Movement Alert｜AutoZone Intraday Rise 3.04% in Regular Trading, rebound follows post-earnings target cuts while JPMorgan keeps Overweight

Market Focus10-23

On October 23, AutoZone rose 3.04% in Regular Trading, trading at $3248.065/share, with turnover of $297 million.

The most relevant recent catalyst in public information is a late-September analyst update: JPMorgan lowered its price target on AutoZone to $3,700 from $3,850 while maintaining an Overweight rating, following a broader round of post-earnings estimate and target revisions.

That backdrop came after AutoZone reported fiscal fourth-quarter EPS of $56.05, above consensus expectations of $54.18, while revenue rose 5.6% to $6.595 billion but missed forecasts near $6.70 billion. Comparable sales increased 1.5% company-wide and 1.6% domestically. Other firms also reduced targets after the release, including Mizuho to $3,000 from $3,200 and Evercore ISI to $3,500 from $3,700, indicating that the stock’s recent trading has been shaped by a mix of earnings resilience and tempered top-line expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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