AutoZone Trading Volume Drops 35.53% to $772 Million, Ranks 97th in Market

On May 28, 2025, AutoZone's trading volume reached $772 million, a significant 35.53% decrease from the previous day, placing it at the 97th position in the day's stock market rankings. AutoZone's stock price increased by 1.32%.

JPMorgan has adjusted its price target for AutoZone Inc. (NYSE:AZO) to $4,200 from $4,350, while keeping an Overweight rating on the shares. This adjustment comes after AutoZone's FQ3 2025 report, which showed a domestic comparable sales beat but also revealed margin pressures that were worse than expected. The reported earnings were in line with JPMorgan's forecast, which was already below broader Street expectations.

In FQ3, AutoZone reported total sales of $4.5 billion, a 5.4% increase year-over-year. Domestic comparable sales were up 5%, while international comparable sales increased by 8.1% on a constant currency basis. Domestic commercial sales showed strong growth of 10.7% year-over-year, marking the first double-digit growth since FY2023. The commercial segment surpassed $5 billion in sales on a rolling 4-quarter basis for the first time.

The company also opened 54 net new domestic stores and 30 new international stores, bringing the total international store count to 979. JPMorgan noted that the domestic business is stabilizing at a 4% comparable sales rate due to AutoZone's efforts to accelerate market share gains and potential for further pricing. The firm anticipates that AutoZone will continue to invest to gain market share and widen its moat against competitors.