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

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The company’s board of directors approved the repurchase June 17 as part ofthe company’ s ongoing share repurchase program, the company announcedx after the close of markets Wednesday. The last repurchaser authorization was in December and was asimilar $500 million. There were three $500 millioj authorizations in 2008 and a totalof $7.9 billiobn since 1998. "We remaimn committed to utilizing share repurchasez within the bounds of a disciplined capitaol structure to enhance stockholder returns while maintainin adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailedr and distributor of automotive replacement partxs and accessories in the U.
S. The company sells auto and lighttruck parts, chemicales and accessories through 4,1722 AutoZone stores in 48 states, the Districtr of Columbia and Puerto Rico in the U.S. and 168 storesd in Mexico. Shares of AutoZone closer Wednesdayat $155.54, up 2.37 percent.