AutoZone, Inc. currently sits in an interesting position as we look at the consensus data as of June 22, 2026. Trading at $3,064.48, the stock is drawing significant attention from analysts, with 24 firms currently maintaining coverage. The consensus mean price target stands at $3,969.375, projecting a 29.5% upside from recent levels. This comes following a period of adjustments, most notably a price target reduction from Citigroup on May 28, 2026, which moved their outlook to $3,700, and a TD Cowen maintenance check on June 4, 2026, keeping their target firm at the same $3,700 level.
The internal activity surrounding the stock adds another layer of context. While the consensus sentiment remains a "strong_buy," the ledger shows some divergence among corporate insiders. We have tracked 4 meaningful buys totaling 512 shares, countered by 6 meaningful sells totaling 9,796 shares. With a forward P/E of 17.45—a step down from its trailing P/E of 21.10—the market appears to be pricing in expectations for earnings growth that may help bridge the gap between the current share price and analyst expectations.
The numbers
When evaluating the Consumer Discretionary sector, AutoZone maintains a distinct profile. The sector’s average upside currently sits at a more modest 13.7%, placing AutoZone’s 29.5% projection well above the group mean. Among the 275 S&P 500 large caps we monitor, this performance earns AutoZone a rank of 4 within its immediate peer group.
How AZO compares
AutoZone is currently trailing only a few high-upside peers in the discretionary space. For instance, CMG offers a slightly higher implied upside of 32%, followed by NKE at 31.8% and BKNG at 30.6%. That spread matters because it highlights that while AutoZone is a top-tier contender for potential appreciation in the eyes of analysts, it is operating in a cluster of stocks that occupy a similar valuation tier. Investors often look to the beta for clues on volatility; at 0.349, AutoZone presents a significantly more stable profile than many of its high-beta counterparts in the sector. This low-beta characteristic, combined with the strong analyst consensus, suggests that the market views the stock as a defensive pillar within a traditionally cyclical sector. The gap between the $3,969 mean target and the current share price remains wide, yet the stability of the analyst pool suggests a conviction that the current price point does not fully account for the company's long-term earnings trajectory.