From Yahoo Finance: 2025-05-28 19:00:00

Jefferies raised AutoZone, Inc.’s price target to $4,255 from $4,000 with a Buy rating despite Q3 earnings per share falling short at $35.36. Sales grew by 5.4%, with the DIFM sector up 10.7% and DIY up 3%. Operating profit decreased 3.8% to $866.2 million, and gross margin dropped to 52.7%.

Jefferies remains confident in AutoZone’s momentum into Q4, focusing on expanding market share in the DIFM sector and investing in megahub rollout for improved parts availability. AutoZone is a retailer and distributor of automotive parts with 7,000+ stores. It serves DIY customers and professional repair shops in the US and select Latin American markets.

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Read more: Jefferies Raises AutoZone Price Target to $4,255 Despite Earnings Miss