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AZOAutoZone, Inc.
$2843.34$46.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
AZO logo

AutoZone, Inc.

AZO
NYSE · Auto Parts & Equipment
$2843.34
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$46.54B
P/E19.6x
52W High$4332.68
Volume650.58K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Aggressive Capital Returns Mask Structural Leverage Risks

AutoZone maintains a dominant market position through its hub-and-spoke distribution network, yet its reliance on debt-funded share repurchases has resulted in a persistent negative equity position of $2.8 billion as of 2026Q3. While the company demonstrates r...

GrowthStable
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AZO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-32% Peers

P/E is 32% below peer median

03

Market leadership

RS 29 · Lag

Laggard (Underperforming 71% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Dec 22
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth remains stable at 8.4% year-over-year in 2026Q3, though operating margins have faced pressure, fluctuating between 16.3% and 21.3% over the last ten quarters.

Analyst Consensus+29.3% target
Buy(45 analysts)
33 Buy12 Hold0 Sell

The Bull Case

Upside Catalysts

Extensive retail footprint

AutoZone operates over 6,300 locations nationwide, providing widespread accessibility for customers.

Strong DIY repair support

AutoZone offers top-quality auto parts and DIY repair advice, catering to the needs of car owners.

Convenient delivery options

AutoZone provides Free Next Day Delivery and the Shop Anywhere feature, enhancing customer convenience.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AZO-13.94%
S&P 500 (^GSPC)+12.39%
1-Year Return
AZO-30.99%
S&P 500 (^GSPC)+15.77%
3-Year Return
AZO+10.19%
S&P 500 (^GSPC)+74.34%
5-Year Return
AZO+68.47%
S&P 500 (^GSPC)+69.77%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
19.6x
Forward P/EExpansion
18.8x
EV/EBITDA20th %ile
13.9x
FCF YieldCash Flow
3.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
19.6x
18.5x
60th· Fair
EV/EBITDA
13.9x
14.5x
20th· Low
Price/FCF
26.0x
21.9x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$1846.62-35.1%
Base (Fair)$3817.20+33.7%
Bull$6757.63+137.7%
$1846.62 Bear$3817.20 Base$6757.63 Bull
Current Market Price: $2843.34
Trades at a 25.5% discount to Base DCF ($3817.20)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$18.94B+2.4% YoY
Net income
$2.5B-6.2% YoY
Free cash flow
$1.79B-7.3% YoY
Operating margin
19.1%-1.4 pts YoY
ROIC (TTM)34%
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 22, 2026
$0.56+3.6%
vs $0.54
$6.6B-1.6%
vs $6.7B
Q2 2026
May 26, 2026
$38.07+5.1%
vs $36.22
$4.8B-0.4%
vs $4.9B
Q2 2026
Mar 3, 2026
$27.63+1.8%
vs $27.15
$4.3B-0.8%
vs $4.3B
Q4 2025
Dec 9, 2025
$31.04-5.2%
vs $32.75
$4.6B-0.2%
vs $4.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·5d ago
AutoZone, Inc. (AZO) is Attracting Investor Attention: Here is What You Should Know

Recently, Zacks.com users have been paying close attention to AutoZone (AZO). This makes it worthwhile to examine what the stock has in store.

Zacks Investment Research·6d ago
AutoZone (AZO) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Besides Wall Street's top-and-bottom-line estimates for AutoZone (AZO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2026.

Defense World·6d ago
Bank of America Corp DE Acquires Shares of 73,085 AutoZone, Inc. $AZO

Bank of America Corp DE bought a new position in shares of AutoZone, Inc. (NYSE: AZO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 73,085 shares of the company's stock, valued at approximately $233,576,000. Bank of America Corp DE owned 0.45%

GuruFocus·Sep 16, 2026
Is AZO Undervalued? DCF Says Worth $3817

On September 16, 2026, we delve into the DCF analysis for AutoZone Inc (AZO), a company that has faced notable price declines recently, with a year-to-date drop

Filtered for AutoZone, Inc.More Headlines
04

Compare before deciding

Benchmark AZO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for AutoZone, Inc. (AZO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AZO logoAZOAutoZone, Inc.Current
$2843.34$46.54B19.632.43%13.19%——
ORLY logoORLYO'Reilly Automotive, Inc.
$85.90$71.19B28.926.42%14.27%——
AAP logoAAPAdvance Auto Parts, Inc.
$41.10$2.48B56.30-5.42%0.97%3.79%—
GPC logoGPCGenuine Parts Company
$128.76$17.75B273.963.46%0.13%0.72%—
MNRO logoMNROMonro Inc.
$14.02$438.08M509.82-3.19%0.71%1.36%—
MUSA logoMUSAMurphy USA Inc.
$506.24$9.35B21.01-4.25%2.87%94.56%—

Compare AZO vs Peers

AutoZone, Inc. (AZO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ORLY

Most directly comparable listed peer for AZO.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare AZO against a more recognizable public peer.

Peer Set

Compare Top 5

vs ORLY, AAP, GPC, MNRO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AZO SEC Filings & Documents

AutoZone, Inc. (AZO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 26, 2026·SEC

Material company update

Mar 3, 2026·SEC

Material company update

Dec 19, 2025·SEC

10-K Annual Reports

2
FY 2025

Oct 27, 2025·SEC

FY 2024

Oct 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Mar 20, 2026·SEC

FY 2025

Dec 19, 2025·SEC

FY 2025

Jun 13, 2025·SEC

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AZO Frequently Asked Questions

AutoZone, Inc. (AZO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is AutoZone, Inc.'s revenue?

AutoZone, Inc. (AZO) reported $19.99B in revenue for fiscal year 2025. This represents a 791% increase from $2.24B in 1996.

How fast is AutoZone, Inc. growing?

AutoZone, Inc. (AZO) grew revenue by 2.4% over the past year. Growth has been modest.

Is AZO profitable?

Yes, AutoZone, Inc. (AZO) is profitable, generating $2.48B in net income for fiscal year 2025 (13.2% net margin).

Dividend & Returns
What is AutoZone, Inc.'s free cash flow?

AutoZone, Inc. (AZO) generated $1.18B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AZO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →