AutoZone (AZO) Announces New $2B Share Buyback

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Go back to AutoZone (AZO) Announces New $2B Share Buyback

AutoZone Authorizes Additional Stock Repurchase

December 20, 2023 5:00 PM EST

MEMPHIS, Tenn., Dec. 20, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors authorized the repurchase of an additional $2.0 billion of the Companys common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZones Board of Directors has authorized $37.7 billion in share repurchases.

AutoZones continuing ability to generate strong free cash flow allows us to... More