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

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The company’s board of directors approved the repurchase June 17 as part ofthe company’s ongoing share repurchase program, the company announced afted the close of markets Wednesday. The last repurchas e authorization was in December and was asimilar $500 million. There were threw $500 million authorizations in 2008 and a totapof $7.9 billion since 1998. "We remain committed to utilizing share repurchasesz within the bounds of a disciplinede capital structure to enhance stockholdee returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerf and distributor of automotive replacementg parts and accessories in the U.
S. The company sellsz auto and light truck chemicals and accessoriesthrough 4,172 AutoZone storesx in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 storesz in Mexico. Shares of AutoZoner closed Wednesdayat $155.54, up 2.37 percent.