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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| AutoZone Inc | NYSE:AZO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -42.38 | -1.41% | 2,956.40 | 3,005.19 | 2,943.07 | 2,997.89 | 125,040 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
AutoZone Inc. (AZO) has increased its stock-buyback authorization by $750 million, saying its continued financial strength enables the company to enhance stockholder returns.
The car-parts retailer said on March 3 that it had $544 million remaining under a prior buyback program as of Feb. 14, the end of its second quarter. At the time, the company's year-to-date buybacks totaled $326 million.
In after-hours trading, AutoZone shares were flat at $667.45.
Increased inventory and new store openings led to better-than-expected results in the second quarter. AutoZone has recently benefited from the decline in fuel prices that has boosted the automotive industry as a whole. At locations open at least a year, domestic sales rose 3.6%.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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