciplined store expansion and share repurchases.
Banque Transatlantique SA reduced its stake in AutoZone, Inc. (NYSE:AZO) by 17.7% during the fourth quarter, selling 237 shares to hold a remaining position of 1,102 shares valued at $3.75 million. While this major investor trimmed its holdings, other institutional players increased their positions, including MidFirst Bank, Titan Investment Management LLC, Clear Retirement Advice LLC, MV Capital Management Inc., and Sunbelt Securities Inc., which boosted its stake by 32.8% to own 271 shares worth $919,000.
Insider trading activity shows mixed signals with Director Brian Hannasch purchasing 165 shares for $492,855 on May 29th, increasing his ownership by 15.65%, while Director Earl G. Graves, Jr. sold 50 shares for $173,936 on April 10th, representing a minor 1.02% decrease in his holdings. Company insiders collectively own 2.60% of the stock.
Financially, AutoZone reported strong quarterly results with earnings per share of $38.07, beating the consensus estimate of $36.22, though revenue of $4.84 billion slightly missed expectations at $4.86 billion. Revenue grew 8.4% year-over-year to $4.84 billion, and the company has initiated a new share buyback plan authorizing the repurchase of up to $1.50 billion in shares, representing roughly 3% of its outstanding stock.
📈 Sunbelt Securities increased holdings by 32.8% to boost position.
💰 Director Brian Hannasch bought 165 shares for $492,855.
📊 Q1 EPS hit $38.07, beating estimates despite revenue miss.
🔄 Company announced $1.5 billion share buyback plan on June 16th.
📉 Banque Transatlantique SA reduced its AutoZone stake by 17.7%, selling 237 shares while retaining 1,102 shares valued at $3.75 million.
📈 Multiple other institutions added to their positions, with Sunbelt Securities Inc. increasing holdings by 32.8% and Titan Investment Management LLC acquiring a new $1.62 million stake.
💰 Director Brian Hannasch bought 165 shares for $492,855, representing a 15.65% increase in his personal ownership of the company.
📊 AutoZone reported Q1 EPS of $38.07, surpassing analyst estimates of $36.22, despite revenue of $4.84 billion falling slightly short of the $4.86 billion forecast.
🔄 The company announced a new share buyback plan on June 16th to repurchase up to $1.50 billion in shares, or approximately 3% of total outstanding stock.
📈 Revenue grew 8.4% year-over-year to $4.84 billion, reflecting continued demand for automotive replacement parts and accessories.
🏢 AutoZone operates as a retailer and distributor of aftermarket components serving both DIY consumers and professional repair shops across the US.
Bullish Signals
EPS of $38.07 beat consensus estimate of $36.22.
$1.50 billion share buyback program initiated.
Revenue increased 8.4% year-over-year to $4.84 billion.
Institutional investors increasing or initiating new positions.
Director Brian Hannasch stake up 15.65%.
Risk Factors
Revenue of $4.84B missed expectations of $4.86B.
Negative return on equity of -80.35%.
Bullish Signals
AutoZone beat earnings expectations with EPS of $38.07 versus the consensus estimate of $36.22, demonstrating strong profitability.
The company initiated a significant $1.50 billion share buyback program, signaling management's confidence in the stock's value and commitment to returning capital to shareholders.
Revenue increased by 8.4% year-over-year to $4.84 billion, indicating robust top-line growth despite missing revenue estimates slightly.
Multiple institutional investors, including Titan Investment Management LLC and Sunbelt Securities Inc., are increasing or initiating new positions in the stock.
Director Brian Hannasch significantly increased his personal stake by 15.65% through a $492,855 purchase, showing insider confidence.
Risk Factors
AutoZone's revenue of $4.84 billion missed analyst expectations of $4.86 billion, indicating a slight shortfall in top-line performance.
The company reported a negative return on equity of -80.35%, which may reflect high leverage or specific accounting adjustments affecting the metric.
AutoZone, Inc. (NYSE: AZO) announced on June 16, 2026, that its Board of Directors has authorized an additional $1.5 billion in share repurchases. This authorization brings the total amount authorized for buybacks since the program's inception in 1998 to $42.2 billion. The move underscores the company's disciplined capital allocation strategy, which aims to generate strong free cash flow, fund growth initiatives, and increase shareholder returns while maintaining its investment-grade credit ratings.
Jamere Jackson, AutoZone's Chief Financial Officer, highlighted that this expansion of the buyback program is supported by robust financial performance. The company operates a vast network of 7,856 stores across the Americas as of May 26, 2026, including locations in the U.S., Mexico, and Brazil. AutoZone serves as a leading retailer and distributor of automotive replacement parts and accessories for various vehicle types.
Beyond physical retail, AutoZone offers extensive commercial sales programs providing prompt delivery and credit to repair garages and fleet owners. The company also generates revenue through its e-commerce platforms, including AutoZone.com, AutoZonePro.com, ALLDATA.com for diagnostic software, and DuralastParts.com. Notably, the company explicitly states it does not derive revenue from automotive repair or installation services.
📈 Board authorized $1.5B additional stock repurchases on June 16, 2026.
💰 Total share buyback authorization since 1998 reaches $42.2 billion.
🏢 Company operates 7,856 stores across U.S., Mexico, and Brazil as of May 26, 2026.
AutoZone, Inc. (NYSE: AZO) announced on June 16, 2026, that its Board of Directors has authorized an additional $1.5 billion in share repurchases. This authorization brings the total amount authorized for buybacks since the program's inception in 1998 to $42.2 billion.
Jamere Jackson, Chief Financial Officer, stated that the company's disciplined capital allocation strategy enables it to generate strong free cash flow and invest in growth while maintaining investment grade credit ratings. The move signals confidence in AutoZone's financial position and commitment to returning value to shareholders through ongoing buybacks.
As of May 26, 2026, AutoZone operates a total of 7,856 stores across the Americas, including 6,766 in the U.S., 933 in Mexico, and 157 in Brazil. The retailer distributes automotive replacement parts and accessories for various vehicle types and offers commercial sales programs and digital platforms like AutoZone.com and ALLDATA.com.
📈 Board authorized $1.5B buybacks, totaling $42.2B since 1998.
💰 Strong cash flow and investment grade ratings drive strategy.
🏪 Operates 7,856 stores globally as of May 2026.
🛠️ Distributes parts for cars, SUVs, vans, and light trucks.
💻 Offers digital platforms like AutoZone.com and ALLDATA.com.
📈 AutoZone's Board authorized an additional $1.5 billion in share repurchases, raising the total buyback authorization since 1998 to $42.2 billion.
💰 CFO Jamere Jackson highlighted strong free cash flow generation and maintained investment grade credit ratings as key drivers for the capital allocation strategy.
🏪 As of May 26, 2026, AutoZone operates 7,856 stores globally, with the majority located in the United States.
🛠️ The company distributes automotive parts and accessories across cars, SUVs, vans, and light trucks through its extensive physical and digital retail network.
💻 AutoZone offers commercial sales programs and digital platforms including AutoZone.com, AutoZonePro.com, ALLDATA.com, and DuralastParts.com for B2B and online customers.
AutoZone authorized an additional $1.5 billion in share repurchases, demonstrating strong confidence in its financial health and commitment to returning capital to shareholders.
The company reported strong free cash flow generation, enabling it to fund growth investments while maintaining investment grade credit ratings.
With a total of 7,856 stores across the Americas as of May 2026, AutoZone maintains a dominant market presence in automotive parts distribution.
AutoZone's Duralast Gold brake pads have established themselves as a core accessory line for DIY mechanics in North America. Positioned in the upper midrange of the market, these ceramic-formulation pads sit between basic replacements and premium performance kits. They are designed to reduce brake dust and noise while extending rotor life compared to entry-level semi-metallic options, catering specifically to drivers seeking quiet, low-dust daily use.
The product line features application-specific pads for a wide range of domestic and import vehicles, utilizing ceramic or ceramic-enhanced friction compounds paired with multi-layer rubberized shims. These components aim to cut vibration and squeal under everyday driving conditions. A key value proposition is the limited lifetime warranty covering manufacturing defects and wear to the service limit across thousands of part numbers in AutoZone's catalog.
For AutoZone, the Duralast house brand is a strategic pillar contributing significantly to merchandise sales and supporting higher gross margins than national brands. The company notes that consistent demand for recurring wear-and-tear categories like brake pads is vital for long-term economics. Shares traded around $3,108 on June 14, 2026, reflecting investor confidence in the retailer's focused automotive aftermarket model with a large mix of proprietary-brand parts.
🛠️ Duralast Gold pads are a go-to DIY brake accessory line for U.S. mechanics.
🧱 Ceramic formulation reduces dust and noise while extending rotor life.
🚗 Covers thousands of fitments for popular domestic and import vehicles.
🔇 Multi-layer shims cut vibration and squeal under everyday driving conditions.
💰 Front-axle sets typically range from $70 to $110 per axle.
🛠️ AutoZone Duralast Gold brake pads serve as a go-to accessory line for U.S. DIY mechanics servicing their own brakes.
🧱 The pads utilize ceramic formulations designed to reduce brake dust and noise while extending rotor life compared to semi-metallic alternatives.
🚗 Application-specific pads cover thousands of fitments for popular domestic and import vehicles including Ford, GM, Toyota, and Honda.
🔇 Multi-layer rubberized shims are paired with friction compounds to cut vibration and squeal under everyday driving conditions.
🛡️ A limited lifetime warranty covers manufacturing defects and wear to the service limit across thousands of part numbers.
💰 Typical pricing for front-axle sets ranges from roughly $70 to $110 per axle before promotions in the U.S. market.
📈 Proprietary brands like Duralast contribute a significant share of AutoZone's overall merchandise sales and support higher gross margins.
✅ Many part numbers are engineered to meet or exceed Federal Motor Vehicle Safety Standard (FMVSS) 135 performance thresholds.
🏢 Shares of AutoZone traded on the NYSE at about $3,108 in midday trading on June 14, 2026.
Bullish Signals
Strategic pillar driving merchandise sales and higher gross margins.
Limited lifetime warranty covers defects and wear across thousands of parts.
Ceramic formulations reduce dust and noise while extending rotor life.
Pads meet or exceed Federal Motor Vehicle Safety Standard 135.
Shares traded at approximately $3,108 in mid-June 2026.
Bullish Signals
Duralast Gold brake pads are positioned as a strategic pillar for AutoZone, contributing significantly to merchandise sales and supporting higher gross margins compared to national brands.
The product line offers a limited lifetime warranty covering manufacturing defects and wear to the service limit across thousands of part numbers in the catalog.
Ceramic formulations are designed to reduce brake dust and noise while extending rotor life, aligning with Consumer Reports findings on less visible dust and noise than semi-metallic pads.
The pads meet or exceed Federal Motor Vehicle Safety Standard (FMVSS) 135 performance thresholds, which are commonly referenced by aftermarket brake suppliers.
AutoZone's large mix of proprietary-brand parts continues to be valued by investors, as evidenced by shares trading at approximately $3,108 in mid-June 2026.
TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone (AZO) with a price target of $3,700. The firm covers the Consumer Cyclical sector, including AutoZone, Planet Fitness, and Advance Auto Parts. Rakhlenko has an average return of 2.1% and a 50% success rate on recommended stocks according to TipRanks.
AutoZone also received a Buy from Morgan Stanley's Simeon Gutman in a report issued on May 29, while Bank of America Securities maintained a Hold rating on June 1. Based on the latest earnings release for the quarter ending May 9, AutoZone reported quarterly revenue of $4.84 billion and net profit of $641.49 million, compared to last year's revenue of $4.46 billion and net profit of $608.44 million.
Corporate insider sentiment is neutral based on activity from 65 insiders. Last month, Brian Hannasch, a Director at AZO, bought 165 shares for a total of $492,855. Recent analyst price target adjustments include Citi lowering its target to $3,700 from $4,300, Raymond James to $4,000 from $4,600, DA Davidson to $3,750 from $4,300, Truist to $3,817 from $4,045, and Mizuho to $3,200 from $3,600.
📈 TD Cowen maintains Buy rating with $3,700 price target.
💰 Q1 revenue hit $4.84B while net profit reached $641M.
📈 TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone (AZO) with a price target of $3,700.
💰 The company reported quarterly revenue of $4.84 billion and net profit of $641.49 million for the quarter ending May 9.
📉 Revenue grew from $4.46 billion last year while net profit increased from $608.44 million in the same period.
⚖️ Corporate insider sentiment remains neutral based on activity from 65 insiders over the recent period.
👤 Director Brian Hannasch purchased 165 shares for a total value of $492,855 last month.
🏦 Morgan Stanley also issued a Buy rating on AutoZone in a report released on May 29.
⚠️ Bank of America Securities maintained a Hold rating on the stock as of June 1.
📉 Citi lowered its price target for AutoZone from $4,300 to $3,700.
📉 Raymond James reduced its price target from $4,600 to $4,000.
📉 DA Davidson cut its price target from $4,300 to $3,750.
📉 Truist lowered its price target from $4,045 to $3,817.
📉 Mizuho decreased its price target from $3,600 to $3,200.
👨💼 Max Rakhlenko covers the Consumer Cyclical sector including AutoZone, Planet Fitness, and Advance Auto Parts.
📊 Analyst Max Rakhlenko has an average return of 2.1% and a 50% success rate on recommended stocks.
Bullish Signals
Analyst Max Rakhlenko maintains Buy rating with $3,700 target.
AutoZone revenue hit $4.84B and profit $641.49M.
Earnings grew YoY: revenue up to $4.46B, profit to $608.44M.
Director Brian Hannasch bought 165 shares for $492,855.
Risk Factors
Citi cut AutoZone target from $4,300 to $3,700.
Raymond James reduced target from $4,600 to $4,000.
DA Davidson lowered target from $4,300 to $3,750.
Truist decreased target from $4,045 to $3,817.
Mizuho cut target from $3,600 to $3,200.
Bullish Signals
TD Cowen analyst Max Rakhlenko maintained a Buy rating on AutoZone with a price target of $3,700.00.
AutoZone reported quarterly revenue of $4.84 billion and net profit of $641.49 million for the quarter ending May 9.
The company's recent earnings show growth compared to last year, with revenue increasing from $4.46 billion and net profit rising from $608.44 million.
Corporate insider sentiment remains neutral with Director Brian Hannasch purchasing 165 shares for a total of $492,855.00.
Risk Factors
Citi lowered its price target on AutoZone from $4,300 to $3,700.
Raymond James reduced its price target from $4,600 to $4,000.
DA Davidson cut its price target from $4,300 to $3,750.
Truist decreased its price target from $4,045 to $3,817.
Mizuho lowered its price target from $3,600 to $3,200.
AutoZone (NYSE: AZO) shares fell 21% in May following disappointing quarterly earnings released for the period ending May 9. While the broader market rallied, AutoZone struggled with rising inflationary costs and unimpressive growth, causing revenue of $4.84 billion to slightly miss Wall Street expectations.
The company reported slowing same-store sales growth, a critical metric for retailers measuring performance from existing units. Domestic growth remained solid at 4.1%, but international expansion in Mexico and Brazil lagged significantly at just 1.6% in constant currency, raising concerns about the brand's performance outside the United States.
Despite the stock decline, AutoZone delivered steady net income growth of 5.4% to $641 million and continued its aggressive share repurchase program with $586 million spent last quarter. Consequently, the stock's price-to-earnings ratio dropped from a peak of 30 in 2025 to a more reasonable 21, potentially making it attractive for investors who believe in its steady expansion strategy.
Analysts at The Motley Fool Stock Advisor did not include AutoZone in their top 10 stock list for current investment, citing better alternatives. However, the article suggests that the significant price drop and lower valuation multiple could make the stock a compelling buy for those confident in its long-term domestic and Latin American growth prospects.
📉 Shares sank 21% after revenue missed expectations.
📊 Domestic same-store sales growth slowed to 4.1%.
💰 Net income rose 5.4% despite inflationary pressures.
🔄 Buybacks reduced shares outstanding by ~90%.
🚫 Excluded from Motley Fool top 10 list.
📉 AutoZone shares sank 21% in May after quarterly revenue of $4.84 billion slightly missed Wall Street expectations.
📊 Same-store sales growth slowed to 4.1% domestically and 1.6% internationally, with international markets lagging significantly behind domestic performance.
🌎 The company is expanding into Mexico (933 stores) and Brazil (157 stores), but weak international same-store sales raise brand performance concerns in these regions.
💰 Net income grew 5.4% to $641 million, though profit growth trailed revenue growth due to inflationary pressures.
🔄 AutoZone spent $586 million on share buybacks last quarter, reducing shares outstanding by approximately 90% from their peak.
📉 The stock's P/E ratio fell from a peak of 30 in 2025 to 21, reflecting a more reasonable valuation for a slow-growth business.
🚫 The Motley Fool Stock Advisor team excluded AutoZone from their current top 10 list of recommended stocks.
Bullish Signals
Net income grew 5.4% to $641 million.
Spent $586 million on share repurchases last quarter.
Domestic same-store sales growth remains solid at 4.1%.
P/E ratio corrected from 30 down to 21.
Risk Factors
Revenue of $4.84B missed Wall Street expectations.
International same-store sales growth lagged at only 1.6%.
Rising inflationary costs pressure profit margins as revenue slows.
Brand reputation risks from weak international market performance.
Bullish Signals
AutoZone delivered steady net income growth of 5.4% to $641 million, demonstrating resilience despite revenue misses.
The company continues an aggressive share repurchase program, spending $586 million last quarter to reduce the share count and potentially boost per-share value.
Domestic same-store sales growth remains solid at 4.1%, indicating healthy core business performance in the United States.
The stock's P/E ratio has corrected from a peak of 30 down to 21, offering a more palatable entry point for long-term investors.
Risk Factors
Revenue of $4.84 billion slightly missed Wall Street expectations, signaling disappointing earnings performance.
International same-store sales growth lagged significantly at only 1.6%, suggesting the brand is struggling to gain traction in Mexico and Brazil.
Rising inflationary costs are putting pressure on profit margins as revenue growth slows down relative to input costs.
The company risks damaging its brand reputation by expanding into new international markets where performance metrics are currently weak.
AutoZone (NYSE: AZO) shares fell 21% in May following disappointing quarterly earnings released for the period ending May 9th. Revenue grew 8.4% year over year to $4.84 billion, slightly missing Wall Street expectations, while same-store sales growth slowed to 4.1% domestically and 1.6% internationally in constant currency. The company reported net income of $641 million, a 5.4% increase from the prior year, though profit growth lagged behind revenue expansion. Management spent $586 million on share repurchases last quarter, reducing shares outstanding by approximately 90% from their peak at the turn of the century.
The stock decline is attributed to weak international sales and concerns over the company's expansion in Mexico and Brazil, where it operates 157 stores in Brazil and 933 stores in Mexico. Investors are worried that same-store sales growth lagging in these markets could signal weaker brand performance compared to the United States. Additionally, rising inflationary costs have pressured profit margins as domestic same-store sales growth struggles to keep pace with input costs.
Despite the stock drop, AutoZone now trades at a price-to-earnings ratio of 21, down from a peak of 30 in 2025, which analysts view as more reasonable for a slow-growth business. The company continues its share repurchase program, which will become even more impactful on reducing share count as the stock price falls. While some investors see the dip as an attractive entry point for those believing in AutoZone's steady expansion in the United States and Latin America, others note that the Motley Fool Stock Advisor team did not include AutoZone in their recent list of 10 best stocks to buy now.
📉 AutoZone shares dropped 21% after missing revenue growth expectations.
🌎 International sales in Mexico and Brazil lag behind U.S. performance.
💰 Aggressive buybacks reduced shares outstanding by roughly 90%.
⚠️ Valuation dipped to a P/E of 21 despite inflationary pressures.
📉 AutoZone shares fell 21% in May despite the broader market rising, according to S&P Global Market Intelligence data.
💸 The company reported disappointing quarterly earnings that missed Wall Street expectations for revenue growth.
📊 Revenue increased 8.4% year-over-year to $4.84 billion, but same-store sales growth slowed to 4.1% domestically and 1.6% internationally.
🌎 International expansion in Mexico and Brazil is causing investor concern due to weaker performance compared to the U.S. market.
💰 Net income grew 5.4% to $641 million, though profit growth lagged behind revenue growth.
🔄 Management spent $586 million on share buybacks last quarter, reducing shares outstanding by approximately 90% from their peak.
📉 The stock's price-to-earnings ratio dropped to 21 from a peak of 30 in 2025, making it appear more reasonably priced.
⚠️ Rising inflationary costs and unimpressive growth have pressured the retailer in recent quarters.
🛒 Same-store sales are critical for retailers as they measure revenue growth from existing units without new store openings.
📈 Investors may view the current dip as a buying opportunity if they believe in AutoZone's steady U.S. and Latin American expansion.
🚫 The Motley Fool Stock Advisor team did not include AutoZone in their latest list of 10 best stocks to buy now.
📊 Stock Advisor claims an average return of 983% compared to the S&P 500's 212% over its history.
🔍 The article suggests that while AutoZone has slowed growth, its valuation and buyback program could make it attractive post-decline.
⚖️ Analysts note that if international same-store sales continue to lag, it may signal brand weakness outside the United States.
📉 Shares outstanding are now down around 90% from their peak at the turn of the century due to aggressive buybacks.
Bullish Signals
Net income grew 5.4% to $641 million.
Spent $586 million on share buybacks last quarter.
Shares outstanding down ~90% from peak.
P/E ratio dropped to 21 from 30 in 2025.
Valuation is more reasonable after May decline.
Risk Factors
Shares sank 21% after earnings missed Wall Street expectations.
Revenue grew only 8.4% while same-store sales slowed to 4.1% domestically.
Net income rose just 5.4% as inflation pressures profit margins.
Weak international sales in Mexico and Brazil concern investors.
The Motley Fool excluded AutoZone from best stocks to buy.
Bullish Signals
AutoZone delivered steady profit growth with net income reaching $641 million, up 5.4% from the prior year.
The company continues its aggressive share repurchase program, spending $586 million on buybacks last quarter alone.
Shares outstanding have decreased significantly, now down around 90% from their peak at the turn of the century.
With the stock price decline, future share repurchases will be even more impactful in reducing the share count and boosting per-share value.
AutoZone trades at a price-to-earnings ratio (P/E) of 21, down from a peak of 30 in 2025, presenting a much more palatable valuation for investors.
The stock now trades at a much more reasonable price than before, potentially making it attractive to buy after its May decline.
Risk Factors
AutoZone shares sank 21% in May following disappointing quarterly earnings that missed Wall Street expectations.
Revenue grew only 8.4% year over year to $4.84 billion, while same-store sales growth slowed significantly to 4.1% domestically and 1.6% internationally.
Profit growth lagged behind revenue expansion, with net income of $641 million representing a mere 5.4% increase from the prior year.
Rising inflationary costs are pressuring profit margins as domestic same-store sales growth struggles to keep pace with input costs.
Investors are concerned about weak international sales and the company's expansion in Mexico and Brazil, where it operates 157 stores in Brazil and 933 stores in Mexico.
Lagging same-store sales growth in international markets signals potential weaker brand performance compared to the United States.
The Motley Fool Stock Advisor team did not include AutoZone in their recent list of 10 best stocks to buy now.
AutoZone held its annual Vendor Summit in Memphis, Tennessee, on June 3, 2026, to recognize 15 top suppliers for their exceptional performance and commitment to customer satisfaction over the past year. The company awarded Sylvania the prestigious 2026 Vendor of the Year title, highlighting the supplier's long-term investment, cost reductions, innovation, and supply chain excellence which drove millions in incremental sales and profits. Sylvania was specifically noted for supporting international markets during disruptions and enabling strategic inventory transitions.
In addition to the top honor, eight vendors received the AutoZone Extra Miler award for rising above challenges and exceeding expectations through strong partnerships. These recipients include Bearing Technologies, Robert Bosch LLC, Gates Corporation, GSP North America, Highline Warren, Premium Guard, PLZ Corp, and Value Cycle Corporation. Six other vendors were honored with AutoZone WITTDTJR awards for enhancing customer experience through product innovation and training investments; this group includes Blue Streak, CJ Global, The Coca-Cola Company, Energizer Holdings Inc., AXALTA (U-POL), and XGM.
Luke Rauch, Senior Vice President of Merchandising and Global Sourcing at AutoZone, stated that the award recipients embody the company's pledge and values through collaboration and accountability. As of May 26, 2026, AutoZone operated a total of 7,856 stores across the United States, Mexico, and Brazil, with 6,766 locations in the U.S., 933 in Mexico, and 157 in Brazil. The company continues to serve as a leading retailer and distributor of automotive replacement parts and accessories in the Americas, offering extensive product lines for various vehicle types including cars, SUVs, vans, and light-duty trucks.
🏆 Sylvania won Vendor of the Year for supply chain excellence.
🌟 Eight vendors earned Extra Miler awards for exceeding expectations.
🛠️ Six companies received WITTDTJR® honors for innovation and training.
📍 AutoZone operates 7,856 stores across the U.S., Mexico, and Brazil.
🏆 AutoZone recognized 15 top suppliers at its annual Vendor Summit held in Memphis on June 3, 2026.
🥇 Sylvania was awarded the 2026 Vendor of the Year title for exceptional partnership and supply chain excellence.
💼 Sylvania's contributions included driving millions in incremental sales and supporting international markets during disruptions.
🌟 Eight vendors received the AutoZone Extra Miler Award for rising above challenges and exceeding expectations.
🤝 The Extra Miler recipients include Bearing Technologies, Robert Bosch, Gates Corporation, GSP North America, Highline Warren, Premium Guard, PLZ Corp, and Value Cycle Corporation.
🛠️ Six vendors were honored with the AutoZone WITTDTJR® awards for enhancing customer experience through innovation and training.
🏢 The WITTDTJR® recipients are Blue Streak, CJ Global, The Coca-Cola Company, Energizer Holdings, AXALTA (U-POL), and XGM.
🗣️ Luke Rauch, Senior Vice President of Merchandising and Global Sourcing, praised the award recipients for embodying AutoZone's Pledge and Values.
📍 As of May 26, 2026, AutoZone operated a total of 7,856 stores across the U.S., Mexico, and Brazil.
🇺🇸 The company maintains 6,766 stores in the United States and serves as a leading retailer of automotive replacement parts and accessories.
🚛 AutoZone offers a Commercial sales program providing prompt delivery and credit to repair garages, dealers, and fleet owners.
💻 The retailer sells products through its website and provides diagnostic software via the ALLDATA brand platform.
📉 Recent market data shows AutoZone stock price targets were lowered by analysts at Citi and Raymond James over the past week.
📉 Analysts recently downgraded AutoZone to a Buy rating while noting strong sales growth in recent earnings reports.
Bullish Signals
AutoZone recognized 15 top suppliers at its annual Vendor Summit.
Sylvania awarded 2026 Vendor of the Year for driving millions in sales.
Eight vendors received Extra Miler Award for exceeding expectations.
Six vendors earned WITTDTJR® awards for enhancing customer experience.
As of May 26, 2026, AutoZone operates 7,856 stores across U.S., Mexico, Brazil.
Risk Factors
Citi cut AutoZone target from $4,300 to $3,700.
Raymond James reduced AutoZone target from $4,600 to $4,000.
Bullish Signals
AutoZone recognized 15 top suppliers at its annual Vendor Summit, celebrating exceptional results and strong customer satisfaction over the past year.
Sylvania was awarded the 2026 Vendor of the Year, AutoZone's highest honor, for driving millions in incremental sales and profits through long-term investment and innovation.
Eight vendors received the Extra Miler Award for rising above challenges and exceeding expectations, including Bearing Technologies, Robert Bosch, LLC, Gates Corporation, and Value Cycle Corporation.
Six vendors earned WITTDTJR® awards for enhancing customer experience through product innovation and improved catalog offerings, such as The Coca-Cola Company, Energizer Holdings, Inc., and AXALTA (U-POL).
As of May 26, 2026, AutoZone operates a robust network of 7,856 total stores across the U.S., Mexico, and Brazil, supporting extensive product lines for cars, SUVs, vans, and light-duty trucks.
AutoZone's Commercial sales program provides prompt delivery and credit to local, regional, and national repair garages, dealers, service stations, fleet owners, and other accounts.
Risk Factors
Citi lowered AutoZone's price target from $4,300 to $3,700.
Raymond James lowered AutoZone's price target from $4,600 to $4,000.
Corpus Christi Police provided an update on an officer-involved shooting that occurred at an AutoZone store located in the 2100 block of Airline Road on May 29, 2026, at approximately 3:38 p.m. The incident began when officers responded to a threat-in-progress call involving a customer who was reportedly threatening other individuals inside the store. Upon arrival, police attempted to make contact with the suspect, but the individual fled into the parking lot, leading to a struggle as officers worked to detain him.
During the altercation in the parking lot, a firearm concealed by the suspect discharged, striking one officer. The wounded officer was immediately transported to a local hospital and treated for non-life-threatening injuries, with his condition remaining stable. The suspect, identified as 26-year-old Adan Martinez, was taken into custody at the scene and subsequently transported to the City Detention Center. Martinez faces charges of aggravated assault against a peace officer and resisting arrest with a deadly weapon. No other individuals were injured during the incident, and the investigation remains active and ongoing as Corpus Christi Police review all aspects of the event.
📍 Officer shot at AutoZone after suspect fled during threat call.
🔫 Concealed firearm discharged, injuring one officer with non-life-threatening wounds.
⚖️ Suspect Adan Martinez arrested and faces aggravated assault charges.
📍 A Corpus Christi police officer was shot on May 29, 2026, at an AutoZone store in the 2100 block of Airline Road.
⏰ The incident occurred at approximately 3:38 p.m. following a threat-in-progress call involving a customer threatening others inside the store.
🏃♂️ When officers arrived to make contact, the suspect fled into the parking lot where a struggle ensued before he was detained.
🔫 During the altercation, a concealed firearm discharged and struck one officer in the line of duty.
🏥 The wounded officer was transported to a local hospital and is being treated for non-life-threatening injuries with a stable condition.
👮♂️ No other individuals were injured during the incident at the AutoZone location.
🕵️♂️ The suspect, identified as 26-year-old Adan Martinez, was taken into custody at the scene and transported to the City Detention Center.
⚖️ Martinez faces charges of aggravated assault against a peace officer and resisting arrest with a deadly weapon.
🔍 Corpus Christi Police are actively investigating the incident and reviewing all aspects as part of standard protocol for officer-involved shootings.
📢 The department has not released further details regarding the officer's condition or their expected return to duty timeline.
Bullish Signals
Officer has non-life-threatening, stable injuries.
Suspect taken into custody at scene.
Risk Factors
Officer shot at AutoZone on May 29, 2026.
Suspect Martinez faces aggravated assault and resisting arrest charges.
Active investigation risks further legal issues and reputational harm.
Bullish Signals
The wounded officer suffered only non-life-threatening injuries and their condition remains stable.
The suspect was successfully taken into custody at the scene and transported to the City Detention Center.
Risk Factors
A police officer was shot and suffered non-life-threatening injuries during an altercation at an AutoZone store on May 29, 2026.
The suspect, Adan Martinez, faces charges of aggravated assault against a peace officer and resisting arrest with a deadly weapon.
The investigation remains active and ongoing, indicating potential for further legal complications or reputational damage to the location.
AutoZone (AZO) reported its strongest sales growth in over three years for the third quarter of fiscal 2026, ending May 9, with total sales rising 8.4% to $4.8 billion and earnings per share reaching $38.07, which exceeded Wall Street estimates by nearly $1.90. Despite these strong fundamentals, shares dropped roughly 9% to 11% by midday as investors reacted to a narrow sales miss of about $20 million and a slip in gross margin to 52.2%, down 57 basis points primarily due to a $20 million non-cash LIFO accounting charge that reduced per-share earnings by 91 cents.
Management attributed the late-quarter slowdown to unseasonably cool and wet weather in May, which suppressed demand for heat-related categories like air conditioning, starting, and charging parts. CEO Philip Daniele noted that comparable sales decelerated from 5% in the first four weeks of the quarter to just 1.3% in the final two weeks, but he characterized this as a timing issue rather than a loss of demand, expecting a normal or hotter summer to reverse the trend. CFO Jamere Jackson warned of a larger $30 million LIFO charge expected in the fourth quarter, which would drag gross margin by approximately 45 basis points and reduce EPS by about $1.40.
The company is increasingly focused on its commercial segment, which sells to professional mechanics and repair shops rather than DIY customers, with sales growing 10.4% to represent about 34% of domestic auto-parts revenue. This growth is being driven by the expansion of "mega hubs," large-format stores stocking over 100,000 parts that supply nearby locations; AutoZone opened 14 such hubs in the quarter to reach a total of 156, with a target near 300. The bullish case for AutoZone relies on weather normalization, continued gains in commercial market share, and disciplined capital spending as it plans to open roughly 365 stores this fiscal year against 305 last year.
However, risks remain regarding same-SKU inflation cooling from north of 7% to the mid-4% range, a decline in domestic foot traffic of 3.6%, and soft international markets in Mexico and Brazil where consumers remain under pressure. The company is deploying nearly $1.6 billion in capital spending to support its expansion strategy, but investors are closely watching whether the commercial push can offset potential headwinds from weather and inflation as it moves into the fourth quarter.
📉 Shares fell 9-11% despite record earnings of $38.07 per share.
⚠️ Sales missed by $20M due to cool weather and margin slips.
🏗️ Company opened 14 new hubs targeting 365 stores this fiscal year.
📉 AutoZone shares dropped roughly 9% to 11% despite reporting its strongest sales growth in over three years.
💰 The company posted earnings of $38.07 per share, exceeding Wall Street estimates by nearly $1.90.
📊 Total revenue reached $4.84 billion for the third quarter of fiscal 2026, ending May 9.
⚠️ Sales missed expectations by about $20 million, causing traders to spook over a narrow miss.
📉 Gross margin slipped to 52.2%, down 57 basis points from the prior year due to a $20 million accounting charge.
🌡️ CEO Philip Daniele blamed unseasonably cool and wet May weather for the late-quarter slowdown in heat-related categories.
📉 Domestic comparable sales decelerated significantly, dropping from 5% in the first four weeks to just 1.3% in the last two weeks.
💸 CFO Jamere Jackson warned of a $30 million LIFO charge coming in Q4, which would drag gross margin by 45 basis points.
🏢 Commercial sales grew 10.4% and now account for about 34% of domestic auto-parts revenue.
🏗️ AutoZone opened 14 new mega hubs in the quarter to reach a total of 156, with a target near 300 stores.
🚗 The company plans to open roughly 365 stores this fiscal year against 305 last year.
💰 Capital spending is set at nearly $1.6 billion for the current fiscal year.
📉 Same-SKU inflation cooled from north of 7% this quarter to the mid-4% range, removing a tailwind.
🚶 Domestic foot traffic fell 3.6%, while international markets in Mexico and Brazil remain soft.
🔮 Management expects summer demand to normalize as weather returns to normal or becomes hotter than usual.
Bullish Signals
Sales jumped 8.4% to $4.8B.
EPS of $38.07 beat estimates by $1.90.
Free cash flow rose to $455M.
Commercial sales grew 10.4% to 34% of revenue.
Opened 14 new hubs reaching 156 total locations.
Risk Factors
Shares fell 9-10% despite strong sales growth.
Sales missed expectations by $20 million.
Gross margin slipped 57 bps due to charges.
CFO warns of $30M Q4 LIFO charge.
Domestic foot traffic dropped 3.6%.
International markets in Mexico and Brazil remain soft.
Inflation cooling removes key pricing tailwind.
Weather delays hurt heat category purchases.
Bullish Signals
AutoZone reported its strongest sales growth in over three years, with total sales jumping 8.4% to $4.8 billion.
Earnings per share of $38.07 exceeded Wall Street estimates by nearly $1.90, demonstrating robust profitability.
Free cash flow increased to $455 million from $423 million a year ago, highlighting strong cash generation capabilities.
Commercial sales grew 10.4% in the quarter and now represent about 34% of domestic auto-parts revenue, indicating successful strategic expansion.
AutoZone opened 14 new mega hubs in the quarter to reach 156 total locations, with a target near 300 stores.
Management expects unseasonably cool weather to reverse, anticipating a normal or hotter summer that will revive heat-related categories.
Excluding accounting effects, EPS would have climbed 12.5%, and gross margin would have risen 20 basis points, showing underlying business strength.
New stores continue to beat their own forecasts, validating the company's expansion strategy.
Risk Factors
Shares dropped roughly 9% to 11% despite reporting strong sales growth, indicating significant market skepticism about the company's near-term outlook.
Total sales landed approximately $20 million short of expectations, which spooked traders who anticipated a clean beat across all metrics.
Gross margin slipped to 52.2%, down 57 basis points from the prior year, primarily due to a $20 million non-cash accounting charge.
CFO Jamere Jackson warned of an additional $30 million LIFO charge coming in Q4, which will drag gross margin by 45 basis points and reduce EPS by about $1.40.
Domestic foot traffic fell 3.6%, signaling a potential decline in customer visits despite the company's expansion efforts.
International markets in Mexico and Brazil remain soft with consumers under pressure, limiting growth opportunities outside the U.S.
Same-SKU inflation is expected to cool from north of 7% this quarter to the mid-4% range, removing a key tailwind for pricing power.
The company's Q3 performance was heavily impacted by unseasonably cool and wet weather in May, which delayed purchases of heat-related categories like air conditioning.
AutoZone (NYSE: AZO) shares fell 13% this week after the company reported quarterly earnings that disappointed Wall Street due to slowing same-store sales growth. Domestic same-store sales grew by 4.1%, which was below analyst expectations, while international same-store sales growth in Mexico and Brazil was just 1.6%. Additionally, gross margins compressed during the quarter, though the article notes this was attributable to a change in accounting practices rather than underlying business performance issues.
The stock has declined 32% from its recent highs, bringing its price-to-earnings ratio back closer to its long-term average of 20. With 6,766 locations in the United States, AutoZone faces limited runway for significant market expansion domestically, but management expects steady same-store sales growth in future years. The company is also pursuing international expansion into Latin America, specifically targeting Mexico and Brazil, which are viewed as having strong potential if the brand can succeed in those regions.
Despite the recent slump, the article suggests AutoZone may look attractive to investors after the price correction, noting that it could be a good buy given its valuation reset and steady growth prospects. However, The Motley Fool's Stock Advisor team did not include AutoZone in their list of 10 best stocks for investors to buy now, recommending other opportunities instead.
📉 AutoZone stock dropped 32% after missing domestic and international sales expectations.
🏢 The retailer operates 6,766 US locations with growth now driven by productivity.
⚠️ International expansion continues despite recent underperformance in Latin American markets.
📉 AutoZone shares sank 13% this week, according to S&P Global Market Intelligence data.
💸 Wall Street was disappointed by domestic same-store sales growth of 4.1%, which missed expectations.
🌎 International same-store sales growth also fell short at just 1.6% in Latin America.
📊 Gross margins compressed last quarter, though this was due to accounting changes rather than business fundamentals.
🏢 AutoZone operates 6,766 locations across the United States as a mature business model.
📈 Revenue growth for the company is now primarily driven by per-store productivity metrics.
🇲🇽 The retailer is expanding into Mexico and Brazil, which are seen as having strong potential.
📉 The stock has fallen 32% from its highs, bringing its P/E ratio closer to a long-term average of 20.
⚠️ Analysts note that the company has limited runway for significant market growth given its current footprint.
🤔 Investors are now questioning whether AutoZone looks appetizing after such a significant price drop.
📉 The Motley Fool's Stock Advisor team recently identified 10 preferred stocks, and AutoZone was not included.
📈 Historical examples show that past Stock Advisor recommendations like Netflix and Nvidia generated massive returns.
🔍 The article suggests considering the valuation reset before deciding to buy shares of the auto parts retailer.
⚖️ Gross margin compression is attributed to accounting practices rather than underlying operational issues.
🌐 International expansion remains a key growth vector despite recent disappointing sales figures in the region.
Bullish Signals
Stock down 32% from highs, nearing 20x P/E average.
6,766 US locations poised for steady same-store sales growth.
Expansion potential exists in Mexico and Brazil's growing economies.
Margin compression stems from accounting changes, not business decline.
Risk Factors
AutoZone shares fell 13% after earnings disappointed Wall Street.
Domestic same-store sales grew only 4.1%, missing expectations.
International sales in Mexico and Brazil hit just 1.6%.
Stock declined 32% from highs amid negative sentiment.
6,766 US locations limit domestic expansion runway.
Bullish Signals
AutoZone's stock is now down 32% from its highs, bringing its valuation much closer to its long-term average P/E ratio of 20.
The company operates 6,766 locations in the United States and should see steady same-store sales growth in the years ahead.
AutoZone has expansion potential into Mexico and Brazil, which are the two largest economies in Latin America with strong growth potential.
Gross margin compression was due to a change in accounting practices rather than underlying business deterioration.
Risk Factors
AutoZone shares fell 13% this week after quarterly earnings disappointed Wall Street due to slowing same-store sales growth.
Domestic same-store sales grew by only 4.1%, which was below analyst expectations, indicating weaker than anticipated consumer demand or market saturation.
International same-store sales growth in Mexico and Brazil was just 1.6%, also missing investor expectations for the company's expansion strategy.
Gross margins compressed during the quarter, signaling potential pressure on profitability despite management attributing it to accounting changes.
The stock has declined 32% from its recent highs, reflecting significant negative sentiment and a sharp correction in market valuation.
With 6,766 locations in the United States, AutoZone faces limited runway for significant domestic market expansion, constraining future growth opportunities.
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