Top Wall Street Forecasters Revamp AutoZone Price Expectations Ahead Of Q2 Earnings

AutoZone, Inc. AZO will release its second-quarter financial results, before the opening bell, on Tuesday, March 4.

Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $28.98 per share, up from $28.89 per share in the year-ago period. AutoZone projects quarterly revenue of $3.98 billion, compared to $3.86 billion a year earlier, according to data from Benzinga Pro.

On Dec. 10, 2024, the automotive retailer reported fiscal first-quarter earnings per share of $32.52, missing the Street view of $33.76.

AutoZone shares gained 1.4% to close at $3,493.01 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Barclays analyst Matthew McClintock maintained an Overweight rating and raised the price target from $3,024 to $3,585 on Jan. 9, 2025. This analyst has an accuracy rate of 84%.
• Argus Research analyst Bill Selesky maintained a Buy rating and increased the price target from $3,560 to $3,678 on Jan. 2, 2025. This analyst has an accuracy rate of 74%.
• TD Cowen analyst Max Rakhlenko maintained a Buy rating and boosted the price target from $3,450 to $3,800 on Dec. 16, 2024. This analyst has an accuracy rate of 66%.
• BMO Capital analyst Tristan Thomas-Martin initiated coverage on the stock with an Outperform rating and a price target of $3,700 on Dec. 13, 2024. This analyst has an accuracy rate of 63%.
• Wells Fargo analyst Zachary Fadem maintained an Overweight rating and increased the price target from $3,450 to $3,750 on Dec. 11, 2024. This analyst has an accuracy rate of 85%.

Considering buying AZO stock? Here’s what analysts think:

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