AutoZone stock rises 4% due to increased demand for auto parts after Trump's tariffs

From Nasdaq: 2025-03-28 03:57:00

AutoZone (AZO) shares rose 4% to $3,828.11. The increase was driven by higher trading volume, with a 8.5% gain in the past four weeks. President Trump’s 25% tariffs on foreign vehicles have boosted demand for auto parts, benefiting the company.

AutoZone is expected to report earnings of $37.07 per share and revenues of $4.41 billion, up 1% and 4.2% respectively. However, earnings estimates for the quarter have been revised 3.3% lower in the last 30 days, signaling caution for potential investors.

Driven Brands Holdings Inc. (DRVN) in the same industry as AutoZone, saw a 2.9% increase in its stock price, reaching $17.89. The company is expected to report earnings of $0.23 per share, with a Zacks Rank of #3 (Hold). Investors should keep an eye on both companies for future developments.



Read more at Nasdaq: AutoZone (AZO) Soars 4.0%: Is Further Upside Left in the Stock?