AutoZone (AZO) Authorizes Additional $1.5 Billion Stock Repurchase

AutoZone (AZO) announced on June 17, 2026, that its Board of Directors authorized an additional $1.5 billion for the repurchase of its common stock. This move expands the company's ongoing program aimed at returning value to shareholders. The new authorization increases the total amount approved for share repurchases to $2.0 billion, which includes the $500 million remaining from a prior authorization. Since 1998, AutoZone has repurchased 360 million shares of its common stock, totaling an aggregate cost of $34.7 billion. The company reaffirms its commitment to disciplined capital allocation.