AZO

AutoZone, Inc.

Consumer Cyclical · $45.8B market cap

Verdict

Share price

$2,792.03

close of Oct 3, 2026

Fair value

$3,186.48

Sticker Price

Payback Price

$1,274.59

buy price

Undervalued

AZO is Undervalued: at $2,792.03 it trades 12% below its fair value of $3,186.48. Its buy price (Payback Price) is $1,274.59, 54% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth17.1% a year✓
Equity per share growth-37.8% a year✗
Sales growth6.5% a year✗
Free cash flow growth7.5% a year✗
Return on invested capital20.8%✓

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Superinvestors

1 of the investors we track holds AZO. In Q1 2026, 1 sold out. Who we track

Moves in Q1 2026

Sold out: Pat Dorsey

Insider activity

Since Jul 10, 2026: no open-market purchases, 1 sale worth $4.5M and 4 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About AutoZone, Inc.

AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories. The company's comprehensive inventory caters to a diverse range of vehicles, including cars, sport utility vehicles, vans, and light trucks. Their product offerings encompass both new and remanufactured critical hard parts, essential maintenance items, various accessories, and a selection of…

Specialty Retail

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works