The auto parts retailer’s board authorized a new $1.5 billion repurchase plan, bringing total buybacks to $42.2 billion since inception.
AutoZone announced a new $1.5 billion share repurchase authorization, expanding its ongoing buyback program. The move raises total repurchase capacity to $42.2 billion since the program’s launch.
The company cited strong free cash flow as the driver behind the decision. Prior authorizations have consistently supported shareholder returns, with buybacks remaining a key capital allocation priority.
No immediate market reaction was disclosed following the announcement.