AutoZone, Inc. Buyback
OLI recorded this information on 12/20/2023
Company:
AutoZone, Inc.
Buyback:
AZO buyback
$Amount Authorized:
$2,000,000,000
Buyback Details:
AutoZone, Inc. (NYSE: AZO), today announced its Board of Directors authorized the repurchase of an additional $2.0 billion of the Company's common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone's Board of Directors has authorized $37.7 billion in share repurchases.
AutoZone is a retailer and distributor of automotive replacement parts and accessories in the Americas. Co. operates stores in the U.S., Mexico and Brazil. Each store carries a product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. In its domestic stores, Co. has a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. Co. also provides product information on its Duralast branded products.
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Strong Buy (3.60 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: AZO Stock Forecast Based on Zacks ABR data; powered by Xignite |