AutoZone Drops 7% Last Week on Accounting Noise: Why the Math Still Points to $5,231

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AutoZone’s stock fell 7% last week due to a non-cash LIFO charge that obscured its underlying operating strength, even as net sales climbed and EPS beat consensus. Despite the temporary accounting headwind, analysts and TIKR’s valuation model suggest the stock is undervalued, projecting a significant upside as the company’s store expansion matures and LIFO charges normalize. The operational momentum, particularly in commercial sales and strategic investments, indicates a strong future for AutoZone.

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