AutoZone stock sinks to a new 52-week low as TD Cowen cuts target

Published on 09/09/2026 at 23:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AutoZone stock closed at USD 2,951.61 on September 8, 2026, after TD Cowen cut its target to USD 3,500 from USD 3,700. Zacks says earnings are due on September 22, 2026.

NYSE-Handelsparkett mit Tradern vor Monitoren, die Einzelhandels-Börsencharts zeigen — AutoZone Inc. ISIN US0533321024 NYSE-Handelsparkett mit Tradern vor großen Einzelhandels-Börsencharts und Kursgrafiken, Illustration mit AI erstellt.

AutoZone Inc. (US0533321024) stock closed at USD 2,951.61 on September 8, 2026, then traded as low as USD 2,899.88 on September 9, 2026. The session came after TD Cowen cut its target to USD 3,500 from USD 3,700, while keeping a Buy rating, as Investing.com reported on September 9, 2026.

Target cut meets weak tape

MarketBeat said on September 9, 2026 that AutoZone's market capitalization was USD 47.29 billion, the stock last traded at USD 2,912.1630, and volume reached 17,954 shares. The same report put the consensus price target at USD 3,999.04, which leaves the shares below that level by USD 1,047.43.

That gap matters because the stock has also lost 2.76 percent over the past month, according to Zacks on September 9, 2026, versus a 0.36 percent decline for the S&P 500 in the same period. Zacks also said AutoZone's earnings per share estimate for the upcoming quarter is USD 54.97, with revenue expected at USD 6.71 billion.

Profitability still holds

Investing.com said on September 9, 2026 that AutoZone generated USD 19.99 billion in revenue over the last 12 months and posted a gross profit margin of 51.75 percent. The same report described the company as profitable even after the 31.27 percent slide over the past year.

For investors, the combination is clear: a stock near its 52-week low, a reduced USD 3,500 target from TD Cowen, and a still-high 51.75 percent gross margin. AutoZone plans to announce earnings on September 22, 2026, according to Zacks.

Stock close and setup

AutoZone stock last changed hands at USD 2,912.1630 on September 9, 2026, after touching USD 2,899.88, with a previous close of USD 2,951.61. MarketBeat said the company carried a market capitalization of USD 47.29 billion and a consensus rating of Moderate Buy as of September 9, 2026.