AutoZone board approves $1.5B stock repurchase addition

AutoZone, Inc. (NYSE: AZO) announced its Board of Directors has authorized an additional $1.5 billion in common stock repurchases under its ongoing share repurchase program, according to a press release issued June 16, 2026.

With the new authorization, the total amount approved for repurchases since the program began in 1998 reaches $42.2 billion.

"Our disciplined capital allocation approach continues to allow us to generate strong free cash flow, invest in growth, and increase our share buyback authorization while maintaining investment grade credit ratings," said Jamere Jackson, Chief Financial Officer.

As of May 26, 2026, AutoZone operated 6,766 stores in the U.S., 933 in Mexico, and 157 in Brazil, for a total of 7,856 stores.

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