AutoZone (AZO) stock
Consumer Discretionary · Automotive Retail
AutoZone (AZO) is an Automotive Retail company in the Consumer Discretionary sector, headquartered in Memphis, Tennessee. As of October 23, 2026, AZO closed at $3,200.76, a market capitalization of $51.77 billion, the 227th largest company in the S&P 500. The stock trades at 20.3x trailing earnings and 16.6x forward earnings.
- 1-year total return: -16.9% (dividends reinvested)
- 5-year return: +11.8% a year
- 52-week range: $2,730.65 – $3,996.25
- FI Handbook report card: B+ across 5 metrics
- 21st largest of 47 Consumer Discretionary stocks in the S&P 500
AZO price chart
1Y price change: -16.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| AZO | +12.6% | -5.6% | -16.9% | +9.6% | +11.8% | +15.7% | +18.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1991.
AZO key statistics
- Market cap
- $51.8B
- #227 in S&P 500
- P/E (TTM)
- 20.3x
- Forward P/E
- 16.6x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.6B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- None
- 52-week range
- $2,731 – $3,996
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
AZO report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA0.0xA
- Forward P/E16.6xB
- PEG ratio1.3xB
- Shareholder yield3.0%B
- Share count change / yr-6.5%A
AutoZone financials
Revenue went from $10.6B in fiscal 2016 to $18.9B in fiscal 2025, growing 6.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6B | $10.9B | $11.2B | $11.9B | $12.6B | $14.6B | $16.3B | $17.5B | $18.5B | $18.9B |
| Gross profit | $5.6B | $5.7B | $6.0B | $6.4B | $6.8B | $7.7B | $8.5B | $9.1B | $9.8B | $10.0B |
| Operating income | $2.1B | $2.1B | $1.8B | $2.2B | $2.4B | $2.9B | $3.3B | $3.5B | $3.8B | $3.6B |
| Net income | $1.2B | $1.3B | $1.3B | $1.6B | $1.7B | $2.2B | $2.4B | $2.5B | $2.7B | $2.5B |
| EPS (diluted) | $40.70 | $44.07 | $48.77 | $63.43 | $71.93 | $95.19 | $117.19 | $132.36 | $149.55 | $144.87 |
| Free cash flow | $1.2B | $1.0B | $1.6B | $1.6B | $2.3B | $2.9B | $2.5B | $2.1B | $1.9B | $1.8B |
| Buybacks | $1.5B | $1.1B | $1.6B | $2.0B | $930.9M | $3.4B | $4.4B | $3.7B | $3.1B | $1.6B |
| Diluted shares | 30.5M | 29.1M | 27.4M | 25.5M | 24.1M | 22.8M | 20.7M | 19.1M | 17.8M | 17.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into AZO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $51.8B and $1.6B of trailing free cash flow, AutoZone needs to grow free cash flow about 22.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -4.6% a year over the last five years.
P/E ratio history
Current 22.1x vs. median 19.2x (10th–90th percentile 14.8x–22.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
AZO analyst price targets
26 analysts' average 12-month target is $3,671 (+15% vs. $3,201). Targets range from $3,000 to $4,700. 85% rate it a buy.
AZO earnings
Next report: December 8, 2026. AutoZone has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Sep 22, 2026 | $53.89 | $56.05 | +4.0% |
| May 26, 2026 | $36.17 | $38.07 | +5.3% |
| Mar 3, 2026 | $27.41 | $27.63 | +0.8% |
| Dec 9, 2025 | $32.58 | $31.04 | -4.7% |
| Sep 23, 2025 | $50.72 | $48.71 | -4.0% |
| May 27, 2025 | $37.27 | $35.36 | -5.1% |
| Mar 4, 2025 | $28.97 | $28.29 | -2.4% |
| Dec 10, 2024 | $33.78 | $32.52 | -3.7% |
Stocks like AZO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 ORLY O'Reilly Automotive | -2.26% | -9% | $72.7B | 28.5x | Compare |
 CVNA Carvana | -1.55% | -15% | $64.1B | 30.6x | Compare |
 AMZN Amazon.com | -0.95% | +12% | $2.7T | 20.0x | Compare |
 TSLA Tesla | -0.63% | -17% | $1.5T | 409.0x | Compare |
 HD Home Depot | -2.41% | -15% | $319.1B | 21.5x | Compare |
 MCD McDonald's | -1.65% | -17% | $175.8B | 20.2x | Compare |
 TJX TJX Companies | -1.57% | +3% | $159.6B | 26.9x | Compare |
 BKNG Booking Holdings Inc. Common St | -3.27% | -23% | $117.1B | 17.3x | Compare |
AZO news
- How Earnings Beat Will Impact AutoZone Stock Investors · Oct 24, 2026
- Here is What to Know Beyond Why AutoZone, Inc. (AZO) is a Trending Stock · Oct 23, 2026
- AutoZone (AZO) Up 11% Since Last Earnings Report: Can It Continue? · Oct 22, 2026
- What Could Lift AutoZone Stock After Its Fall? · Oct 21, 2026
- Is AutoZone Stock Ready For A Year Of Flat Store Sales? · Oct 21, 2026
AZO stock FAQ
What is AZO's market cap?
AutoZone's market capitalization is $51.77 billion as of October 23, 2026, ranking 227th in the S&P 500.
What is AZO's P/E ratio?
AZO trades at a trailing price-to-earnings ratio of 20.3x and a forward P/E of 16.6x. Its median P/E over the period we track is 19.2x.
Does AZO pay a dividend?
No. AutoZone does not currently pay a regular cash dividend.
How much has AZO stock returned?
Including reinvested dividends, AZO returned -16.9% over one year, +11.8% a year over five years, +15.7% a year over ten years through October 23, 2026.
Is AZO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies AutoZone must grow free cash flow about 22% a year for the next decade. Its free cash flow fell 5% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the AZO price target?
26 analysts cover AZO with an average 12-month price target of $3,670.86, +15% from the current price. 85% of them rate it a buy.
When does AZO report earnings?
AutoZone is expected to report earnings on December 8, 2026. It has beaten EPS estimates 3 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology