AutoZone, Inc. (NYSE:AZO) Stock Update and Earnings Forecast

• Scot Ciccarelli from Truist Financial sets a price target of $3,995 for AutoZone, indicating a potential increase of about 4.31%.
• AutoZone's upcoming third-quarter earnings are expected to show growth with earnings of $37 per share and quarterly revenue of $4.41 billion.
• Despite a slight decline in the previous quarter's stock price, Wells Fargo analyst Zachary Fadem maintains an Overweight rating on AutoZone and increases the price target.

AutoZone, Inc. (NYSE:AZO) is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company operates thousands of stores across the country, providing a wide range of products for cars, trucks, and other vehicles. AutoZone competes with other major players in the automotive parts industry, such as Advance Auto Parts and O'Reilly Auto Parts.

On May 23, 2025, Scot Ciccarelli from Truist Financial set a price target of $3,995 for AutoZone. At that time, the stock was priced at $3,829.93, suggesting a potential increase of about 4.31% to reach the target. This optimistic outlook aligns with the company's upcoming third-quarter earnings release, which is expected to show growth.

AutoZone is set to announce its third-quarter earnings results on May 27. Analysts predict earnings of $37 per share, up from $36.69 per share in the same period last year. The anticipated quarterly revenue is $4.41 billion, an increase from $4.24 billion a year earlier. These figures indicate a positive trend in the company's financial performance.

In the previous quarter, AutoZone reported GAAP earnings per share of $28.29, which was below the market's expectation of $29.39. This led to a slight decline of 0.3% in the stock price, closing at $3,859.25. Despite this, Wells Fargo analyst Zachary Fadem has maintained an Overweight rating on AutoZone and increased the price target from $3,850, indicating confidence in the company's future performance.

Currently, AutoZone's stock is priced at $3,829.93, experiencing a decrease of approximately 0.76% today. The stock has traded between a low of $3,821.95 and a high of $3,889 during the day. Over the past year, it has reached a high of $3,916.81 and a low of $2,728.97. With a market capitalization of approximately $64.07 billion and a trading volume of 126,280 shares, AutoZone remains a significant player in the automotive parts industry.