Wolfe Research has downgraded Autozone Inc (AZO) to a Peer Perform rating from Outperform. The action, taken on December 15, 2025, reflects a shift in sentiment regarding the company's outlook amid potential competitive pressures and market conditions that could impact performance.
Currently, Autozone trades at $3,420.99, with a market capitalization of $57.3 billion and a P/E ratio of 23.24. The company, headquartered in Memphis, Tennessee, operates approximately 7,353 stores across the United States, Mexico, and Brazil, specializing in the retail and distribution of automotive replacement parts and accessories. Autozone's extensive product line caters to cars, SUVs, vans, and light-duty trucks, including both new and remanufactured parts, as well as maintenance items and accessories.
Looking ahead, Autozone is expected to report its Q2 2026 earnings on May 25, 2026, with analysts estimating an EPS of $37.42 and revenue of $4.9 billion. Recent earnings performance has shown mixed results, with Q1 2026 EPS coming in at $31.04, missing the estimate of $32.83 by 5.5%.
Analyst ratings and price targets serve as professional opinions derived from research and financial models. While they can provide useful insights, they are based on assumptions that may not always align with actual outcomes. Investors should consider various factors, including company fundamentals and industry trends, when making decisions. Analyst ratings can evolve as new information emerges, and differing opinions may exist among analysts regarding the same company.