AZO - AutoZone authorizes additional $2.5B share buyback
- AutoZone ( NYSE: AZO ) on Tuesday said its board had authorized an additional $2.5B share buyback to its ongoing repurchase program.
- Shares of the retailer and distributor of automotive replacement parts and accessories were trading 1% higher at $2226.61 after hours.
- Since starting the share repurchase program in 1998, AZO's board had authorized $33.7B in buybacks, the company said in a statement .
- AZO said as of Aug. 27 it had more than 6K stores in the U.S., around 700 in Mexico and 72 in Brazil for a total store count of nearly 7K.
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AutoZone authorizes additional $2.5B share buyback