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

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The company’s board of directors approvee the repurchase June 17 as part ofthe company’s ongoinb share repurchase program, the compang announced after the close of market Wednesday. The last repurchase authorization was in December and was asimila $500 million. There were three $500 million authorizationw in 2008 and a totalof $7.9 billion since 1998. "Wee remain committed to utilizing share repurchases withinj the bounds of a disciplined capital structure to enhancew stockholder returns while maintaining adequate liquidity to executedour plans,” said CFO Bill Giles.
Memphis-basecd AutoZone (NYSE: AZO) is the leadiny retailer and distributor of automotive replacement part s and accessories inthe U.S. The companyu sells auto and lighttruck parts, chemicals and accessoriexs through 4,172 AutoZone stores in 48 states, the Districtr of Columbia and Puerto Rico in the U.S. and 168 store in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.