AutoZone Inc. (AZO)

NYSE: AZO · USD

$3,156

+13.20 (+0.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-02

Our latest published analysis: AZO rated Hold

AutoZone Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$2,636 / share

Potential value

$3,972 / share

Upside to FV

-5.6%

from $3,156

Moat

8/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$45.2B
Revenue (ttm)	20.3B
Net income (ttm)	2.6B
EPS (ttm)	$153
Shares out	16.1M
P/E (trailing)	20.7x
P/E (forward)	16.5x
Volume	120,537
Beta	0.40

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 20.3B
Net income (ttm): 2.6B
EPS (ttm): $153
P/E (trailing): 20.7x
P/E (forward): 16.5x
Market cap: $45.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-08-27	2023-08-26	2024-08-31	2025-08-30	2026-08-31	Trend
Revenue	$16.25B	$17.46B	$18.49B	$18.94B	$20.34B	+5.8%
Gross profit	$8.47B	$9.07B	$9.82B	$9.97B	$10.64B	+5.9%
Operating income	$3.27B	$3.47B	$3.79B	$3.61B	$0	—
Net income	$2.43B	$2.53B	$2.66B	$2.50B	$2.57B	+1.4%
EPS (diluted)	$117.19	$132.36	$149.55	$144.87	$163.23	+8.6%
EBITDA	$3.71B	$3.97B	$4.35B	$4.22B	$3.72B	+0.1%
R&D	—	—	—	—	—	—
SG&A	$5.20B	$5.60B	$6.03B	$6.36B	—	+6.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	持有
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	持有
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	卖出
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	卖出
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	卖出
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	买入

Base and Bull scenarios

Base60%

Price target

$2,635.86

-5.6% from spot

In the Base case, AutoZone achieves Fair value of $2,635.86, representing -5.6% return from $2,792.03 (as of 2026-10-02) with a probability of 60.0%. For this scenario to materialize, comparable store sales must track mid-single-digit expansion, supported by steady domestic retail DIY demand and expanding commercial DIFM market share. Operating profit margins must hold stable as distribution efficiencies offset commercial delivery rollout costs. Capital expenditures must begin tapering from peak logistics transformation levels toward maintenance requirements, allowing annual free cash flow to expand and enabling continued share repurchases. Disconfirmation would occur if commercial route competition forces price cuts or if distribution automation costs remain elevated through FY2028.

Mid-single-digit consolidated revenue growth driven by commercial market share capture and stable retail DIY foot traffic
Operating margins stabilize near historical norms as catalog pricing discipline offsets delivery overhead
Logistics capital expenditures taper from peak transformation levels toward maintenance run-rates
Ongoing share repurchases funded entirely through operating cash flow generation

Bull20%

Price target

$3,971.65

+42.2% from spot

In the Bull case, AutoZone reaches Potential value of $3,971.65, delivering 42.2% return from $2,792.03 (as of 2026-10-02) with a probability of 20.0%. For this outcome to occur, the rapid deployment of regional mega-hubs must drive accelerated commercial customer adoption, closing the route density gap with direct peers while preserving retail DIY gross margin discipline. Furthermore, store expansion across Mexico and Brazil must accelerate, lifting international contributions, while distribution automation completes ahead of schedule to sharply lower capital intensity. Disconfirmation would arise if commercial account growth stalls or foreign currency devaluation erodes international earnings by FY2028.

Accelerated commercial DIFM market share gains driven by high-density mega-hub parts availability
Double-digit international store expansion across Latin America with stable local operating margins

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($2,635.86). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.4%	$2,730	$2,789	$2,856	$2,930	$3,015
7.9%	$2,583	$2,631	$2,683	$2,742	$2,807
8.4%	$2,458	$2,497	$2,636	$2,586	$2,638
8.9%	$2,349	$2,381	$2,417	$2,455	$2,497
9.4%	$2,253	$2,280	$2,310	$2,342	$2,377

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E16.5

P25 n/aP50 n/aP75 n/a

Trailing P/E19.4

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC26.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AZO indicators

Market & fundamental data

Available fields

267

Groups with data

Currency

USD

Showing 267 of 267 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000866787
Company name	AutoZone, Inc.
Country	United States
Country code	US
CUSIP number	053332102
Earnings date	2026-12-08
Earnings time	bmo
Employees	132,000
Employees change	2,000
Employees growth	1.54%
Enterprise value	$63.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-08-29
First seen	2026-05-09
Fiscal year end	August
Founded	1979
In index	SP500
Industry	Auto Parts
IPO date	1991-04-01
Is primary listing	Yes
Is SPAC	No
ISIN number	US0533321024
Last 10-K release date	2026-10-26
Last earnings date	2026-09-22
Last refreshed	2026-10-28
Last stock split date	1994-04-21
Last stock split type	Forward
Market cap	$50.8B
Market cap category	Large-Cap
Next earnings date	2026-12-08
Options	Yes
Price	$3,156.26
Price currency	USD
Sector	Consumer Discretionary
SIC code	5531
Stock price date	2026-10-28
Symbol	AZO
U.S. state	Tennessee
Website	https://www.autozone.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	20.66x
Average P/E ratio (10Y)	17.86x
Average P/E ratio (3Y)	22.01x
Average P/E ratio (5Y)	20.41x
Earnings yield	4.83%
EV/Earnings	24.72x
EV/EBIT	17.69x
EV/EBITDA	14.86x
EV/FCF	38.94x
EV/Sales	3.13x
FCF / EV yield	2.57%
FCF yield	3.21%
Forward EV/Sales	2.91x
Forward P/E	18.56x
Forward P/S	2.33x
Industry forward P/E	15.96x
Industry P/E	74.96x
Lynch fair value	$762.75
Lynch upside	-75.88%
P/(FCF - SBC) ratio	34.01x
P/(OCF - SBC) ratio	17.34x
P/E ratio	20.69x
P/FCF ratio	31.16x
P/OCF ratio	16.56x
P/S ratio	2.5x
PEG ratio	1.41x
Price/EBITDA ratio	11.89x
Sector forward P/E	24.24x
Sector P/E	30.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.68%
EBITDA margin	21.04%
Effective tax rate	20.85%
FCF margin	8.17%
Gross margin	51.71%
Operating margin	17.68%
Pretax margin	15.98%
Profit margin	12.65%
Profit per employee	$19,491
Profitable quarters	125
Profitable years	32
Revenue per employee	$154,080
ROA	10.97%
ROA (5Y)	13.12%
ROCE	31.2%
ROIC	26.31%
ROIC (5Y)	34.69%
SBC / revenue	0.67%
Tax / revenue	3.33%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	5.3%
EPS growth (Q)	15.05%
EPS growth (QoQ)	47.23%
EPS growth 10Y	14.13%
EPS growth 3Y	4.85%
EPS growth 5Y	9.89%
EPS growth quarters	1
EPS growth years	0
FCF growth	-18.44%
FCF growth 3Y	-11.64%
FCF growth 5Y	-11.96%
Gross profit growth	6.81%
Gross profit growth (Q)	9.37%
Gross profit growth 3Y	5.48%
Gross profit growth 5Y	6.64%
Net income growth	2.98%
Net income growth (Q)	11.31%
Net income growth (QoQ)	45.22%
Net income growth 3Y	0.58%
Net income growth 5Y	3.46%
Net income growth quarters	1
Net income growth years	0
OCF growth	-5.02%
OCF growth 10Y	6.6%
OCF growth 3Y	-0.31%
OCF growth 5Y	-3.37%
Operating income growth	3.13%
Operating income growth (Q)	10.1%
Operating income growth 3Y	2.34%
Operating income growth 5Y	4.5%
Revenue growth	7.39%
Revenue growth (Q)	5.64%
Revenue growth (QoQ)	36.23%
Revenue growth 10Y	6.7%
Revenue growth 3Y	5.22%
Revenue growth 5Y	6.81%
Revenue growth quarters	24
Revenue growth years	31

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.4B
Depreciation and amortization	$618.8M
EBIT	$3.6B
EBITDA	$4.3B
EPS	$152.55
FCF per share	$101.48
Financing cash flow	$-1.8B
Free cash flow	$1.6B
Free cash flow minus SBC	$1.5B
Gross profit	$10.5B
Income taxes	$677.9M
Investing cash flow	$-1.4B
Net borrowing	$48.3M
Net cash flow	$54.3M
Net income	$2.6B
Operating cash flow minus SBC	$2.9B
Operating income	$3.6B
Revenue	$20.3B
Stock-based compensation	$136.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.7
Book value per share	$-154.73
Debt / EBITDA	2.73
Debt / FCF	8.06
Interest coverage	7.41
Long-term assets	$12.5B
Long-term liabilities	$14B
Net cash (debt)	$-12.7B
Net cash / market cap	-24.97%
Net debt / EBITDA	2.97
Net debt / FCF	7.78
Piotroski F-Score	5
Property, plant and equipment	$11.5B
Shareholders' equity	$-2.5B
Tangible book value	$-2.8B
Tangible book value per share	$-173.44
Total assets	$21.6B
Total cash	$340.1M
Total debt	$13.2B
Total liabilities	$24.1B
WACC	5.72%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.99
Current assets	$9.1B
Current liabilities	$10.1B
Current ratio	0.9
Inventory turnover	1.33
Net working capital	$-925.5M
Quick ratio	0.11
Working capital	$-1B
Working capital turnover	-18.67

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.2%
Dividend yield	0%
Shareholder yield	2.2%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	334.06%
10Y return CAGR	15.82%
10Y total return	334.06%
150-day SMA	$3,139.50
15Y price change	853.31%
15Y return CAGR	16.22%
15Y total return	853.31%
1D price change	0.42%
1M price change	9.77%
1M total return	9.77%
1W price change	-0.23%
1W total return	-0.23%
1Y price change	-17.34%
1Y return CAGR	-17.35%
1Y total return	-17.34%
20-day SMA	$3,013.52
200-day SMA	$3,264.92
20Y price change	2,742.99%
20Y return CAGR	18.22%
20Y total return	2,742.99%
3M price change	2.52%
3M total return	2.52%
3Y price change	28.89%
3Y return CAGR	8.83%
3Y total return	28.89%
50-day SMA	$2,958.60
50-day SMA vs 200-day SMA	50under200
52-week high	$3,996.25
52-week high date	2025-12-01
52-week low	$2,730.65
52-week low date	2026-10-05
5Y price change	72.68%
5Y return CAGR	11.55%
5Y total return	72.68%
6M price change	-11.49%
6M total return	-11.49%
All-time high	$4,388.11
All-time high date	2025-09-11
All-time low	$6.56
All-time low date	1991-04-02
Average true range (ATR)	$78.85
Average volume	175.6K
Beta (1Y)	0.22
Beta (2Y)	0.27
Beta (5Y)	0.4
Change from 52-week high	-21.02%
Change from 52-week low	15.59%
Change from all-time high	-28.15%
Change from all-time low	47,940.07%
Change from open	0.5%
Day's gap	-0.08%
Dollar volume	$380.4M
High price	$3,176.37
Low price	$3,139.96
Monthly RSI	47.98
Open price	$3,140.55
Position in 52-week range	44.77%
Premarket change	-0.26%
Premarket close	$3,143.16
Premarket price	$3,135.00
Premarket volume	632
Previous close	$3,143.16
Price vs 150-day SMA	0.43%
Price vs 20-day SMA	4.62%
Price vs 200-day SMA	-3.43%
Price vs 50-day SMA	6.57%
Relative volume	0.69
RSI	60.52
Sharpe ratio	-0.61
Sharpe ratio (3Y)	0.31
Sharpe ratio (5Y)	0.43
Sortino ratio	-0.63
Sortino ratio (3Y)	0.66
Sortino ratio (5Y)	0.82
Volume	120.5K
Weekly RSI	51
YTD price change	-7.04%
YTD total return	-7.04%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	16.1M
Float percentage	100.15%
Shares change (QoQ)	-1.38%
Shares change (YoY)	-2.2%
Shares held by insiders	0.2%
Shares held by institutions	97.52%
Shares outstanding	16.1M
Short % of float	3.29%
Short % of shares	3.29%
Short ratio	1.3 days

Deeper analysis on AZO

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AZO report

What is the latest published AZO stock rating?

AutoZone Inc. is shown with Hold in the latest published report, analyzed 2026-10-02. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AZO analysis?

The full latest published report, analyzed 2026-10-02, lives at /stocks/AZO/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AZO?

The latest published report analyzed 2026-10-02 gives AZO a fair value of USD 2,636 and a potential value of USD 3,972. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AZO page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-02). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldAZO · Fair value $2,636-5.6%

Read full analysis →

AutoZone Inc. (AZO)

Our latest published analysis: AZO rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · AZO

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AZO indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on AZO

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	4.5
Management	8.5
Balance Sheet	3.0
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	5.5
Competitive Moat	8.0
Earnings Quality	8.0
Capital Efficiency	7.5