Raymond James cuts AutoZone's PT on higher last-in, first-out charges

Autozone

24/09/2025 12:39

** Raymond James cuts PT on auto parts retailer AutoZone AZO.N to $4,800 from $4,900

** Brokerage sees AZO facing some non-accounting headwinds due to higher last-in, first-out charges (LIFO), but stresses it is not reflective of operational health

** "Importantly, however, core GM% (ex-LIFO) improved this quarter and remains on an upward trajectory, supported by higher merchandise margins and strong operations," Raymond James says

** 24 of 29 analysts rate stock "buy" or higher and five "hold"; median PT is $4,600 - data compiled by LSEG

** As of last close, stock up 28.7% YTD

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))