AutoZone board approves $500M stock repurchase - Pittsburgh Business Times:

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The company’s board of directorxs approved the repurchase June 17 as part ofthe company’e ongoing share repurchase program, the compan announced after the close of markets The last repurchase authorization was in Decembeer and was a similar $500 There were three $500 million authorizations in 2008 and a total of $7.9 billion since 1998. "We remain committed to utilizingf share repurchases within the bounds of a disciplinedx capital structure to enhance stockholder returns while maintaining adequate liquidity to executwour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinh retailer and distributor of automotive replacementf parts and accessories in the U.
S. The companhy sells auto and lighttruclk parts, chemicals and accessories through 4,172 AutoZone stores in 48 states, the District of Columbiqa and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayat $155.54, up 2.37