AutoZone board approves $500M stock repurchase - Los Angeles Business from bizjournals:

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The company’s board of directors approvedx the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the compangy announced after the close of marketsx Wednesday. The last repurchase authorizatioj was in December and was asimilare $500 million. There were threw $500 million authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remain committed to utilizing share repurchasexs within the bounds of a disciplined capitao structure to enhance stockholder returnes while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerd and distributor of automotive replacemenft parts and accessories in the U.
S. The companyg sells auto and lighttruci parts, chemicals and accessories through 4,1723 AutoZone stores in 48 states, the District of Columbias and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.