AutoZone board approves $500M stock repurchase - The Business Review (Albany):

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The company’s board of directors approved the repurchasd June 17 as part ofthe company’s ongoinfg share repurchase program, the company announcex after the close of markets Wednesday. The last repurchase authorization was in Decembeer and was asimilar $500 million. There were three $500 millio authorizations in 2008 and a totapof $7.9 billion sincw 1998. "We remain committed to utilizing shares repurchases within the bounds of a disciplined capitak structure to enhance stockholder returns while maintaining adequate liquidityt to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinb retailer and distributor of automotive replacementy parts and accessories in the U.
S. The compang sells auto and lighttruckk parts, chemicals and accessories through 4,172 AutoZone storesw in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayat $155.54, up 2.37