Argus downgraded AutoZone (NYSE:AZO) to a Hold rating from Buy due to the negative impact of tariffs on earnings. Analyst Bill Selesky and his team believe that both top-line and bottom-line growth will be materially challenged in the short-term,

AutoZone Inc. AZO reported earnings of $28.29 per share for the second quarter of fiscal 2025 (ended Feb. 15, 2025), which missed the Zacks Consensus Estimate of $29.16. The company reported earnings of $28.

Retailers from auto shops to athletic brands have indicated that tariff costs will likely be passed on to the consumer. Target and Best Buy, two of the country’s largest retail chains, warned their prices will increase after President Donald Trump’s 25% tariffs on goods from Mexico and Canada went into effect on Tuesday,

The US auto industry is breathing a sigh of relief after President Trump agreed to give the industry a one-month exemption from the 25% tariffs implemented on Canada and Mexico.