10:34 AM EST, 03/05/2025 (MT Newswires) -- AutoZone ( AZO ) faces macro and sector hurdles in the near term after "largely mixed" fiscal Q2 results, Oppenheimer said in a Wednesday note.

Investors "remain best served staying on the sidelines, awaiting clearer signals" on revenue and earnings momentum, Oppenheimer said.

On Tuesday, the company reported a surprise decline in Q2 earnings as revenue trailed market estimates amid foreign-exchange headwinds. Comparable store sales rose as extreme weather increased demand for certain auto parts, Oppenheimer said.

Meanwhile, "management continues to opportunistically invest behind longer-term-oriented initiatives, positioning the chain well to capitalize upon improving trends," the report said.

Oppenheimer lowered its 2025 earnings estimate to $151.05 a share from $152.59 and maintained its perform rating on the shares. Several other analysts boosted their price target on the stock.

AutoZone ( AZO ) shares rose 1.2% in recent Wednesday trading.

Price: 3513.64, Change: +39.98, Percent Change: +1.15