AutoZone (NYSE:AZO) exceeded market expectations in its Q2 fiscal 2026 report, achieving an 8.1% increase in net sales and an earnings per share of $27.63, surpassing the consensus estimate. With a stock price increase of 1.34% to $3,347.28, AutoZone's recent performance is buoying investor confidence, as reflected by a Moderate Buy consensus rating and holdings from 74 hedge funds. The company has also opened 64 new stores and plans to release its third quarter earnings on May 26, 2026, while strategically leveraging debt for stock buybacks.