FirstCash Holdings Increases Share Repurchase Authorization by $200 Million
FirstCash Holdings (FCFS) has expanded its existing share repurchase program by an additional $200 million, raising the total authorized amount to $350 million. This move signals management's confidence in the company's capital allocation strategy and long-term value proposition. Since the current program began, the company has successfully repurchased 644,000 shares at an average price of $199.46 per share, totaling approximately $128 million in expenditures. Following the announcement, FCFS shares saw a premarket increase of 2.4%, trading at $189.80.
Topics: capital allocation share repurchase stock price movement