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TickerAZO
SectorAuto - Parts
Mkt cap$57.6B
EV / EBITDA16.6×
PostureHigh Velocity
Composite62/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 866787

Autozone Inc.

AZOHIGH VELOCITYFILING INTENSITY

Autozone Inc. reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market Automotive.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$19.6B
EBITDA$4.2B
Enterprise value$69.7B
EV / Revenue3.6×
EV / EBITDA16.6×
P/EN/A
Cash$285M
Total debt$8.9B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

12/100

Companies actively deploying disclosed capital into M&A

  • $76M disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • 301 8-Ks

Target Probability

18/100

Issuers showing target-side patterns from filings

  • 52 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 52 activism filings

Pressure Watch

13/100

Issuers facing activism, governance, or control pressure

  • 52 activism filings
  • Latest activism 14y ago; heavily discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 52 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 301 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $69.7B
  • 10-Q 67d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In recent years, several of our vendors have merged. Further vendor consolidation could limit the number of vendors from which we may purchase products and could materially affect the prices we pay for these products.

10-KFY2008

Recently some of our competitors have merged. Consolidation among our competitors could enhance their market share and financial position, provide them with the ability to achieve better purchasing terms and provide more competitive prices to customers for whom we compete, and allow them to utilize merger synergies and cost savings to increase advertising and marketing budgets to more effectively compete for customers.

10-KFY2016

Consolidation among our competitors could enhance their financial position, provide them with the ability to achieve better purchasing terms allowing them to provide more competitive prices to customers for whom we compete, and allow them to achieve efficiencies in their mergers that allow for more effective use of advertising and marketing dollars and allow them to more effectively compete for customers.

10-KFY2010

Consolidation among our competitors could enhance their market share and financial position, provide them with the ability to achieve better purchasing terms and provide more competitive prices to customers for whom we compete, and allow them to utilize merger synergies and cost savings to increase advertising and marketing budgets to more effectively compete for customers.

10-KFY2015

Consolidation among our competitors may negatively impact our business.

10-KFY2020
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Automotive

Market spend (2023–2025)
$12.1B
Market spend (2020–2022)
$19.2B
Recent vs prior
−37%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

16.6×EV / EBITDA

AZO trades at a -4.1-turn discount to the Automotive peer median of 20.8×.

EV / Revenue
3.6×
Net debt / EBITDA
2.1×
Peer median EV / EBITDA
20.8×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
28.2×6.0×-0.1×$8.4BN/A
21.0×4.7×1.4×$18.2B$14M
20.5×3.8×2.6×$23.9B$1.6B
Autozone Inc.AZO
16.6×3.6×2.1×$19.6BN/A
13.2×1.6×1.9×$5.4B$27M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Automotive. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)342025-10-27
  • 10-Q (quarterly)952026-03-20
  • 8-K (event)3012026-03-03
  • Proxy / DEF 14A392025-10-28
  • Activism (13D / DFAN / PREC)522012-04-24

Signals on file

  • elevated

    Activism on file

    2012-04-24

    52 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Disclosed acquisition spend

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Autozone Inc.: Issuer Brief | SE-Cluster