AutoZone Authorizes Additional Stock Repurchase

Rhea-AI Summary

AutoZone (NYSE: AZO) on October 8, 2025 announced its Board authorized an additional $1.5 billion in common-stock repurchases under its ongoing program.

Including this authorization, the Board has approved a cumulative $40.7 billion in share repurchases since the program began in 1998. Management cited strong free cash flow and maintained investment-grade credit ratings as reasons for increasing the buyback authorization.

Positive

• $1.5B additional share-repurchase authorization
• Cumulative $40.7B repurchase authorizations since 1998
• Company cites strong free cash flow and maintenance of investment-grade ratings

Negative

• None.

MEMPHIS, Tenn., Oct. 08, 2025 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today, announced its Board of Directors authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone’s Board of Directors has authorized $40.7 billion in share repurchases.

“Our disciplined capital allocation approach gives us the ability 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. 

About AutoZone:

As of August 30, 2025, the Company had 6,627 stores in the U.S., 883 in Mexico and 147 in Brazil for a total store count of 7,657.

AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a commercial sales program that provides prompt delivery of parts and other products and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. Additionally, we sell the ALLDATA brand of automotive diagnostic, repair, collision and shop management software through www.alldata.com. We also provide product information on our Duralast branded products through www.duralastparts.com. AutoZone does not derive revenue from automotive repair or installation services.

Contact Information:
Financial: Brian Campbell, 901-495-7005, brian.campbell@autozone.com
Media: Jennifer Hughes, 901-495-6022, jennifer.hughes@autozone.com

FAQ

What did AutoZone (AZO) authorize on October 8, 2025?

AutoZone authorized an additional $1.5 billion to repurchase common stock under its ongoing program.

How much has AutoZone (AZO) authorized for repurchases since 1998?

Including the new authorization, AutoZone's Board has authorized $40.7 billion in share repurchases since 1998.

Why did AutoZone (AZO) increase its buyback authorization on October 8, 2025?

Management said the decision reflects the company's strong free cash flow and ability to maintain investment-grade credit ratings.

Does the October 8, 2025 announcement change AutoZone's existing repurchase program?

The announcement adds $1.5 billion to the ongoing repurchase program; no other program changes were disclosed.

How might the new $1.5 billion repurchase authorization affect AZO shares in the near term?

The company confirmed the $1.5 billion authorization; no timing or tranche details were disclosed in the announcement.

Where can investors find more details about AutoZone (AZO) repurchases?

Investors should review AutoZone's investor relations disclosures and future filings for timing and execution details of the repurchase program.