AutoZone Adopts $2B Additional Share Buyback Program

AutoZone Inc AZO said its Board of Directors authorized the repurchase of an additional $2.0 billion of its common stock.
The company had $958 million remaining under its current share repurchase authorization at the end of the second quarter.
The company held $239.4 million in cash and equivalents as of February 12, 2022.
AutoZone's Board has approved $31.2 billion in share repurchases since the inception of its repurchase program in 1998.
AutoZone is an automotive replacement parts and accessories retailer and distributor with 6,091 stores in the U.S.
Price Action: AZO shares closed higher by 0.40% at $1,946.39 on Tuesday.

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