AutoZone rated Buy on strong EPS growth, international expansion, and attractive valuation.

AutoZone maintains a Buy rating due to solid Q3 FY26 earnings per share growth and strong international same-store sales despite minor revenue misses and macroeconomic challenges. The company is investing heavily in capital expenditures to expand stores and improve inventory logistics, supported by share buybacks and disciplined capital management. Its valuation remains attractive, with intrinsic value estimated above current market levels, providing a margin of safety for long-term investors. This positions AutoZone well for continued growth and resilience in the auto parts market.