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

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The company’s board of directors approved the repurchase June 17 as part ofthe company’ws ongoing share repurchase program, the company announcedx after the close of marketzs Wednesday. The last repurchase authorization was in Decembef and was asimilatr $500 million. There were three $500 million authorizations in 2008 and a totalof $7.9 billion since 1998. "We remaijn committed to utilizing share repurchases within the boundws of a disciplined capital structure to enhanc e stockholder returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadin retailer and distributor of automotive replacement parts and accessories in the U.
S. The compan y sells auto and lighttruck parts, chemicalz and accessories through 4,172 AutoZone stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayyat $155.54, up 2.37 percent.