AutoZone board approves $500M stock repurchase - Tampa Bay Business Journal:

avaohev.blogspot.com
The company’s board of directors approved the repurchasew June 17 as part ofthe company’s ongoing share repurchase program, the company announced after the closwe of markets Wednesday. The last repurchase authorizatioh was in December and was asimilar $500 There were three $500 million authorizationa in 2008 and a total of $7.9 billioj since 1998. "We remain committed to utilizing sharee repurchases within the bounda of a disciplined capital structure to enhancse stockholder returns while maintaining adequate liquidityy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadingt retailer and distributor of automotivse replacement parts and accessories in the U.
S. The company sellws auto and lighttruck parts, chemicals and accessories through 4,172w AutoZone stores in 48 states, the Districtr of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closee Wednesdayat $155.54, up 2.37