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

24 Sep 2026, 09:44 by Jessica Moore · The Cerbat Gem

AutoZone (NYSE:AZO – Free Report) had its price objective decreased by The Goldman Sachs Group from $4,096.00 to $3,917.00 in a research note issued to investors on Wednesday. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on AZO. Morgan Stanley reduced their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. BMO Capital Markets reduced their price target on AutoZone from $4,000.00 to $3,500.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group set a $3,850.00 target price on shares of AutoZone in a research report on Wednesday. BNP Paribas Exane decreased their target price on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Finally, Oppenheimer set a $3,400.00 price objective on shares of AutoZone in a research report 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 company’s stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,717.12.

Read Our Latest Research Report on AutoZone

AutoZone Stock Performance

Shares of NYSE AZO opened at $2,848.16 on Wednesday. AutoZone has a fifty-two week low of $2,764.88 and a fifty-two week high of $4,332.68. The stock has a market cap of $46.50 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.45 and a beta of 0.34. The stock has a fifty day moving average of $2,984.27 and a 200-day moving average of $3,198.67.

AutoZone (NYSE:AZO – Get Free Report) last announced 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. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The firm had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the firm earned $48.71 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that AutoZone will post 175.04 EPS for the current year.

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

Insider Transactions at AutoZone

In other 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 value of $4,510,500.00. Following the completion of the transaction, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On AutoZone

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

Key AutoZone News

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.

About AutoZone

(Get Free Report)

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.