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AutoZone resumed with a Buy at Roth MKM

Roth MKM analyst Scott Stember resumed coverage of AutoZone with a Buy rating and $3,634 price target AutoZone is an industry leader in the auto parts retail space, which has proven to be recession resistant over prior economic cycles, the analyst tells investors in a research note. The firm says that when adding in a “rapidly growing do-it-for-me and professional offering, the company can maintain a pace of sales and earnings growth through fiscal 2026. It sees a “significant opportunity” in the less-cyclical professional repair segment for AutoZone.

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