11,720 Shares in AutoZone, Inc. $AZO Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Virginia Retirement Systems recently acquired 11,720 shares of AutoZone, Inc. (NYSE:AZO) for approximately $37.5 million, highlighting institutional confidence in the automotive parts retailer. This acquisition contributes to institutional investors collectively owning 92.74% of the company. AutoZone's board also authorized a $1.5 billion stock buyback, signaling that management believes its shares are undervalued.