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

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The company’s board of directors approved the repurchases June 17 as part ofthe company’s ongoin share repurchase program, the company announced afte the close of markets The last repurchase authorizationj was in December and was a similadr $500 million. There were threr $500 million authorizations in 2008 and a totaolof $7.9 billion since 1998. "Ws remain committed to utilizing sharew repurchases within the bounds of a disciplineds capital structure to enhance stockholder returns while maintaining adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZonde (NYSE: AZO) is the leading retailer and distributore of automotive replacement parts and accessories inthe U.S. The compant sells auto and lighttruck parts, chemicals and accessorie s through 4,172 AutoZone stores in 48 states, the District of Columbia and Puertl Rico in the U.S. and 168 stores in Mexico. Shareds of AutoZone closed Wednesday at up 2.37 percent.