NYSE: AZO · Specialty Retail
AutoZone (AZO) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values AutoZone (AZO) at $3,285.11 a share. The stock last closed at $2,792.03, which puts the model's fair value 17.7% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 2 Oct 2026. AutoZone, Inc.
Faircurve Insights · 3 Oct 2026
AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories.
Faircurve's model found a fair value of $3,285.11 a share on 3 Oct 2026, the midpoint of 2,000 simulations. The previous run on 19 Sep 2026 gave $3,064.09, and the fair value moved +7.2%. The calibrated range over 63 trading days is $2,740.81 to $3,982.58, built from the fair value, since there is no live options data for the stock. Ranges built this way held the price 60% of the time at this horizon, and the evidence grade is Medium.
The company's overall quality score is 60 out of 100 against comparable companies. The model compares it with eBay Inc., O'Reilly Automotive, Inc., Williams-Sonoma, Inc., MercadoLibre, Inc., Ulta Beauty, Inc., Casey's General Stores, Inc., and Best Buy Co., Inc. Moves around the last 8 earnings reports show a median size of 2.2%, ignoring direction.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give AZO?
The calibrated range for AZO over 63 trading days is $2,740.81 to $3,982.58. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $2,352.01 to $4,434.29. In 66% of the simulations the fair value came out above the price the model ran on.
How does AZO score on business quality?
AutoZone's overall quality score is 60 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 88 | 30.6%ROIC | 29.1% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 34 | 0.44xFCF / net income | 0.98x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 62 | 7.4%Revenue growth, trailing | 6.7% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 58 | 2.9%Net buybacks / market value | 3.8% |
| Balance sheetNet debt to EBITDA and interest coverage. | 44 | 2.89xNet debt / EBITDA | 3.16x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 39 | 1.6 ptsEBITDA margin downside volatility, 5y | 1.0 pts |
How does AZO compare with similar companies?
The companies in specialty retail closest to AutoZone in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| EBAY eBay Inc. | $106.40 | $114.06 | +7.2% | Fairly valued |
| ORLY O'Reilly Automotive, Inc. | $84.90 | $88.57 | +4.3% | Fairly valued |
| WSM Williams-Sonoma, Inc. | $232.30 | $209.45 | -9.8% | Fairly valued |
| MELI MercadoLibre, Inc. | $1,696.56 | $1,802.65 | +6.3% | Fairly valued |
| ULTA Ulta Beauty, Inc. | $543.69 | $564.04 | +3.7% | Fairly valued |
| CASY Casey's General Stores, Inc. | $617.76 | $604.94 | -2.1% | Fairly valued |
| PDD PDD Holdings Inc. | $75.38 | $84.77 | +12.5% | Low evidence grade |
| BBY Best Buy Co., Inc. | $87.97 | $111.32 | +26.5% | Undervalued |
When does AZO report earnings, and how has the stock reacted?
AutoZone's next earnings report is scheduled for 8 Dec 2026. Companies can move their dates.
How AZO moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.2%.
| Report date | Two session move |
|---|---|
| 22 Sep 2026 | +1.4% |
| 26 May 2026 | -11.1% |
| 3 Mar 2026 | -4.3% |
| 9 Dec 2025 | -9.2% |
| 23 Sep 2025 | +1.4% |
| 27 May 2025 | -2.1% |
| 4 Mar 2025 | +2.2% |
| 10 Dec 2024 | +0.6% |
AutoZone at a glance
AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories.
- Market value
- $45.6B
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Revenue expected, next twelve months
- $22.0B
- Consensus revenue growth, next fiscal year
- +7.3%
- Analysts with estimates
- 21
- Beta to the US market
- 0.00
- First valued by Faircurve
- 1 May 2026
How the fair value is worked out: the model prices AutoZone on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for AZO was $3,064.09. As of 3 Oct 2026 it is $3,285.11, a change of +7.2%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about AutoZone's valuation
Is AutoZone stock undervalued or overvalued?
On Faircurve's model, AZO reads as Undervalued as of 3 Oct 2026. The model's fair value is $3,285.11 a share against a last close of $2,792.03, a gap of +17.7%.
What is AZO's fair value?
$3,285.11 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $2,352.01 to $4,434.29.
What price range does the model give AZO?
$2,740.81 to $3,982.58 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does AutoZone report earnings next?
The next report is scheduled for 8 Dec 2026. Companies can move their dates.
How much has AZO moved on past earnings reports?
Across its last 8 reports the median two session move was 2.2%, ignoring direction. The largest was -11.1% around the report of 26 May 2026.
How confident is the model in this valuation?
The model's evidence grade for AZO is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.