AZO

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AZO Q2 EPS $27.63 Beats Estimate → Revenue +8.1% YoY, Oppenheimer Raises PT to $4,300

AutoZone reported Q2 2026 EPS of $27.63, beating the $27.40 estimate, with revenues rising 8.1% year-over-year to $4.27 billion, though slightly missing the $4.35 billion consensus as a LIFO charge compressed gross margin 137 basis points to 52.5%. Oppenheimer raised its price target to $4,300 from $4,150 and Argus upgraded the stock to Buy on expected profit inflection, with 21 of 22 analysts recommending a Buy as AutoZone plans to open over 350 new stores globally in fiscal 2026. Risks include persistent margin pressure from inventory cost timing and macroeconomic sensitivity in the auto parts aftermarket, with the stock at $3,673 near the lower end of its 52-week range of $3,211-$4,388.

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