AutoZone (NYSE:AZO) Given New $3,917.00 Price Target at The Goldman Sachs Group

AutoZone (NYSE:AZO) had its target price reduced by equities research analysts at The Goldman Sachs Group from $4,096.00 to $3,917.00 in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 37.53% from the company’s previous close.

Several other analysts also recently issued reports on the company. Evercore restated an “outperform” rating on shares of AutoZone in a research report on Wednesday. Mizuho cut their target price on shares of AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays decreased their price target on shares of AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup cut their price objective on shares of AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating for the company in a research report on Monday, September 14th. Finally, TD Cowen reduced their price objective on shares of AutoZone from $3,500.00 to $3,400.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,717.12.

AutoZone Stock Performance

Shares of NYSE AZO opened at $2,848.16 on Wednesday. The firm has a market capitalization of $46.50 billion, a P/E ratio of 18.64, a PEG ratio of 1.45 and a beta of 0.34. AutoZone has a one year low of $2,764.88 and a one year high of $4,332.68. The company’s fifty day moving average is $2,984.27 and its two-hundred day moving average is $3,198.67.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the prior year, the firm posted $48.71 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that AutoZone will post 175.04 earnings per share for the current fiscal year.

AutoZone declared that its Board of Directors has authorized a stock buyback program on Tuesday, June 16th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Trading of AutoZone

Institutional investors and hedge funds have recently modified their holdings of the business. Benchmark Investment Advisors LLC bought a new stake in shares of AutoZone during the second quarter valued at about $713,000. CYBER HORNET ETFs LLC increased its stake in AutoZone by 33,193.5% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 15,315 shares of the company’s stock valued at $48,946,000 after buying an additional 15,269 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of AutoZone during the 4th quarter worth about $1,808,000. Nykredit A S acquired a new stake in shares of AutoZone in the 2nd quarter worth approximately $27,287,000. Finally, Bank of America Corp DE acquired a new stake in shares of AutoZone in the 2nd quarter worth approximately $233,576,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Profit beat and margin expansion: Fiscal fourth-quarter diluted EPS reached $56.05, up from $48.71 a year earlier and above consensus estimates. Gross margin expanded to 53.3%, while operating profit rose 10.1% to approximately $1.3 billion. Tariff refunds and a favorable non-cash LIFO comparison provided meaningful support. AutoZone Q4 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: Growth initiatives remain intact: Sales rose 5.6% year over year to $6.59 billion, the company opened 175 stores during the quarter, and fiscal 2026 ended with 8,031 locations. Management said it expects sales growth to accelerate in fiscal 2027 and highlighted market-share gains, particularly in commercial and international operations. AutoZone, Inc. Q4 2026 Earnings Call Summary
• Positive Sentiment: Shareholder returns provided support: AutoZone repurchased about $697.5 million of stock during the quarter, helping boost per-share results and signaling management’s confidence in the business. Several analysts still maintain buy, outperform, or strong-buy ratings, with revised targets above the current share price.
• Neutral Sentiment: Analyst targets were lowered but remain constructive: Roth Capital, DA Davidson, BMO, Mizuho, Raymond James, and Baird reduced their targets following the results. However, most retained positive or neutral ratings, with targets ranging from $3,000 to $3,850. AutoZone Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Revenue and comparable-store trends disappointed: Quarterly revenue fell short of the roughly $6.7 billion consensus estimate. Same-store sales increased 2.7% reported, but only 1.5% on a constant-currency basis, while domestic comps rose 1.6%, indicating continued softness in the DIY business.
• Negative Sentiment: Some earnings growth was one-time or potentially temporary: Investors may question how much of the margin and EPS improvement can be sustained after tariff refunds and favorable accounting comparisons fade.

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.