AutoZone adds $1.5B to stock buyback program

AutoZone, Inc. announced that its Board of Directors has authorized the repurchase of an additional $1.5 billion of the company’s common stock under its ongoing share repurchase program.

Rhea-AI Filing Summary

AutoZone, Inc. announced that its Board of Directors has authorized the repurchase of an additional $1.5 billion of the company’s common stock under its ongoing share repurchase program. This expands a long-running capital return strategy that has been in place since 1998.

Including this new authorization, the Board has approved a cumulative total of $42.2 billion for share repurchases. Management describes its capital allocation approach as disciplined, aiming to generate strong free cash flow, invest in growth, and maintain investment grade credit ratings while continuing buybacks.

AutoZone also highlights its operational scale. As of May 26, 2026, it operated 6,766 stores in the U.S., 933 in Mexico, and 157 in Brazil, for a total of 7,856 locations. The company sells automotive replacement parts and accessories through its stores and online platforms but does not provide repair or installation services.

Insights

Equity Capital Markets Analyst

AutoZone expands long-running, large-scale share repurchase authorization.

The Board’s authorization of an additional $1.5 billion in share repurchases, bringing total approved buybacks since 1998 to $42.2 billion, underscores AutoZone’s sustained use of repurchases as a core capital allocation tool alongside growth investment.

Management links this flexibility to strong free cash flow generation and a desire to maintain investment grade credit ratings. The filing does not specify timing or execution pace, so the eventual impact on share count and leverage will depend on future market conditions and company decisions.

Operationally, AutoZone reports 7,856 stores across the U.S., Mexico and Brazil as of May 26, 2026, reinforcing that these buyback decisions are being made against the backdrop of a large, established retail and distribution footprint in the Americas.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

New buyback authorization: $1.5 billion Total buyback authorizations: $42.2 billion U.S. stores: 6,766 stores +3 more

6 metrics

New buyback authorization $1.5 billion Additional common stock repurchase capacity authorized by Board

Total buyback authorizations $42.2 billion Cumulative share repurchase authorizations since 1998

U.S. stores 6,766 stores Store count in the U.S. as of May 26, 2026

Mexico stores 933 stores Store count in Mexico as of May 26, 2026

Brazil stores 157 stores Store count in Brazil as of May 26, 2026

Total stores 7,856 stores Total store count across all countries as of May 26, 2026

Key Terms

share repurchase program, free cash flow, investment grade credit ratings, Commercial sales program, +1 more

5 terms

share repurchase program financial

"authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

free cash flow financial

"allow us to generate strong free cash flow, invest in growth, and increase our share buyback authorization"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

investment grade credit ratings financial

"increase our share buyback authorization while maintaining investment grade credit ratings"

A graded label assigned by credit agencies that indicates a borrower’s ability to repay debt, with “investment grade” meaning relatively low risk of default. Investors treat it like a safety score—similar to checking a car’s reliability before buying—because higher ratings usually mean steadier income and lower chance of losing principal, affecting interest rates, portfolio choices, and regulatory or fund eligibility.

Commercial sales program financial

"The majority of stores have a Commercial sales program that provides prompt delivery of parts and other products and Commercial credit"

capital allocation approach financial

"Our disciplined capital allocation approach continues to allow us to generate strong free cash flow"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AutoZone (AZO) announce regarding its share repurchase program?

AutoZone announced that its Board authorized an additional $1.5 billion for repurchasing common stock. This expands the company’s ongoing share repurchase program, which has been a key part of its capital allocation since the late 1990s.

How large is AutoZone’s (AZO) total share repurchase authorization now?

Including the new authorization, AutoZone’s Board has approved $42.2 billion in total share repurchase capacity since 1998. This figure reflects all cumulative authorizations and highlights the long-term scale of the company’s buyback strategy.

Why does AutoZone (AZO) say it can continue its share repurchase program?

AutoZone’s CFO said a disciplined capital allocation approach supports continued buybacks. The company cites strong free cash flow generation, ongoing investments in growth, and maintaining investment grade credit ratings as foundations for its repurchase activity.

How many stores does AutoZone (AZO) operate as of May 26, 2026?

As of May 26, 2026, AutoZone operated 6,766 stores in the U.S., 933 in Mexico, and 157 in Brazil. This totals 7,856 stores across the Americas, reflecting a large retail and distribution footprint for automotive parts.

What products and services does AutoZone (AZO) provide to customers?

AutoZone sells automotive replacement parts and accessories, including hard parts, maintenance items, and non-automotive products. The company serves retail and commercial customers but explicitly states it does not derive revenue from automotive repair or installation services.

Through which online platforms does AutoZone (AZO) sell its products and software?

AutoZone sells parts and accessories through www.AutoZone.com and serves Commercial customers via www.AutoZonePro.com. It also offers ALLDATA diagnostic and shop management software at www.ALLDATA.com and product information for Duralast parts at www.DuralastParts.com.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/16/2026 - 05:00 PM Learn about SEC filing dates

False000086678700008667872026-06-162026-06-16iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 16, 2026

_______________________________

AUTOZONE, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Nevada	1-10714	62-1482048
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

123 South Front Street

Memphis, Tennessee 38103

(Address of Principal Executive Offices) (Zip Code)

(901) 495-6500

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	AZO	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On June 16, 2026, AutoZone, Inc. issued a press release announcing that the Board has authorized the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release, dated June 16, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AUTOZONE, INC.
Date: June 16, 2026	By:	/s/ Jamere Jackson
		Jamere Jackson
		Chief Financial Officer

EXHIBIT 99.1

AutoZone Authorizes Additional Stock Repurchase

MEMPHIS, Tenn., June 16, 2026 (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 $42.2 billion in share repurchases.

“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. 

About AutoZone:

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

AutoZone is a 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

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 PRESS RELEASE 2.9 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.3 KB
• EX-101 XBRL DEFINITION FILE 25.5 KB
• EX-101 XBRL LABEL FILE 35.1 KB
• EX-101 XBRL PRESENTATION FILE 24.1 KB