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

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The company’s board of directors approved the repurchasew June 17 as part ofthe company’ds ongoing share repurchase program, the company announced after the close of marketw Wednesday. The last repurchase authorization was in Decembedr and was asimilar $500 million. There were threee $500 million authorizations in 2008 and a tota lof $7.9 billion since 1998. "We remaih committed to utilizing share repurchasez within the bounds of a disciplined capitap structure to enhance stockholder returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailere and distributor of automotive replacement parts and accessoriesd in the U.
S. The company sellsx auto and lighttruck parts, chemicals and accessoriesx through 4,172 AutoZone stores in 48 states, the Districtf of Columbia and Puerto Rico in the U.S. and 168 storesd in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.