DA Davidson Lowers AutoZone (NYSE:AZO) Price Target to $3,500.00

Key Points

• DA Davidson lowered AutoZone’s price target to $3,500 from $3,750 while maintaining a “buy” rating, implying approximately 24.8% upside from the reported share price.
• AutoZone reported strong quarterly earnings, with EPS of $56.05 beating expectations and revenue rising 5.6% year over year to $6.59 billion, though revenue and same-store sales fell short of estimates.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $3,777.71, while the company also authorized $1.5 billion in share repurchases.

AutoZone (NYSE:AZO - Get Free Report) had its price objective dropped by equities researchers at DA Davidson from $3,750.00 to $3,500.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 24.81% from the company's current price.

AZO has been the topic of several other research reports. Evercore reissued an "outperform" rating on shares of AutoZone in a research note on Wednesday. UBS Group reiterated a "buy" rating on shares of AutoZone in a report on Tuesday, September 15th. Truist Financial set a $3,700.00 price objective on shares of AutoZone in a research report on Wednesday, May 27th. The Goldman Sachs Group decreased their price objective on shares of AutoZone from $4,345.00 to $4,096.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3,777.71.

AutoZone Trading Down 3.1%

Shares of NYSE:AZO opened at $2,804.30 on Wednesday. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.41 and a beta of 0.34. AutoZone has a 12 month low of $2,796.85 and a 12 month high of $4,332.68. The company has a 50-day moving average price of $2,986.72 and a 200 day moving average price of $3,205.00.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $55.51. The business had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $48.71 earnings per share. As a group, equities analysts forecast that AutoZone will post 150.61 EPS for the current year.

AutoZone declared that its Board of Directors has approved a share repurchase program on Tuesday, June 16th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company's stock, valued at approximately $1,367,100. This trade represents a 76.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On AutoZone

Institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC grew its stake in AutoZone by 50.0% during the 4th quarter. MCF Advisors LLC now owns 9 shares of the company's stock worth $31,000 after buying an additional 3 shares during the last quarter. Bard Associates Inc. acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of AutoZone during the second quarter worth approximately $29,000. Asset Dedication LLC increased its holdings in shares of AutoZone by 150.0% in the 1st quarter. Asset Dedication LLC now owns 10 shares of the company's stock valued at $34,000 after acquiring an additional 6 shares during the period. Finally, Tacita Capital Inc purchased a new stake in AutoZone in the 2nd quarter valued at $32,000. Institutional investors own 92.74% of the company's stock.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Profit substantially beat expectations: AutoZone reported diluted EPS of $56.05, up from $48.71 a year earlier and above the roughly $54-$55 consensus. Net sales rose 5.6% to $6.59 billion, while operating profit increased 10.1% to approximately $1.3 billion. AutoZone fourth-quarter results
• Positive Sentiment: Growth investments and shareholder returns supported sentiment: The retailer opened 175 stores during the quarter, ended fiscal 2026 with 8,031 locations, and repurchased about $697.5 million of stock. Management said sales momentum improved later in the quarter and expects growth to accelerate in fiscal 2027, helped by commercial and international demand. Why AutoZone stock rallied
• Neutral Sentiment: Analyst views remain constructive but more cautious: BMO, Raymond James and Baird reduced their price targets to $3,500, $3,700 and $3,400, respectively, while retaining outperform, strong-buy or neutral ratings. Mizuho also cut its target to $3,000 and kept a neutral rating. The reductions suggest analysts see upside from current levels but have moderated expectations after the report.
• Negative Sentiment: Revenue and comparable-store trends were soft: Quarterly revenue missed estimates, and total same-store sales increased only 1.5% on a constant-currency basis, with domestic same-store sales up 1.6%. Coverage highlighted DIY weakness, while part of the margin and earnings benefit came from tariff refunds and a favorable LIFO comparison, which may not recur. AutoZone mixed fourth-quarter results

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional locations in Mexico and Brazil.

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