AutoZone (AZO) presents a lucrative buying opportunity amid tariff-driven sales and profit tailwinds, Oppenheimer said in a Friday research report.

Analysts said they maintain a positive outlook on the auto parts segment and leading chains like AutoZone, given considerable pricing power, potential for scale, market share opportunities, strong capital positions, and higher car prices compelling consumers to maintain existing vehicles longer.

Tailwinds like same-Stock Keeping Unit inflation and easing competition will likely strengthen commercial sales growth at the company, according to the note.

The brokerage increased its fiscal 2026 EPS estimate to $184 from $168 earlier, based on 6% to 8% comp sales growth.

Oppenheimer said it upgraded the stock to outperform from perform with a 12-month target price of $4,600 per share.

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