AZO vs. PAG: AutoZone vs. Penske Automotive Stock Comparison

November 11, 2026

How do AutoZone (AZO) and Penske Automotive (PAG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AutoZone (AZO) and Penske Automotive (PAG) are both classified in the Automotive Retail sub-industry within the broader Specialty Retail industry, placing them in the closest GICS peer bucket.

Company profile comparison for AutoZone (AZO) and Penske Automotive (PAG)
Profile Item	AZO	PAG
Name	AutoZone, Inc.	Penske Automotive Group Inc.
Country/Region	United States	United States
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Specialty Retail	Specialty Retail
GICS Sub-Industry	Automotive Retail	Automotive Retail
Market Capitalization	51.77 billion USD	13.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 2, 1991	October 23, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AZO

PAG

GSPC

AutoZone (AZO) vs. Penske Automotive (PAG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AutoZone (AZO) and Penske Automotive (PAG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AutoZone (AZO) and Penske Automotive (PAG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Total Return (1Y)	-12.81%	39.10%
Total Return (3Y, Annualized)	6.56%	16.11%
Total Return (5Y, Annualized)	11.68%	16.74%

Risk Profile

Drawdown History

AZO

PAG

GSPC

AutoZone (AZO) vs. Penske Automotive (PAG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AutoZone (AZO) and Penske Automotive (PAG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Volatility (1Y, Annualized)	30.55%	27.55%
Beta (5Y)	0.37	0.90
Max Drawdown (5Y)	-35.88%	-24.03%
Avg. Volume (3M)	268.95K	450.08K

Risk-Adjusted Performance

Risk-Return Positioning

AZO and PAG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Sharpe Ratio (1Y)	-0.56	1.26
Sortino Ratio (1Y)	-0.74	2.27

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Penske Automotive (PAG) earns 15.47% on shareholders’ equity, ranked against its industry; AutoZone (AZO) has no ROE this period.

AZO

Consumer Discretionary Distribution & Retail industry group

Max: 62.17%
Q3: 29.44%
Median: 15.69%
Q1: 6.73%
Min: -12.16%
AZO: --

PAG

Consumer Discretionary Distribution & Retail industry group

15.47%

Max: 62.17%
Q3: 29.44%
Median: 15.69%
PAG: 15.47%
Q1: 6.73%
Min: -12.16%

AutoZone (AZO) vs. Penske Automotive (PAG): AZO does not report ROE, so it has no value marker; PAG is benchmarked against the Consumer Discretionary Distribution & Retail industry group.

Net Margin (TTM)

AutoZone (AZO) at 12.65% retains a top-quartile share of revenue as profit, ahead of Penske Automotive (PAG) at 2.77%, which keeps about the industry-typical share.

AZO

Consumer Discretionary Distribution & Retail industry group

12.65%

Max: 16.94%
AZO: 12.65%
Q3: 8.69%
Median: 3.55%
Q1: 1.14%
Min: -9.41%

PAG

Consumer Discretionary Distribution & Retail industry group

2.77%

Max: 16.94%
Q3: 8.69%
Median: 3.55%
PAG: 2.77%
Q1: 1.14%
Min: -9.41%

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

AutoZone (AZO) at 18.03% operates in the top operating margin quartile, ahead of Penske Automotive (PAG) at 3.60%, which runs around its industry’s norm.

AZO

Consumer Discretionary Distribution & Retail industry group

18.03%

Max: 21.45%
AZO: 18.03%
Q3: 10.89%
Median: 5.57%
Q1: 2.28%
Min: -7.12%

PAG

Consumer Discretionary Distribution & Retail industry group

3.60%

Max: 21.45%
Q3: 10.89%
Median: 5.57%
PAG: 3.60%
Q1: 2.28%
Min: -7.12%

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
ROE (TTM)	--	15.47%
ROA (TTM)	10.97%	4.25%
Net Margin (TTM)	12.65%	2.77%
Operating Margin (TTM)	18.03%	3.60%
Gross Margin (TTM)	51.71%	16.05%

Growth

Revenue Growth

AutoZone (AZO) at 7.39% is around its peer norm for revenue growth, while Penske Automotive (PAG) at -0.18% drops into the bottom quartile, signaling weaker demand or pricing momentum.

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Penske Automotive (PAG) reports EPS growth of 2.84%, ranked against its industry; AutoZone (AZO) has no EPS growth figure this period.

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Revenue Growth (YoY)	7.39%	-0.18%
Revenue Growth (3Y CAGR)	5.22%	4.57%
EPS Growth (YoY)	--	2.84%
EPS Growth (3Y CAGR)	--	-8.67%

Financial Strength

Current Ratio (MRQ)

Both AutoZone (AZO) at 0.90 and Penske Automotive (PAG) at 0.98 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AZO

Consumer Discretionary Distribution & Retail industry group

0.90

Max: 2.62
Q3: 1.75
Median: 1.35
Q1: 1.00
AZO: 0.90
Min: 0.48

PAG

Consumer Discretionary Distribution & Retail industry group

0.98

Max: 2.62
Q3: 1.75
Median: 1.35
Q1: 1.00
PAG: 0.98
Min: 0.48

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Penske Automotive (PAG) carries debt-to-equity ratio of 1.53 against its industry range, while AutoZone (AZO) reports no figure this period.

AZO

Consumer Discretionary Distribution & Retail industry group

Max: 3.93
Q3: 2.14
Median: 1.25
Q1: 0.73
Min: 0.01
AZO: --

PAG

Consumer Discretionary Distribution & Retail industry group

1.53

Max: 3.93
Q3: 2.14
PAG: 1.53
Median: 1.25
Q1: 0.73
Min: 0.01

AutoZone (AZO) vs. Penske Automotive (PAG): AZO does not report debt-to-equity ratio, so it has no value marker; PAG is benchmarked against the Consumer Discretionary Distribution & Retail industry group.

Financial Strength Metrics

Financial strength metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Current Ratio (MRQ)	0.90	0.98
Debt / Equity (MRQ)	--	1.53
Net Debt / EBITDA	3.00	6.53

Dividends

Dividend Yield (TTM)

AutoZone (AZO) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Penske Automotive (PAG) reports a yield of 2.70%, ranking against industry peers normally.

AZO

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 5.84%
Q3: 2.50%
AZO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PAG

Consumer Discretionary Distribution & Retail industry group

2.70%

Max: 5.84%
PAG: 2.70%
Q3: 2.50%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

AutoZone (AZO) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Penske Automotive (PAG) reports a payout of 41.11%, ranking against industry peers normally.

AZO

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.44%
AZO: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PAG

Consumer Discretionary Distribution & Retail industry group

41.11%

Max: 72.73%
PAG: 41.11%
Q3: 32.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
Dividend Yield (TTM)	0.00%	2.70%
Dividend Payout Ratio (TTM)	0.00%	41.11%

Valuation

P/E Ratio (TTM)

Both AutoZone (AZO) at 21.08 and Penske Automotive (PAG) at 14.80 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AZO

Consumer Discretionary Distribution & Retail industry group

21.08

Max: 40.50
Q3: 24.26
AZO: 21.08
Median: 19.23
Q1: 12.64
Min: 4.67

PAG

Consumer Discretionary Distribution & Retail industry group

14.80

Max: 40.50
Q3: 24.26
Median: 19.23
PAG: 14.80
Q1: 12.64
Min: 4.67

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their P/E ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/S Ratio (TTM)

Penske Automotive (PAG) at 0.43 is priced about in line with its industry on P/S ratio, while AutoZone (AZO) at 2.55 sits in the pricier quartile — AZO costs more per dollar of sales.

AZO

Consumer Discretionary Distribution & Retail industry group

2.55

Max: 4.32
AZO: 2.55
Q3: 1.99
Median: 0.70
Q1: 0.26
Min: 0.03

PAG

Consumer Discretionary Distribution & Retail industry group

0.43

Max: 4.32
Q3: 1.99
Median: 0.70
PAG: 0.43
Q1: 0.26
Min: 0.03

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

AutoZone (AZO) reports a negative P/B ratio of -20.79, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Penske Automotive (PAG) reports 2.35, ranking against industry peers normally.

AZO

Consumer Discretionary Distribution & Retail industry group

-20.79

Max: 10.96
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45
AZO: -20.79

PAG

Consumer Discretionary Distribution & Retail industry group

2.35

Max: 10.96
Q3: 5.26
PAG: 2.35
Median: 2.16
Q1: 1.08
Min: -4.45

AutoZone (AZO) vs. Penske Automotive (PAG): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for AutoZone (AZO) and Penske Automotive (PAG)
Metric	AZO	PAG
P/E Ratio (TTM)	21.08	14.80
P/S Ratio (TTM)	2.55	0.43
P/B Ratio (MRQ)	-20.79	2.35
Free Cash Flow Yield (TTM)	2.31%	0.69%