AutoZone board approves $500M stock repurchase - Puget Sound Business Journal (Seattle):

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The company’s board of directors approvefd the repurchase June 17 as part ofthe company’z ongoing share repurchase program, the company announcex after the close of markets Wednesday. The last repurchase authorizatiohn was in December and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committex to utilizing share repurchases within the bounds of a disciplined capita l structure to enhance stockholder returns while maintainingg adequate liquidity to executeour plans,” said CFO Bill Giles.
Memphis-basex AutoZone (NYSE: AZO) is the leading retailer and distributo r of automotive replacement parts and accessories inthe U.S. The companyh sells auto and light truck chemicals and accessoriesthrough 4,172 AutoZonwe stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 storez in Mexico. Shares of AutoZone closed Wednesdauyat $155.54, up 2.37 percent.