AutoZone, Inc. · AZO · FY2026 Q4 · Calendar Q3 2026

AutoZone pairs record expansion with strong commercial momentum

The quarter supports a constructive operating thesis: commercial demand, Mega Hub expansion, store growth, and supply-chain investment are supporting sales momentum. The counterweight is that domestic same-store growth is guided only to flat-to-low single digits, while tariff refunds, LIFO charges, inflation, SG&A, and expansion costs may affect margin and returns.

Reported Before market openNYSEConsumer Cyclical $45.76B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS Consensus $54.08
EPS surprise Reported versus consensus
Reported revenue Consensus $6.70B
Revenue surprise Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +3.9% Event window
SPY move +0.0% Same window
Abnormal move +3.9% Stock minus SPY
Volume 1.7× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
AZOSPY benchmark

Ask FN2 about AZO FY2026 Q4

Transcript, numbers and history already loaded

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

Compared with the prior quarter, the company reported FY2026 Q4 results and shifted from a FY2026 store-opening target of approximately 365 to a FY2027 plan for approximately 400 new stores. Management also highlighted a $96 million IEEPA tariff refund, a $15 million non-cash LIFO charge, the 8,000th store milestone, and a newly expanded Monterrey distribution center.

Guidance delta

Guidance sentiment was maintained. FY2027 guidance projects flat to low-single-digit domestic same-store growth, high-single- to low-double-digit commercial growth, and low- to mid-single-digit international growth.

Key takeaways

  • Management reported Q4 FY2026 sales growth of 5.6% and EPS growth of 15.1%.
  • AutoZone opened 374 stores in FY2026 and reached more than 8,000 locations, including its 1,000th store in Mexico.
  • Commercial sales grew 8.6% year over year, supported by Mega Hubs and improved inventory availability.
  • Management highlighted a $96 million IEEPA tariff refund and a $15 million non-cash LIFO charge in Q4.
  • CapEx of roughly $1.5-$1.65 billion supported stores, Mega Hubs, and supply-chain upgrades, with a similar or slightly higher level planned for FY2027.

Management priorities

  • Open approximately 400 new stores in FY2027 and target approximately 300 Mega Hubs over the next three years.
  • Continue investing in supply-chain, technology upgrades, and cloud-based platforms.
  • Break ground on a new León, Mexico distribution center slated for late FY2028.
  • Increase market share in DIY and professional commercial segments.
  • Maintain an aggressive share-repurchase program.

Follow AZO with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
AZO EPS earnings history estimate and actual scatter chart 7 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $31.49 Q1 '24 actual $32.55, beat Q2 '24 estimate $26.28 Q2 '24 actual $28.89, beat Q4 '24 estimate $53.53 Q4 '24 actual $51.58, miss Q4 '25 estimate $50.73 Q4 '25 actual $48.71, miss Q1 '26 estimate $32.75 Q1 '26 actual $31.04, miss Q2 '26 estimate $27.15 Q2 '26 actual $27.63, beat Q3 '26 estimate $36.22 Q3 '26 actual $38.07, beat Q4 '26 estimate $54.08 Q1 '27 estimate $37.76 Q2 '27 estimate $32.28 Q3 '27 estimate $42.66

Analyst Consensus ?

ConsensusBuy45 ratings
Bullish3373.3%
Neutral1226.7%
Bearish00.0%

Analyst 52W Price Targets

$2,894.73Current
$1,490Low
$3,459.84Average
$4,800High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Evercore ISI Group Outperform OutperformMaintainSep 21, 2026
Oppenheimer Outperform OutperformMaintainSep 18, 2026
Citigroup Buy BuyMaintainSep 14, 2026
Wells Fargo Overweight OverweightMaintainSep 10, 2026
TD Cowen Buy BuyMaintainAug 31, 2026
Barclays Overweight OverweightMaintainAug 4, 2026
Truist Securities Buy BuyMaintainMay 27, 2026
Roth Capital Buy BuyMaintainMay 27, 2026
Morgan Stanley Overweight OverweightMaintainMay 27, 2026
Mizuho Neutral NeutralMaintainMay 27, 2026
JP Morgan Overweight OverweightMaintainMay 27, 2026
Guggenheim Buy BuyMaintainMay 27, 2026
DA Davidson Buy BuyMaintainMay 27, 2026
BMO Capital Outperform OutperformMaintainMay 27, 2026
Baird Neutral NeutralMaintainMay 27, 2026
Argus Research Buy HoldUpgradeMar 9, 2026
Wolfe Research Peer Perform OutperformDowngradeDec 16, 2025
UBS Buy BuyMaintainDec 10, 2025
Goldman Sachs Buy NeutralUpgradeNov 13, 2025
Raymond James Strong Buy Strong BuyMaintainSep 24, 2025
B of A Securities Buy NeutralUpgradeMay 21, 2025
Wedbush Outperform OutperformMaintainMar 5, 2025
Roth MKM Buy BuyMaintainMar 5, 2025
Stephens & Co. Overweight OverweightMaintainDec 6, 2023
Jefferies Buy BuyMaintainSep 20, 2022
MKM Partners Buy BuyMaintainJun 23, 2022
Credit Suisse Outperform OutperformMaintainSep 22, 2021
RBC Capital Sector Perform Sector PerformMaintainMay 26, 2021
Atlantic Equities Overweight NeutralUpgradeSep 8, 2020
Nomura Instinet Buy BuyMaintainMay 27, 2020
Nomura Buy BuyMaintainMay 27, 2020
CFRA Buy Strong BuyDowngradeMay 26, 2020
Citi Buy BuyMaintainSep 13, 2019
Deutsche Bank Buy BuyMaintainFeb 27, 2019
Argus Buy BuyMaintainDec 6, 2018
Bank of America Neutral BuyDowngradeSep 17, 2018
Moffett Nathanson Neutral NeutralMaintainDec 4, 2017
Susquehanna Neutral NeutralMaintainAug 25, 2016
BTIG Research Buy BuyMaintainJun 1, 2016
Gabelli & Co. Buy BuyMaintainApr 15, 2016
Sterne Agee Neutral UnderperformUpgradeMar 4, 2015
William Blair Perform Market PerformMaintainSep 30, 2014
Argus Capital Hold BuyDowngradeSep 25, 2014
Stifel Nicolaus Hold BuyDowngradeJul 18, 2014
Stifel Hold BuyDowngradeJul 18, 2014
Show less

Named analyst price targets

Upside is calculated against the persisted current price $2,894.73. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Evercore ISIAnalyst unavailable$3,500$2,829.81 +20.9%Sep 21, 2026
OppenheimerAnalyst unavailable$3,500$2,832.92 +20.9%Sep 18, 2026
Wells FargoZachary Fadem$3,500$2,910.97 +20.9%Sep 10, 2026
Piper SandlerAnalyst unavailable$3,500$2,977.82 +20.9%Aug 31, 2026
BarclaysSeth Sigman$3,637$2,990.27 +25.6%Aug 4, 2026
Truist FinancialScot Ciccarelli$3,817$3,058.79 +31.9%May 27, 2026
Truist FinancialAnalyst unavailable$3,700$3,068.6 +27.8%May 27, 2026
D.A. DavidsonMichael Baker$3,750$2,999.47 +29.5%May 27, 2026
Roth CapitalAnalyst unavailable$4,023$3,100.11 +39.0%May 27, 2026
Morgan StanleyAnalyst unavailable$3,605$3,100.11 +24.5%May 27, 2026
GuggenheimAnalyst unavailable$4,000$3,100.11 +38.2%May 27, 2026
BMO CapitalAnalyst unavailable$4,000$3,100.11 +38.2%May 27, 2026
Mizuho SecuritiesAnalyst unavailable$3,200$3,100.11 +10.5%May 27, 2026
Robert W. BairdAnalyst unavailable$3,600$3,100.11 +24.4%May 27, 2026
Argus ResearchAnalyst unavailable$4,325$3,672.68 +49.4%Mar 9, 2026
D.A. DavidsonMichael Baker$4,300$3,742.02 +48.5%Mar 5, 2026
Mizuho SecuritiesDavid Bellinger$3,600$3,694.41 +24.4%Mar 5, 2026
Truist FinancialScot Ciccarelli$4,045$3,663.82 +39.7%Mar 4, 2026
UBSAnalyst unavailable$4,800$3,637.17 +65.8%Mar 3, 2026
D.A. DavidsonMichael Baker$4,100$3,675.79 +41.6%Mar 3, 2026
Robert W. BairdAnalyst unavailable$3,900$3,681.26 +34.7%Feb 9, 2026
UBSMichael Lasser$4,555$3,763.27 +57.4%Feb 4, 2026
Morgan StanleySimeon Gutman$4,000$3,472.66 +38.2%Jan 15, 2026
BarclaysAnalyst unavailable$3,880$3,318.08 +34.0%Jan 8, 2026
Mizuho SecuritiesDavid Bellinger$3,550$3,303.82 +22.6%Jan 5, 2026
Truist FinancialScot Ciccarelli$4,076$3,415.43 +40.8%Dec 10, 2025
JefferiesBret Jordan$4,400$3,428.95 +52.0%Dec 10, 2025
Roth CapitalScott Stember$4,650$3,390 +60.6%Dec 10, 2025
D.A. DavidsonMichael Baker$4,500$3,405.34 +55.5%Dec 10, 2025
Mizuho SecuritiesAnalyst unavailable$3,850$3,394.07 +33.0%Dec 10, 2025
GuggenheimAnalyst unavailable$4,400$3,493.36 +52.0%Dec 10, 2025
BMO CapitalAnalyst unavailable$4,400$3,493.36 +52.0%Dec 10, 2025
UBSAnalyst unavailable$4,325$3,493.36 +49.4%Dec 10, 2025
Wells FargoZachary Fadem$4,500$3,493.36 +55.5%Dec 10, 2025
BarclaysAnalyst unavailable$4,318$3,493.36 +49.2%Dec 10, 2025
Evercore ISIGreg Melich$4,100$3,493.36 +41.6%Dec 10, 2025
Robert W. BairdJustin Kleber$4,500$3,822.92 +55.5%Dec 3, 2025
D.A. DavidsonMichael Baker$4,850$3,680.24 +67.5%Nov 6, 2025
BMO CapitalTristan Thomas-Martin$4,600$4,147.26 +58.9%Sep 25, 2025
Raymond JamesBobby Griffin$4,800$4,090.48 +65.8%Sep 24, 2025
Morgan StanleySimeon Gutman$4,700$4,099.32 +62.4%Sep 24, 2025
Wells FargoZachary Fadem$4,700$4,120 +62.4%Sep 24, 2025
Evercore ISIGreg Melich$4,500$4,166.32 +55.5%Sep 18, 2025
Wolfe ResearchAnalyst unavailable$4,741$4,232.57 +63.8%Sep 17, 2025
Truist FinancialAnalyst unavailable$4,504$4,232.57 +55.6%Sep 17, 2025
Roth CapitalScott Stember$4,135$3,749.81 +42.8%Jun 2, 2025
D.A. DavidsonMichael Baker$4,192$3,829.93 +44.8%May 23, 2025
Evercore ISIGreg Melich$3,950$3,879.97 +36.5%May 19, 2025
BMO CapitalAnalyst unavailable$3,850$3,555.88 +33.0%Mar 5, 2025
D.A. DavidsonAnalyst unavailable$3,500$3,555.88 +20.9%Mar 5, 2025
GuggenheimAnalyst unavailable$3,850$3,555.88 +33.0%Mar 5, 2025
Roth CapitalAnalyst unavailable$3,763$3,555.88 +30.0%Mar 5, 2025
Raymond JamesAnalyst unavailable$4,000$3,555.88 +38.2%Mar 5, 2025
Wells FargoAnalyst unavailable$3,850$3,555.88 +33.0%Mar 5, 2025
UBSAnalyst unavailable$4,025$3,555.88 +39.0%Mar 5, 2025
Argus ResearchBill Selesky$3,678$3,250 +27.1%Jan 2, 2025
BMO CapitalTristan Thomas-Martin$3,700$3,370.27 +27.8%Dec 13, 2024
Evercore ISIGreg Melich$3,450$3,342.72 +19.2%Dec 11, 2024
Truist FinancialScot Ciccarelli$3,753$3,342.72 +29.6%Dec 11, 2024
UBSMichael Lasser$3,875$3,342.72 +33.9%Dec 11, 2024
Wells FargoZachary Fadem$3,750$3,342.72 +29.5%Dec 11, 2024
Evercore ISIGreg Melich$3,390$3,337.23 +17.1%Dec 9, 2024
Roth CapitalScott Stember$3,634$3,100 +25.5%Oct 16, 2024
Goldman SachsKate McShane$2,917$3,129.78 +0.8%Oct 14, 2024
Argus ResearchBill Selesky$3,560$3,189.33 +23.0%Sep 27, 2024
Truist FinancialScot Ciccarelli$3,341$3,051.15 +15.4%Sep 25, 2024
Mizuho SecuritiesDavid Bellinger$3,350$3,043.97 +15.7%Sep 25, 2024
CitigroupSteven Zaccone$3,500$3,043.97 +20.9%Sep 25, 2024
CFRAGarrett Nelson$3,300$3,036.18 +14.0%Sep 24, 2024
OppenheimerBrain Nagel$2,600$3,031.42 -10.2%Sep 20, 2024
Evercore ISIGreg Melich$3,350$3,040.09 +15.7%Sep 20, 2024
BarclaysMatthew McClintock$3,024$3,123.36 +4.5%Sep 16, 2024
Evercore ISIGreg Melich$3,278$2,940.11 +13.2%Jun 27, 2024
Cowen & Co.Max Rakhlenko$3,450$2,763.55 +19.2%Jun 6, 2024
Truist FinancialScot Ciccarelli$3,394$2,800.01 +17.2%May 22, 2024
UBSMichael Lasser$3,340$2,820.83 +15.4%May 22, 2024
Morgan StanleySimeon Gutman$3,038$2,820.83 +4.9%May 22, 2024
Wolfe ResearchChris Bottiglieri$3,000$2,820.83 +3.6%May 22, 2024
Evercore ISIGreg Melich$3,250$2,820.83 +12.3%May 22, 2024
CFRAGarrett Nelson$3,250$2,834.66 +12.3%May 21, 2024
Goldman SachsKate McShane$3,000$2,677.85 +3.6%Dec 5, 2023
Truist FinancialScot Ciccarelli$2,933$2,618.57 +1.3%Dec 1, 2023
Morgan StanleySimeon Gutman$2,750$2,577.02 -5.0%Sep 20, 2023
StephensDaniel Imbro$2,800$2,535.29 -3.3%Sep 18, 2023
UBSMichael Lasser$2,900$2,493.83 +0.2%Jun 16, 2023
Evercore ISIGreg Melich$2,700$2,399.11 -6.7%Jun 12, 2023
BarclaysAnalyst unavailable$2,663$2,419.81 -8.0%Feb 8, 2023
Raymond JamesBobby Griffin$2,600$2,465.89 -10.2%Dec 7, 2022
Truist FinancialAnalyst unavailable$2,800$2,482.04 -3.3%Dec 7, 2022
UBSAnalyst unavailable$2,540$2,449.79 -12.3%Dec 7, 2022
Wells FargoAnalyst unavailable$2,850$2,545.98 -1.5%Nov 29, 2022
StephensDaniel Imbro$2,400$2,243.65 -17.1%Oct 5, 2022
Argus ResearchAnalyst unavailable$2,330$2,111.42 -19.5%Sep 27, 2022
Truist FinancialAnalyst unavailable$2,292$2,117.34 -20.8%Sep 20, 2022
J.P. MorganChristopher Horvers$2,450$2,097.59 -15.4%Sep 20, 2022
JefferiesAnalyst unavailable$2,450$2,114.68 -15.4%Sep 20, 2022
J.P. MorganAnalyst unavailable$2,660$2,114.68 -8.1%Sep 20, 2022
WedbushAnalyst unavailable$2,350$2,101.21 -18.8%Sep 20, 2022
CitigroupAnalyst unavailable$2,520$2,114 -12.9%Sep 20, 2022
UBSAnalyst unavailable$2,260$2,216.56 -21.9%Sep 12, 2022
Wells FargoAnalyst unavailable$2,450$2,198.74 -15.4%Sep 9, 2022
Raymond JamesAnalyst unavailable$2,350$2,224.32 -18.8%Jul 20, 2022
MKM PartnersDavid Bellinger$2,350$2,159.81 -18.8%Jul 2, 2022
Goldman SachsKate McShane$2,296$2,159.81 -20.7%Jul 2, 2022
Goldman SachsKate McShane$2,296$2,169.27 -20.7%Jun 28, 2022
Morgan StanleySimeon Gutman$2,420$2,013.81 -16.4%Jun 16, 2022
StephensAnalyst unavailable$2,285$1,964.66 -21.1%May 26, 2022
Truist FinancialScot Ciccarelli$2,174$1,928.31 -24.9%May 25, 2022
D.A. DavidsonAnalyst unavailable$1,920$1,938.13 -33.7%May 25, 2022
Raymond JamesAnalyst unavailable$2,400$2,175.95 -17.1%Apr 19, 2022
CitigroupSteven Zaccone$2,210$1,878.77 -23.7%Mar 2, 2022
UBSMichael Lasser$2,100$1,951.16 -27.5%Jan 28, 2022
D.A. DavidsonMichael Baker$2,100$2,084.52 -27.5%Dec 30, 2021
OppenheimerBrian Nagel$2,500$1,965.83 -13.6%Dec 9, 2021
WedbushSeth Basham$2,250$1,988.86 -22.3%Dec 8, 2021
Goldman SachsKate McShane$2,045$1,988.86 -29.4%Dec 8, 2021
StephensDaniel Imbro$2,210$1,988.86 -23.7%Dec 8, 2021
CFRAGarrett Nelson$1,925$1,911.84 -33.5%Nov 15, 2021
Bank of America SecuritiesElizabeth Lane Suzuki$1,490$1,683.76 -48.5%Sep 22, 2021
Credit SuisseLavesh Hemnani$1,785$1,683.76 -38.3%Sep 22, 2021
Show less

Track every rating change on AZO the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories. The company's comprehensive inventory caters to a diverse range of vehicles, including cars, sport utility vehicles, vans, and light trucks. Their product offerings encompass both new and remanufactured critical hard parts, essential maintenance items, various accessories, and a selection of non-automotive goods. Key automotive components available include A/C compressors, batteries, bearings, belts, hoses, brake calipers, chassis parts, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting systems, mufflers, radiators, starters, alternators, thermostats, water pumps, and tire repair kits. For vehicle upkeep, AutoZone supplies antifreeze, windshield washer fluid, an extensive array of brake components (drums, rotors, shoes, pads), various automotive fluids (brake, power steering, oil, transmission), oil and fuel additives, and filters for oil, cabin air, engine air, fuel, and transmission.…

Historical context

All AZO earnings

Consumer Cyclical peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

Get the AZO recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-09-22T19:11:33.801620+00:00
  2. FN2 earnings calendar · 2026-09-22T01:23:13.095912+00:00
  3. Polygon adjusted daily market bars · 2026-09-22T19:20:53.695393+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T19:20:53.692528+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-22. For educational purposes only; not investment advice.