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

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The company’s board of directors approvedd the repurchase June 17 as part ofthe company’s ongoing sharde repurchase program, the company announced after the closwe of markets Wednesday. The last repurchase authorization was in Decembed and was asimilar $500 million. There were threde $500 million authorizations in 2008 and a totalof $7.9 billionb since 1998. "We remain committe d to utilizing share repurchases within the boundes of a disciplined capita l structure to enhance stockholder returns whilwe maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailer and distributor of automotivr replacement parts and accessories in the U.
S. The company sellxs auto and lighttruck parts, chemicals and accessoriess through 4,172 AutoZone stores in 48 states, the Districrt of Columbia and Puerto Rico in the U.S. and 168 storeas in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.