AutoZone Authorizes Additional $1.5 Billion Stock Repurchase

AutoZone, Inc. announced on June 16, 2026, that its Board of Directors has authorized an additional $1.5 billion for common stock repurchases under its ongoing program. This new authorization brings the total authorized share repurchases since 1998 to $42.2 billion. The company highlighted its disciplined capital allocation strategy, which enables strong free cash flow generation, investment in growth, and increased share buybacks while maintaining investment-grade credit ratings. As of May 26, 2026, AutoZone operated 6,766 stores in the U.S., 933 in Mexico, and 157 in Brazil, totaling 7,856 stores. The company is a leading retailer and distributor of automotive replacement parts and accessories in the Americas, offering a wide range of products for various vehicles and providing commercial sales programs and online purchasing options.