Latest revenue
$4.27B
as of 2026-02-14
Latest net income
$468.9M
as of 2026-02-14
Net margin
11.0%
as of 2026-02-14
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $56.13B
- Enterprise value
- $65.25B
- P/E (trailing)
- 26.8×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $4388.11
- 52-wk low
- $3210.72
- Beta
- —
- Shares out
- 16.5M
5-year trend
What this company does
AutoZone sells aftermarket auto parts, accessories, and maintenance products through more than 7,000 stores across the US, Mexico, and Brazil. Retail sales to do-it-yourself customers drive the bulk of revenue, supplemented by a fast-growing commercial business serving repair shops. Sales rose 8% to $4.27 billion for the quarter, but operating profit slipped as SG&A outpaced gross margin gains, while the company kept aggressively buying back stock.
Generated from AZO's filing dated 2026-03-20
Key risks
- Margin compression: Q2 operating profit fell to $698M from $707M YoY despite sales rising 8.1%; SG&A grew 8.7% outpacing gross profit growth of 5.4%.
- Leverage: $8.91B long-term debt and $2.91B stockholders' deficit, with aggressive buybacks ($742M YTD) funded partly by commercial paper draws ($102M).
- Inventory build: Merchandise inventories jumped to $7.48B (+$458M since August), consuming $552M of operating cash and signaling potential demand softness or tariff stockpiling.
Generated from AZO's filing dated 2026-03-20
Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-14 | $4.27B | +8.1% | $468.9M | -3.9% | 11.0% |
Q4 2025 2025-11-22 | $4.63B | +8.2% | $530.8M | -6.0% | 11.5% |
Q2 2025 2025-05-10 | $4.46B | +5.4% | $608.4M | -6.6% | 13.6% |
Q1 2025 2025-02-15 | $3.95B | +2.4% | $487.9M | -5.3% | 12.3% |
Q4 2024 2024-11-23 | $4.28B | +2.1% | $564.9M | -4.8% | 13.2% |
Q2 2024 2024-05-04 | $4.24B | — | $651.7M | — | 15.4% |
Q1 2024 2024-02-10 | $3.86B | — | $515.0M | — | 13.3% |
Q4 2023 2023-11-18 | $4.19B | — | $593.5M | — | 14.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Auto & Home Supply Stores · SIC 5531
Your notes
Keep private notes on AZO — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$1.2M
Insider selling
$183.7M
Net activity
−$182.5M
Distinct insiders
10
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AZO
Institutional value
$18.67B
Total shares held
5.7M
Distinct holders
778
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 1.1M | $3.64B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 545.8K | $1.84B | — | New |
| 3 | Fiera Capital Corp | 261.0K | $881.7M | — | New |
| 4 | PineStone Asset Management Inc. | 256.8K | $867.6M | — | New |
| 5 | PARNASSUS INVESTMENTS, LLC | 195.7K | $660.9M | — | New |
| 6 | Mitsubishi UFJ Asset Management Co., Ltd. | 177.7K | $600.2M | — | New |
| 7 | Boston Partners | 136.3K | $460.9M | — | New |
| 8 | Legal & General Group Plc | 109.6K | $370.2M | — | New |
| 9 | Bank of New York Mellon Corp | 108.5K | $366.5M | — | New |
| 10 | Invesco Ltd. | 106.5K | $359.6M | — | New |
| 11 | Vontobel Holding Ltd. | 100.5K | $339.5M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 93.6K | $316.2M | — | New |
| 13 | BLS CAPITAL FONDSMAEGLERSELSKAB A/S | 87.7K | $296.1M | — | New |
| 14 | Allspring Global Investments Holdings, LLC | 82.1K | $281.4M | — | New |
| 15 | Nuveen, LLC | 81.9K | $276.7M | — | New |
| 16 | BAILLIE GIFFORD & CO | 80.3K | $271.2M | — | New |
| 17 | DEUTSCHE BANK AG\ | 66.9K | $226.1M | — | New |
| 18 | UBS Group AG | 65.3K | $220.6M | — | New |
| 19 | ENVESTNET ASSET MANAGEMENT INC | 64.1K | $216.6M | — | New |
| 20 | Russell Investments Group, Ltd. | 63.0K | $212.7M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
SG&A jumped 8.7% YoY to $1.54B while operating profit fell to $698M—what's driving deleverage and when does it reverse?
- 2
What is the $157M 'other non-cash charges' in operating cash flow this quarter, and should investors expect recurrence?
- 3
With $8.9B long-term debt and $2.9B stockholders' deficit, how much further can buybacks go before credit ratings are pressured?
Refreshed when AZO files a new report · last from 2026-03-20