08:15 AM EDT, 04/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $425 to $4,225, based on a FY 26 (Aug.) P/E of 24.5x, a justified premium to historical averages. With shares having hit our prior target, we are raising our forecast and reiterating our Buy opinion. We view AZO as well-positioned in the current environment, as tariffs are likely to boost demand for used vehicles from consumers trading down, acting as a tailwind for auto aftermarket retailers. Used vehicles typically require much more maintenance and repair work than new vehicles, and already the average age of a vehicle on the road in the U.S. stood at a record high 12.6 years in 2024. In fact, over 110 million vehicles were between 6-14 years old according to S&P Global Mobility, considered the prime range for aftermarket service. Additionally, AZO's geographic footprint is highly domestic, with U.S. stores accounting for 88% of total net sales in FY 24. We also see the company picking up market share from Advance Auto Parts' (AAP 37 **) closing of more than 500 U.S. stores.