AutoZone reports Q4 results September 22

The auto parts retailer will release fourth-quarter fiscal 2026 earnings before market open, serving as a barometer for retail auto sales and vehicle lifespan trends.

Analysts expect 7.5% revenue growth

Fourth-quarter revenue is forecast to reach $6.71 billion, up 7.49% year-over-year, with earnings per share jumping to $54.14 from $48.71 in the prior year.

Mega-Hub expansion drives competitive edge

AutoZone is aggressively expanding its Mega-Hub supply chain infrastructure to enhance local parts availability and delivery speeds, while commercial sales momentum benefits from an aging vehicle fleet.

Q3 beat shows strong execution

In the third quarter, AutoZone earned $38.07 per share, beating estimates of $36.22, with revenue up 8.4% to $4.84 billion driven by double-digit commercial sales growth.

“We continue to focus on flawless execution, improving product assortments in stores and online, and driving efficiency in our supply chain.”

1.6 billion CapEx fuels growth strategy

AutoZone is investing $1.6 billion in capital expenditures this year and expects similar spending next year, primarily on store expansion, hubs, and mega-hubs to serve both DIY and commercial customers faster.

Stock valued at 19.6x earnings with upside

AutoZone trades at $2,840 with a P/E ratio of 19.6x, while Wall Street maintains a Moderate Buy rating with an average target of $3,946.96, though short-term momentum faces market headwinds.