AutoZone (AZO) Suffers a Larger Drop Than the General Market: Key Insights

AutoZone stock declined 2.14% on October 23, 2026, underperforming the S&P 500's 0.52% loss. Despite a strong 14.29% monthly gain, the stock faces headwinds with a 1.49% decrease in consensus EPS estimates over the past 30 days. The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 19.07, trading at a premium to its industry average. Upcoming earnings are expected to show 17.3% year-over-year EPS growth to $36.41 per share.