BMO Capital analyst Tristan M. Thomas-Martin maintained a Buy rating on AutoZone (AZO – Research Report) today and set a price target of $3,850.00.
Tristan M. Thomas-Martin has given his Buy rating due to a combination of factors that highlight AutoZone’s strategic positioning and growth potential. Despite some short-term challenges such as weather-related impacts and tariff concerns, AutoZone is expected to benefit from its ongoing investments in market share expansion, particularly in the commercial sector. The company’s initiatives are anticipated to gain momentum in the second half of the fiscal year, with improvements in both DIY and commercial sales trends.
AutoZone’s ability to consistently capture market share in a fragmented industry, coupled with its strong customer service and extensive store network, positions it well for continued leadership in the automotive aftermarket. The company’s growth in commercial sales and expansion of Hub and Mega Hub locations further support its long-term prospects. While short-term estimates have been adjusted to reflect current investments, the outlook for fiscal year 2026 remains positive, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $3,585.00 price target.