AutoZone, Inc.'s Board of Directors has authorized the repurchase of an additional $2.0 billion of AutoZone's common stock
Buybacks
June 15, 2023
AutoZone, Inc. (AZO), a retailer in the automotive industry, has recently made an announcement regarding its ongoing share repurchase program. The company's Board of Directors has authorized the repurchase of an additional $2.0 billion of AutoZone's common stock.
AutoZone's Board of Directors has been actively engaged in a share repurchase program since 1998. With the latest authorization of $2.0 billion, the total amount authorized for share repurchases now stands at an impressive $35.7 billion.
Jamere Jackson, AutoZone's Chief Financial Officer and Executive Vice President – Finance and Store Development, expressed enthusiasm about the company's ability to grow its business while simultaneously providing returns to shareholders. By adhering to a disciplined capital allocation policy, AutoZone aims to optimize growth opportunities while maintaining investment-grade credit ratings.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.