Autozone Inc., which sells car and truck parts and accessories, said Wednesday its board approved an additional $500 million in share buybacks as part of its ongoing repurchase program.
The Memphis, Tenn.-based company said that since 1998, it has approved buybacks worth $8.4 billion, including the latest allocation.
Shares of Autozone rose 67 cents to $158.66 in after-hours trading Wednesday after closing at $157.99, up $1.08 from a day earlier.
