AZ is the leading retailer and distributor of automotive replacement parts
Memphis based AutoZone, Inc.’s (NYSE: AZO) (AZ) board of directors recently authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program.
AZ is the leading retailer and distributor of automotive replacement parts and accessories in the Americas and since the inception of the repurchase program in 1998, and including the $1.5B, AutoZone’s board of directors has authorized $39.2 billion in share repurchases.
“AutoZone’s continuing ability to generate strong free cash flow allows us to increase our cumulative share authorization while maintaining our investment grade credit ratings,” said Jamere Jackson, CEO. “We remain committed to our disciplined capital allocation policy to drive growth while maintaining adequate liquidity.”
As of May 4, 2024, the Company had 6,364 stores in the U.S., 763 in Mexico and 109 in Brazil for a total store count of 7,236. For more information visit www.autozonepro.com.
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