Asbury Automotive Plans New Stock Repurchase Authorization Of $250M
Portfolio Pulse from Benzinga Newsdesk
Asbury Automotive announces a new stock repurchase authorization of $250M. Year-to-date 2023, the company has repurchased around 1.1 million shares for approximately $211 million, with no remaining availability under the previous program.
May 26, 2023 | 10:52 am
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POSITIVE IMPACT
Asbury Automotive's new $250M stock repurchase authorization may positively impact its stock price in the short term.
Asbury Automotive's new stock repurchase authorization of $250M demonstrates the company's confidence in its stock and financial position. This may lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100