AutoZone's board has authorized an additional $1.5 billion for its ongoing share repurchase program. This latest authorization brings the total approved for buybacks to $42.2 billion since the program began in 1998. Chief Financial Officer Jamere Jackson said the company's disciplined capital allocation supports strong free cash flow, growth investments, and increased buyback capacity while maintaining investment-grade credit ratings. Shares of AutoZone closed at $3,127.79 on Tuesday and edged up to $3,130.00 in overnight trading.
AutoZone IncBoard authorized additional $1.5B share repurchase, signaling capital return to shareholders.