BofA Securities Reiterates Buy Rating on AutoZone (AZO)

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $4,800.00 price target on AutoZone (NYSE: AZO)

The analyst commented, "AutoZone (AZO) reported its F2Q results (12 weeks ending February 14, 2026), including EPS of $27.63 (vs. Street $26.99 and BofAe $27.56) on 3.4% domestic comps (vs. Street 4.9% and BofAe 5.5%). A lower than expected tax rate (20.7% vs. AZO guide on 1Q EPS call to model ~22.5%) contributed $0.63 to EPS. Both DIY and Pro sales grew in F2Q, led by 9.8% Pro comps growth (average ticket growth 5%+). Within the quarter, the last four-week segment in Pro slowed to 7.3% from double digit growth in the first eight weeks due to winter storm impact, but weather and tax refunds could bring upside for the remainder of F26. Inflation was 5%+ in Pro and 6% in DIY and should continue to help average ticket through F3Q26 and peak in F4Q... We reiterate our Buy rating and our $4,800 PO based on 25x F27E EPS as we are confident in AZO’s recession resilient history, ongoing share gains in both DIY and Pro, potential inflation benefit from price increases, potentially more favorable used vs. new car dynamics, continued Pro tailwind from maturing commercial programs and roll-out of hubs and mega hubs (300 mega hubs at full buildout)."

For an analyst ratings summary and ratings history on AutoZone click here. For more ratings news on AutoZone click here.

Shares of AutoZone closed at $3882.47 yesterday.

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