AutoZone authorizes $1.5B more stock buybacks, totaling $42.2B since 1998.

AutoZone's Board of Directors has approved an additional $1.5 billion for its ongoing stock repurchase program, bringing total authorized buybacks since 1998 to $42.2 billion. The company continues to generate strong free cash flow, allowing it to invest in growth while maintaining investment-grade credit ratings. AutoZone operates nearly 7,900 stores across the Americas and focuses on automotive parts retail and distribution. This move signals confidence in the company's financial health and commitment to returning value to shareholders.