In a report released today, Scot Ciccarelli from Truist Financial maintained a Buy rating on AutoZone (AZO – Research Report), with a price target of $4,038.00.
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Scot Ciccarelli has given his Buy rating due to a combination of factors that highlight AutoZone’s strong performance and potential for growth. The company has shown impressive sales growth, particularly in its Commercial segment, achieving its best comparable sales growth in approximately two years. Despite some margin pressures, these are expected to be temporary, with improvements anticipated as early as the next quarter.
AutoZone’s strategic investments and initiatives are contributing to market share gains across various channels and customer segments. The company has managed to achieve this growth without relying on same-SKU inflation, which could provide additional upside as tariff-related price increases take effect. Although there are some short-term challenges, such as foreign exchange impacts and investment spending, the overall outlook remains positive, with expectations for margin stabilization and continued sales growth, justifying the Buy rating.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $3,763.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZO in relation to earlier this year.