AutoZone Authorizes Additional $2.0B Stock Repurchase
Portfolio Pulse from Benzinga Newsdesk
AutoZone's Board of Directors has authorized an additional $2.0 billion for its ongoing share repurchase program, bringing the total authorized amount to $35.7 billion since 1998.
June 14, 2023 | 8:31 pm
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POSITIVE IMPACT
AutoZone's additional $2.0 billion share repurchase authorization may lead to a short-term increase in stock price.
The additional $2.0 billion authorization for AutoZone's share repurchase program demonstrates the company's confidence in its stock and financial position. This may lead to increased investor confidence and a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100