1302 ET - Since reaching an all-time high in mid-September, AutoZone is off more than 20%, and Oppenheimer thinks it's a good time to buy. Analysts Brian Nagel and Andrew Chasanoff say in a report that investors have been concerned about increased spending and a potential slowdown in sales growth, but those are likely only temporary, according to the analysts. "In our view, recent, stepped-up investment spending, at the chain, is strategic and disciplined in nature, and shares are poised to rebound meaningfully, as expense pressures wane, and signals of sustained, stronger market share dynamics for AZO turn clearer, in coming quarters," the analysts say, reiterating their outperform rating. AutoZone is up 1.6%.(nicholas.miller@wsj.com)
(END) Dow Jones Newswires
January 09, 2026 13:02 ET (18:02 GMT)
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