• UBS upgrades AutoZone (NYSE:AZO) to "Buy" with a stock price of approximately $3,830.33 ahead of Q3 earnings.
• Analysts project an increase in earnings per share to $37 and quarterly revenue to $4.41 billion.
• BofA Securities raises AutoZone's price target from $3,900 to $4,800, highlighting its resilience and market share gains.

AutoZone, Inc. (NYSE:AZO) is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company serves both DIY customers and professional installers, offering a wide range of products. AutoZone competes with other major players in the automotive parts industry, such as Advance Auto Parts and O'Reilly Automotive.

On May 23, 2025, UBS updated its rating for AutoZone to "Buy," with the stock priced at approximately $3,830.33. This update comes as AutoZone prepares to release its third-quarter earnings results on May 27. Analysts expect the company to report earnings of $37 per share, up from $36.69 per share in the same period last year, and quarterly revenue of $4.41 billion, an increase from $4.24 billion a year earlier.

Despite a previous earnings miss in the second quarter, where AutoZone reported GAAP earnings per share of $28.29, falling short of the expected $29.39, the company's stock only saw a slight decline of 0.3%. This resilience is reflected in the confidence of analysts like Wells Fargo's Zachary Fadem, who maintains an Overweight rating and has increased the price target from $3,850.

BofA Securities analyst Robert F. Ohmes has also upgraded AutoZone from Neutral to Buy, raising the price target from $3,900 to $4,800. Ohmes cites AutoZone's ability to thrive during economic downturns and its market share gains in both the DIY and professional segments. The analyst projects an EPS of $38.15 for the upcoming quarter, compared to the consensus estimate of $36.80.

AutoZone's stock is currently priced at $3,829.93, experiencing a slight decrease of 0.76%. The stock has seen a 52-week high of $3,916.81 and a low of $2,728.97, with a market capitalization of approximately $64.07 billion. As AutoZone continues to expand its store network and strengthen its Pro business, analysts remain optimistic about its future performance.