Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  AutoZone, Inc.    AZO

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

AUTOZONE : Authorizes Additional Stock Repurchase

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/28/2011 | 11:35pm CET

MEMPHIS, Tenn., Sep 28, 2011 (GlobeNewswire via COMTEX) --

AutoZone, Inc. (NYSE:AZO), today announced its Board of Directors authorized the repurchase of an additional $750 million 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 $11.2 billion.

"AutoZone's continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings," said Bill Giles, Executive Vice President, Chief Financial Officer, Information Technology and Store Development. "We remain committed to utilizing share repurchases within the bounds of a disciplined capital structure to enhance stockholder returns while maintaining adequate liquidity to execute our plans."

Additionally, Theodore W. Ullyot has decided not to stand for re-election to the Board of Directors at the upcoming Stockholders' Meeting in December due to other business and time commitments. "Mr. Ullyot has been a Board Member since 2006, and we appreciate his sage advice and guidance these last several years. As Ted's other commitments have grown more time consuming, we understand his reasons for leaving our Board; however, we are sorry to have him depart. We wish Ted all the best on his future endeavors," said Bill Rhodes, Chairman, President and CEO.

About AutoZone:

As of August 27, 2011, AutoZone sells auto and light truck parts, chemicals and accessories through 4,534 AutoZone stores in 48 U.S. states plus the District of Columbia and Puerto Rico and 279 stores in Mexico.

AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations, and public sector accounts. AutoZone also sells the ALLDATA brand diagnostic and repair software through www.alldata.com. Additionally, we sell automotive hard parts, maintenance items, accessories, non-automotive products and subscriptions to the ALLDATAdiy product through www.autozone.com, and our commercial customers can make purchases through www.autozonepro.com. AutoZone does not derive revenue from automotive repair or installation.

This news release was distributed by GlobeNewswire, www.globenewswire.

SOURCE: AutoZone, Inc.

CONTACT: Media:
Ray Pohlman
866-966-3017
ray.pohlman@autozone.Financial:
Brian Campbell
901 495-7005
brian.campbell@autozone.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUTOZONE, INC.
01/20 AUTOZONE : Hiring 12,000 Across U.S. This Spring
01/10 POLICE : Man upset over parts warranty robs AutoZone at gunpoint
01/07 AUTOZONE : Third AutoZone location in Greeley set to open early this year
01/03 AUTOZONE : ALLDATA Signs Preferred Network Distribution Agreement with Euro Car ..
01/01 BUSINESS BEAT : AutoZone expands to South Longview, Natural Grocers sets opening..
01/01 AUTOZONE : Quaker State Names Winners Of 'Best in Class Challenge'
2016 AUTOZONE : Council approves parcel split for AutoZone store
2016 WHAT A TRIP : Retiring travel writer Ellen Creager tells all
2016 WHAT A TRIP : Retiring travel writer Ellen Creager tells all
2016 AUTOZONE INC : Change in Directors or Principal Officers, Submission of Matters ..
More news
Sector news : Auto Vehicles, Parts & Service Retailers - NEC
01/10 Automakers overhaul product plans to bet more on SUVs
2016DJHot Stocks to Watch in the U.S. and Canada
2016DJADVANCE AUTO PARTS : AutoZone Revenue Grows as It Opens More Stores
2016 November U.S. auto sales up 3.7 percent on back of steep discounts
2016DJAutoNation to Expand Operations; Profit Falls
More sector news : Auto Vehicles, Parts & Service Retailers - NEC
News from SeekingAlpha
01/20 AutoZone to hire 12K in U.S.
01/18 AutoZone on watch after Guggenheim sees upside
01/16 Buying Motor Vehicles And Parts
01/03 NEW STOCKS ON EXEC COMP & ROIC MODEL : December 2016
01/02 Ways To Trade In The Year Ahead
Advertisement
Financials ($)
Sales 2017 11 101 M
EBIT 2017 2 189 M
Net income 2017 1 324 M
Debt 2017 4 821 M
Yield 2017 -
P/E ratio 2017 16,89
P/E ratio 2018 15,17
EV / Sales 2017 2,42x
EV / Sales 2018 2,33x
Capitalization 22 038 M
More Financials
Chart AUTOZONE, INC.
Duration : Period :
AutoZone, Inc. Technical Analysis Chart | AZO | US0533321024 | 4-Traders
Full-screen chart
Technical analysis trends AUTOZONE, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 879 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
William C. Rhodes Chairman, President & Chief Executive Officer
William T. Giles CFO, EVP-Finance & Information Technology
Ronald B. Griffin Chief Information Officer & Senior Vice President
William Andrew McKenna Independent Outside Director
Earl G. Graves Lead Independent Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUTOZONE, INC.-2.50%22 038
HOTAI MOTOR CO LTD--.--%6 173
AUTONATION, INC.6.25%5 223
GT CAPITAL HOLDINGS IN..--.--%4 674
PENSKE AUTOMOTIVE GROU..0.69%4 446
INCHCAPE PLC2.35%3 707
More Results