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flag AutoZone's quarterly earnings fell short of expectations despite higher revenue and a "Buy" rating.

flag AutoZone reported a quarterly earnings result of $35.36 per share, missing expectations by $1.71, despite a 5.4% year-on-year revenue increase to $4.46 billion, beating forecasts. flag Gross margins were pressured, but the company expects improvements. flag The stock, trading at $3,829.63, has a "Buy" rating with a target price of $3,966.76. flag Same-store sales rose 3.2%, and the market cap is $64.27 billion.

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