Research Analysts Offer Predictions for AutoZone Q2 Earnings

AutoZone, Inc. (NYSE:AZO) – Analysts at Zacks Research increased their Q2 2026 earnings estimates for shares of AutoZone in a research report issued to clients and investors on Tuesday, December 23rd. Zacks Research analyst Team now anticipates that the company will earn $27.20 per share for the quarter, up from their previous forecast of $27.12. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. Zacks Research also issued estimates for AutoZone’s FY2026 earnings at $146.77 EPS, Q1 2028 earnings at $43.77 EPS and FY2028 earnings at $196.20 EPS.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share for the quarter, missing analysts’ consensus estimates of $32.69 by ($1.65). The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.64 billion. AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $32.52 EPS.

AZO has been the topic of a number of other research reports. Weiss Ratings cut shares of AutoZone from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Truist Financial decreased their price objective on shares of AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. The Goldman Sachs Group dropped their target price on shares of AutoZone from $4,262.00 to $4,234.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. UBS Group cut their target price on shares of AutoZone from $4,800.00 to $4,325.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, BMO Capital Markets reduced their price target on shares of AutoZone from $4,600.00 to $4,400.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $4,317.27.

AutoZone Price Performance

AutoZone stock opened at $3,447.10 on Thursday. The stock has a market capitalization of $57.12 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.40. AutoZone has a 12 month low of $3,162.00 and a 12 month high of $4,388.11. The business has a 50 day simple moving average of $3,715.37 and a 200-day simple moving average of $3,873.77.

AutoZone declared that its board has authorized a stock repurchase plan on Wednesday, October 8th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other AutoZone news, CFO Jamere Jackson bought 55 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average cost of $3,413.50 per share, with a total value of $187,742.50. Following the purchase, the chief financial officer directly owned 488 shares of the company’s stock, valued at $1,665,788. This trade represents a 12.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Philip B. Daniele sold 2,533 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $4,020.88, for a total value of $10,184,889.04. Following the completion of the sale, the chief executive officer owned 55 shares of the company’s stock, valued at $221,148.40. This trade represents a 97.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 347 shares of company stock valued at $1,179,256 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AutoZone

A number of institutional investors have recently added to or reduced their stakes in AZO. Raleigh Capital Management Inc. acquired a new stake in shares of AutoZone in the 3rd quarter worth $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of AutoZone in the third quarter valued at about $25,000. Saudi Central Bank purchased a new stake in shares of AutoZone in the first quarter valued at about $27,000. Global Trust Asset Management LLC increased its position in AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after purchasing an additional 6 shares during the last quarter. Finally, Aspect Partners LLC raised its stake in AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.