AutoZone (AZO) Stock Forecast, Price Target & Predictions
AZO Stock Forecast
AutoZone stock forecast is as follows: an average price target of $2.72K (represents a -12.99% downside from AZO’s last price of $3.12K) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
AZO Price Target
The average price target for AutoZone (AZO) is $2.72K based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $3.45K to $1.49K. This represents a potential -12.99% downside from AZO's last price of $3.12K.
AZO Analyst Ratings
According to 18 Wall Street analysts, AutoZone's rating consensus is 'Buy'. The analyst rating breakdown for AZO stock is 1 'Strong Buy' (5.56%), 15 'Buy' (83.33%), 2 'Hold' (11.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
AutoZone Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 27, 2024 | Greg Melich | Evercore ISI | $3.28K | $2.94K | 11.49% | 4.95% |
| Jun 06, 2024 | Max Rakhlenko | Cowen & Co. | $3.45K | $2.76K | 24.84% | 10.46% |
| May 22, 2024 | Scot Ciccarelli | Truist Financial | $3.39K | $2.80K | 21.21% | 8.67% |
| May 22, 2024 | Michael Lasser | UBS | $3.34K | $2.82K | 18.40% | 6.94% |
| May 22, 2024 | Simeon Gutman | Morgan Stanley | $3.04K | $2.82K | 7.70% | -2.73% |
| May 22, 2024 | Chris Bottiglieri | Wolfe Research | $3.00K | $2.82K | 6.35% | -3.95% |
| May 22, 2024 | Greg Melich | Evercore ISI | $3.25K | $2.82K | 15.21% | 4.05% |
| May 21, 2024 | Garrett Nelson | CFRA | $3.25K | $2.83K | 14.65% | 4.05% |
| Dec 05, 2023 | Kate McShane | Goldman Sachs | $3.00K | $2.68K | 12.03% | -3.95% |
| Dec 01, 2023 | Seth Basham | Wedbush | $2.75K | $2.62K | 5.02% | -11.95% |
The latest AutoZone stock forecast, released on Jun 27, 2024 by Greg Melich from Evercore ISI, set a price target of $3.28K, which represents a 11.49% increase from the stock price at the time of the forecast ($2.94K), and a 4.95% increase from AZO last price ($3.12K).
AutoZone Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 15 |
| Avg Price Target | - | $3.28K | $3.00K |
| Last Closing Price | $3.12K | $3.12K | $3.12K |
| Upside/Downside | -100.00% | 4.95% | -3.79% |
In the current month, the average price target of AutoZone stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to AutoZone's last price of $3.12K. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 27, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jun 06, 2024 | Cowen & Co. | Buy | Buy | Hold |
| May 22, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| May 22, 2024 | UBS | Buy | Buy | Hold |
| May 22, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 22, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| May 22, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 21, 2024 | CFRA | Buy | Buy | Hold |
| May 07, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 02, 2024 | Cowen & Co. | Buy | Buy | Hold |
AutoZone's last stock rating was published by Evercore ISI on Jun 27, 2024. The company gave AZO a "Outperform" rating, the same as its previous rate.
AutoZone Financial Forecast
AutoZone Revenue Forecast
| Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | Apr 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Feb 19 | Nov 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $3.86B | $4.19B | - | $3.87B | $3.69B | $3.99B | $5.35B | - | $3.37B | $3.67B | $4.91B | $3.65B | $2.91B | $3.15B | $4.55B | $2.78B | $2.51B | $2.79B | - | $2.64B |
| Avg Forecast | $6.67B | $4.77B | $4.31B | $4.64B | $6.29B | $4.47B | $4.06B | $4.38B | $6.24B | $4.29B | $3.84B | $4.19B | $5.61B | $4.12B | $3.56B | $3.86B | $5.16B | $3.17B | $3.37B | $4.57B | $2.76B | $3.14B | $4.18B | $2.57B | $2.76B | $3.93B | $2.68B | $3.85B | $2.39B | $3.44B |
| High Forecast | $6.67B | $4.77B | $4.31B | $4.64B | $6.29B | $4.47B | $4.06B | $4.38B | $6.36B | $4.29B | $3.84B | $4.23B | $5.61B | $4.12B | $3.56B | $3.86B | $5.26B | $3.23B | $3.44B | $4.66B | $2.81B | $3.20B | $4.26B | $2.62B | $2.82B | $4.01B | $3.22B | $4.62B | $2.87B | $4.13B |
| Low Forecast | $6.67B | $4.77B | $4.31B | $4.64B | $6.29B | $4.47B | $4.06B | $4.38B | $5.94B | $4.29B | $3.84B | $4.15B | $5.61B | $4.12B | $3.56B | $3.86B | $4.88B | $3.05B | $3.25B | $4.41B | $2.66B | $3.03B | $4.03B | $2.48B | $2.67B | $3.79B | $2.15B | $3.08B | $1.92B | $2.75B |
| # Analysts | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 13 | 10 | 7 | 12 | 6 | 6 | 6 | 10 | 10 | 8 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 12 | 9 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | - | 0.94% | 1.04% | 1.03% | 1.04% | - | 1.00% | 0.80% | 1.78% | 1.16% | 0.70% | 1.23% | 1.64% | 0.71% | 0.94% | 0.73% | - | 0.77% |
AutoZone's average Quarter revenue forecast for May 24 based on 10 analysts is $4.29B, with a low forecast of $4.29B, and a high forecast of $4.29B. AZO's average Quarter revenue forecast represents a 11.21% increase compared to the company's last Quarter revenue of $3.86B (Feb 24).
AutoZone EBITDA Forecast
| Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | Apr 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Feb 19 | Nov 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 13 | 10 | 7 | 12 | 6 | 6 | 6 | 10 | 10 | 8 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 12 | 9 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $868.21M | $848.60M | - | $785.67M | $669.98M | $832.29M | $1.25B | - | $726.45M | $854.08M | $1.18B | $897.52M | $576.24M | $704.78M | $1.15B | $583.37M | $498.61M | $589.77M | - | $570.27M |
| Avg Forecast | $1.31B | $933.90M | $845.20M | $908.36M | $1.23B | $875.62M | $795.55M | $858.90M | $1.22B | $656.17M | $753.39M | $820.67M | $1.10B | $596.52M | $697.46M | $900.94M | $1.01B | $620.31M | $656.82M | $963.57M | $540.58M | $482.45M | $674.77M | $877.09M | $541.76M | $387.61M | $481.82M | $874.14M | $441.46M | $817.46M |
| High Forecast | $1.31B | $933.90M | $845.20M | $908.36M | $1.23B | $875.62M | $795.55M | $858.90M | $1.25B | $787.40M | $753.39M | $828.55M | $1.10B | $715.82M | $697.46M | $1.08B | $1.03B | $631.93M | $788.19M | $1.16B | $551.57M | $578.94M | $809.72M | $1.05B | $552.78M | $465.13M | $578.18M | $1.05B | $529.75M | $980.96M |
| Low Forecast | $1.31B | $933.90M | $845.20M | $908.36M | $1.23B | $875.62M | $795.55M | $858.90M | $1.16B | $524.93M | $753.39M | $812.80M | $1.10B | $477.21M | $697.46M | $720.75M | $956.91M | $597.44M | $525.46M | $770.86M | $521.41M | $385.96M | $539.81M | $701.67M | $522.55M | $310.09M | $385.45M | $699.31M | $353.17M | $653.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.03% | - | 1.32% | 0.96% | 0.92% | 1.24% | - | 1.11% | 0.89% | 2.18% | 1.86% | 0.85% | 0.80% | 2.12% | 1.51% | 1.03% | 0.67% | - | 0.70% |
10 analysts predict AZO's average Quarter EBITDA for May 24 to be $656.17M, with a high of $787.40M and a low of $524.93M. This is -24.42% lower than AutoZone's previous annual EBITDA (Feb 24) of $868.21M.
AutoZone Net Income Forecast
| Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | Apr 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Feb 19 | Nov 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 13 | 10 | 7 | 12 | 6 | 6 | 6 | 10 | 10 | 8 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 12 | 9 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $515.03M | $593.46M | - | $647.72M | $476.54M | $539.32M | $810.04M | - | $471.75M | $555.24M | $785.77M | $596.16M | $345.95M | $442.43M | $740.46M | $342.90M | $299.28M | $350.34M | - | $351.41M |
| Avg Forecast | $1.16B | $794.68M | $627.09M | $735.76M | $1.01B | $700.36M | $555.56M | $641.38M | $956.52M | $426.11M | $466.27M | $560.76M | $802.34M | $387.37M | $390.09M | $600.41M | $684.00M | $315.91M | $427.00M | $642.15M | $229.28M | $289.64M | $423.60M | $565.19M | $245.03M | $282.98M | $336.06M | $544.75M | $315.14M | $386.45M |
| High Forecast | $1.16B | $794.68M | $627.09M | $735.76M | $1.01B | $700.36M | $555.56M | $641.38M | $1.04B | $511.33M | $466.27M | $597.43M | $802.34M | $464.85M | $390.09M | $720.49M | $700.44M | $323.60M | $512.40M | $770.58M | $235.34M | $347.56M | $508.31M | $678.22M | $251.51M | $339.58M | $403.27M | $653.70M | $378.17M | $463.74M |
| Low Forecast | $1.16B | $794.68M | $627.09M | $735.76M | $1.01B | $700.36M | $555.56M | $641.38M | $883.54M | $340.89M | $466.27M | $523.91M | $802.34M | $309.90M | $390.09M | $480.33M | $635.69M | $300.77M | $341.60M | $513.72M | $218.71M | $231.71M | $338.88M | $452.15M | $233.74M | $226.38M | $268.85M | $435.80M | $252.11M | $309.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.06% | - | 1.67% | 1.22% | 0.90% | 1.18% | - | 1.10% | 0.86% | 3.43% | 2.06% | 0.82% | 0.78% | 3.02% | 1.21% | 0.89% | 0.64% | - | 0.91% |
AutoZone's average Quarter net income forecast for May 24 is $426.11M, with a range of $340.89M to $511.33M. AZO's average Quarter net income forecast represents a -17.26% decrease compared to the company's last Quarter net income of $515.03M (Feb 24).
AutoZone SG&A Forecast
| Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | Apr 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Feb 19 | Nov 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 13 | 10 | 7 | 12 | 6 | 6 | 6 | 10 | 10 | 8 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 12 | 9 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $1.34B | $1.37B | - | $1.22B | $1.26B | $1.27B | $1.65B | - | $1.16B | $1.17B | $1.52B | $1.11B | $1.08B | $1.06B | $1.39B | $998.98M | $958.13M | $1.00B | - | $929.66M |
| Avg Forecast | $2.22B | $1.58B | $1.43B | $1.54B | $2.09B | $1.48B | $1.35B | $1.46B | $2.07B | $1.05B | $1.28B | $1.39B | $1.86B | $951.26M | $1.18B | $1.16B | $1.72B | $1.05B | $900.30M | $1.25B | $916.63M | $902.21M | $1.02B | $1.06B | $918.64M | $905.94M | $960.25M | $1.30B | $833.72M | $1.27B |
| High Forecast | $2.22B | $1.58B | $1.43B | $1.54B | $2.09B | $1.48B | $1.35B | $1.46B | $2.11B | $1.26B | $1.28B | $1.40B | $1.86B | $1.14B | $1.18B | $1.40B | $1.75B | $1.07B | $1.08B | $1.49B | $935.27M | $1.08B | $1.22B | $1.28B | $937.32M | $1.09B | $1.15B | $1.56B | $1.00B | $1.53B |
| Low Forecast | $2.22B | $1.58B | $1.43B | $1.54B | $2.09B | $1.48B | $1.35B | $1.46B | $1.97B | $837.11M | $1.28B | $1.38B | $1.86B | $761.01M | $1.18B | $931.47M | $1.62B | $1.01B | $720.24M | $996.23M | $884.12M | $721.77M | $812.19M | $851.79M | $886.06M | $724.75M | $768.20M | $1.04B | $666.98M | $1.02B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.98% | - | 1.28% | 1.07% | 1.09% | 0.96% | - | 1.29% | 0.94% | 1.66% | 1.23% | 1.06% | 1.00% | 1.52% | 1.10% | 1.00% | 0.77% | - | 0.73% |
AutoZone's average Quarter SG&A projection for May 24 is $1.05B, based on 10 Wall Street analysts, with a range of $837.11M to $1.26B. The forecast indicates a -21.70% fall compared to AZO last annual SG&A of $1.34B (Feb 24).
AutoZone EPS Forecast
| Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | Apr 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Feb 19 | Nov 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 13 | 10 | 7 | 12 | 6 | 6 | 6 | 10 | 10 | 8 | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 12 | 9 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | $28.89 | $33.51 | - | $29.93 | $25.48 | $27.84 | $41.81 | - | $23.00 | $26.45 | $36.72 | $27.15 | $15.27 | $19.05 | $31.67 | $14.66 | $12.70 | $14.67 | $11.71 | $13.71 |
| Avg Forecast | $65.25 | $44.74 | $35.31 | $41.43 | $57.03 | $39.43 | $31.28 | $36.11 | $53.85 | $36.05 | $26.25 | $31.57 | $45.17 | $31.51 | $21.96 | $25.26 | $38.51 | $17.79 | $20.98 | $29.68 | $12.86 | $17.70 | $25.15 | $11.75 | $13.74 | $21.77 | $13.18 | $21.01 | $10.95 | $17.30 |
| High Forecast | $65.25 | $44.74 | $35.31 | $41.43 | $57.03 | $39.43 | $31.28 | $36.11 | $58.27 | $36.05 | $26.25 | $33.64 | $45.17 | $31.51 | $21.96 | $25.26 | $39.44 | $18.22 | $21.53 | $30.46 | $13.20 | $18.17 | $25.81 | $12.06 | $14.11 | $22.34 | $15.82 | $25.21 | $13.14 | $20.76 |
| Low Forecast | $65.25 | $44.74 | $35.31 | $41.43 | $57.03 | $39.43 | $31.28 | $36.11 | $49.75 | $36.05 | $26.25 | $29.50 | $45.17 | $31.51 | $21.96 | $25.26 | $35.79 | $16.93 | $20.01 | $28.31 | $12.27 | $16.89 | $23.99 | $11.21 | $13.11 | $20.76 | $10.54 | $16.81 | $8.76 | $13.84 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.06% | - | 0.95% | 1.16% | 1.10% | 1.09% | - | 1.10% | 0.89% | 2.86% | 1.53% | 0.61% | 1.62% | 2.30% | 0.67% | 0.96% | 0.70% | 1.07% | 0.79% |
According to 10 Wall Street analysts, AutoZone's projected average Quarter EPS for May 24 is $36.05, with a low estimate of $36.05 and a high estimate of $36.05. This represents a 24.80% increase compared to AZO previous annual EPS of $28.89 (Feb 24).
AutoZone Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AAP | Advance Auto Parts | $41.43 | $155.41 | 275.11% | Hold |
| WOOF | Petco Health and Wellness Company | $4.58 | $9.25 | 101.97% | Buy |
| FIVE | Five Below | $96.56 | $148.32 | 53.60% | Buy |
| WSM | Williams-Sonoma | $144.51 | $201.11 | 39.17% | Hold |
| RH | RH | $321.87 | $410.17 | 27.43% | Buy |
| ULTA | Ulta Beauty | $378.34 | $470.92 | 24.47% | Hold |
| GPC | Genuine Parts Company | $137.35 | $170.75 | 24.32% | Hold |
| DKS | DICK'S Sporting Goods | $216.95 | $225.90 | 4.13% | Buy |
| BBY | Best Buy | $98.45 | $96.00 | -2.49% | Buy |
| AZO | AutoZone | $3.12K | $2.72K | -12.99% | Buy |
| TSCO | Tractor Supply Company | $282.96 | $245.76 | -13.15% | Buy |
AZO Forecast FAQ
Is AutoZone a good buy?
Yes, according to 18 Wall Street analysts, AutoZone (AZO) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 15 'Buy' recommendations, accounting for 88.89% of AZO's total ratings.
What is AZO's price target?
AutoZone (AZO) average price target is $2.72K with a range of $1.49K to $3.45K, implying a -12.99% from its last price of $3.12K. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will AutoZone stock go up soon?
According to Wall Street analysts' prediction for AZO stock, the company can go down by -12.99% (from the last price of $3.12K to the average price target of $2.72K), up by 10.46% based on the highest stock price target, and down by -52.29% based on the lowest stock price target.
Can AutoZone stock reach $5K?
AZO's average twelve months analyst stock price target of $2.72K does not support the claim that AutoZone can reach $5K in the near future.
What are AutoZone's analysts' financial forecasts?
AutoZone's analysts financial forecasts for the fiscal year (Aug 2025) are as follows: average revenue is $19.2B (high $19.2B, low $19.2B), average EBITDA is $3.76B (high $3.76B, low $3.76B), average net income is $2.91B (high $2.91B, low $2.91B), average SG&A $6.38B (high $6.38B, low $6.38B), and average EPS is $163.85 (high $163.85, low $163.85). AZO's analysts financial forecasts for the fiscal year (Aug 2026) are as follows: average revenue is $20.38B (high $20.38B, low $20.38B), average EBITDA is $3.99B (high $3.99B, low $3.99B), average net income is $3.32B (high $3.32B, low $3.32B), average SG&A $6.77B (high $6.77B, low $6.77B), and average EPS is $186.72 (high $186.72, low $186.72).
Did the AZO's actual financial results beat the analysts' financial forecasts?
Based on AutoZone's last annual report (Aug 2022), the company's revenue was $16.25B, which missed the average analysts forecast of $16.27B by -0.12%. Apple's EBITDA was $3.72B, beating the average prediction of $3.25B by 14.34%. The company's net income was $2.43B, beating the average estimation of $2.07B by 17.43%. Apple's SG&A was $5.2B, beating the average forecast of $4.91B by 5.88%. Lastly, the company's EPS was $120.83, beating the average prediction of $106.95 by 12.98%. In terms of the last quarterly report (Feb 2024), AutoZone's revenue was $3.86B, beating the average analysts' forecast of $3.84B by 0.37%. The company's EBITDA was $868.21M, beating the average prediction of $753.39M by 15.24%. AutoZone's net income was $515.03M, beating the average estimation of $466.27M by 10.46%. The company's SG&A was $1.34B, beating the average forecast of $1.28B by 4.61%. Lastly, the company's EPS was $28.89, beating the average prediction of $26.25 by 10.05%