02:44 PM EDT, 05/27/2025 (MT Newswires) -- AutoZone's ( AZO ) same-store sales in fiscal Q3 rose 5%, topping Wall Street estimates for the biggest gain in the past two years and supporting "solid" results, Truist Securities said Tuesday in a report.

Same-store sales grew as business to repair shops, dealerships, and service stations accelerated almost 11%, Truist said.

"Margin pressures are temporary and unlikely to be a notable source of concern," the report said.

"Our understanding is that auto part pricing is in the very early stages of starting to increase as the effect of tariffs start to roll through," the report said.

Truist boosted its price target on AutoZone ( AZO ) stock to $4,038 from $3,995 and maintained its buy rating.

Fiscal Q3 revenue topped estimates by analysts as per-share earnings trailed forecasts.

AutoZone ( AZO ) shares fell 3.7% in recent Tuesday trading.

Price: 3684.38, Change: -142.08, Percent Change: -3.71