BMO Lowers AutoZone Stock Price Target

Analysts cite concerns about the auto parts retailer's outlook

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

BMO Capital Markets has lowered its target price for AutoZone (NYSE:AZO) stock from $4,400 to $4,300, citing a more cautious outlook for the auto parts retailer. The firm maintained its 'outperform' rating on the stock, but reduced its price target, which still represents a potential upside of 16.83% from the stock's current trading price.

Why it matters

AutoZone is one of the largest auto parts retailers in the United States, so changes to its stock price target can impact investor sentiment and the company's overall valuation. The lowered target price from BMO suggests some concerns about AutoZone's near-term performance and growth prospects.

The details

In its research report, BMO Capital Markets cited a number of factors behind the lowered price target, including potential headwinds facing the auto parts industry. Several other analysts have also recently adjusted their ratings and price targets for AutoZone, with Truist Financial reducing its price objective and Wolfe Research downgrading the stock to 'peer perform'.

  • The research report from BMO Capital Markets was issued on Wednesday, March 4, 2026.

The players

BMO Capital Markets

A major investment bank and financial services firm.

AutoZone (NYSE:AZO)

A leading retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The lowered price target from BMO Capital Markets reflects broader concerns about the auto parts industry and AutoZone's near-term outlook, though the firm still maintains an 'outperform' rating on the stock. Investors will be closely watching for any further updates or changes to AutoZone's performance and valuation in the coming months.