Benzinga | Oct 6, 2021 06:24AM EDT

AutoZone Plans Additional $1.5B Share Buyback Program

* AutoZone Inc (NYSE:AZO) Board of Directors authorized the repurchase of an additional $1.5 billion of the company's common stock.

* AutoZone has approved $27.65 billion in share repurchases since the inception of the repurchase program in 1998.

* AutoZone held $1.2 billion in cash and equivalents as of August 28, 2021.

* Price Action: AZO shares closed higher by 0.53% at $1651.22 on Tuesday.