AutoZone's modeled fair value has been trimmed from about US$3,867.91 to roughly US$3,708.71, a reduction of around 4.1% reflecting updated assumptions in recent research. Analysts link the shift to softer Q4 comps and pressure in the DIY channel, while also weighing AutoZone's push into commercial and do it for me customers and its ongoing store expansion. Several firms including Raymond James, BMO Capital, Roth Capital, Barclays and TD Cowen kept positive ratings while trimming price targets, and Bernstein initiated coverage with an Outperform rating and a US$3,698 target, pointing to a fragmented auto parts aftermarket and the do it for me channel as a key area for share gains. Mizuho took a more cautious stance with a Neutral rating and a cut to US$3,000, questioning AutoZone guidance that embeds transaction growth in fiscal 2027 while same SKU inflation is cited in the 4% to 5% range. In the model, the revenue growth assumption moved from roughly 7.59% to about 6.94%, the net profit margin assumption eased from around 13.17% to about 12.82%, the future P/E shifted from about 22.82x to roughly 22.29x, and the discount rate moved slightly from 8.83% to about 8.81%.
Mizuho Financial Group, Inc.
Barclays PLC
Raymond James Financial Inc.AutoZone IncAnalysts trimmed AutoZone's fair value ~4.1% and cut price targets on softer Q4 comps and DIY-channel pressure, with Mizuho downgrading to Neutral.
