BuybackOct 28, 2026, 11:46 AM
FirstCash Holdings Increases Stock Repurchase Authorization by $200 Million
AI Summary
FirstCash Holdings, Inc. announced an increase of $200 million to its stock repurchase authorization, bringing the total program to $350 million. The company has already utilized $128 million of the authorization. This move reflects the company's confidence in its financial strength and its commitment to returning value to shareholders, alongside its ongoing strategic focus on global growth of core pawn operations.
Key Highlights
- FirstCash Holdings, Inc. increased its stock repurchase authorization by $200 million to a total of $350 million.
- The company has utilized $128 million of the authorization to date, repurchasing 644,000 shares at an average price of $199.46.
- The remaining authorization under the program is now $222 million.
- The Board of Directors unanimously approved the increase on October 27, 2026.
- Repurchases can occur through open market transactions, block purchases, or privately negotiated transactions.
- The company has a history of returning value through share repurchases, with nearly $1.7 billion spent over 25 years.
- Average annual share repurchases over the last ten years have been $139 million.
Price Impact
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