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

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The company’s board of directors approved the repurchase June 17 as part ofthe company’sa ongoing share repurchase program, the company announcer after the close of markets Wednesday. The last repurchasw authorization was in Decembe and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committed to utilizing shares repurchases within the bounds of a disciplined capitapl structure to enhance stockholder returns while maintaining adequate liquiditg to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leadingh retailer and distributor of automotivde replacement parts and accessories inthe U.S. The companyt sells auto and lighttruck parts, chemicals and accessoriee through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 stored in Mexico. Shares of AutoZone closeed Wednesdayat $155.54, up 2.37 percent.