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

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The company’s board of directors approves the repurchase June 17 as part ofthe company’s ongoinhg share repurchase program, the company announced after the close of marketsz Wednesday. The last repurchase authorization was in Decembe and was asimilar $500 million. Therse were three $500 million authorizations in 2008 and a totaof $7.9 billion since 1998. "Wes remain committed to utilizingv share repurchases within the bounds of a disciplinec capital structure to enhance stockholderd returns while maintaining adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZone AZO) is the leading retailer and distributor of automotiver replacement parts and accessories inthe U.S. The compan y sells auto and lighttruck parts, chemicalsx and accessories through 4,172 AutoZone stores in 48 states, the Districtt of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.