AutoZone Shares Sliding Due to Tariffs and Increased Business Expenses

AutoZone shares are down 2.7% after Morgan Stanley highlighted potential headwinds, including tariffs and increased investments in business operations. Despite concerns, the analysis noted that the company could still benefit from favorable long-term trends within the auto parts industry. The stock has had no moves greater than 5% over the last year, indicating the market considers this news meaningful. AutoZone is up 18.5% this year and trading 11.6% below its 52-week high.