AutoZone Inc. (NYSE:AZO) announced that its Board of Directors authorized the repurchase of $750 million of the company’s common stock in addition to its existing share repurchase program.
The company’s Board last increased the share repurchase authorization by the same amount in September last year. Since the inception of the repurchase program in 1998, the company has authorized share repurchase worth $11.9 billion, including the above amount.
AutoZone, a Zacks #2 Rank (Buy) company, recorded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards