LKQ Plans $1B Increase And One-year Extension To Its Stock Repurchase Program, Raising Aggregate Authorization To $4.5B Through October 25, 2026
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation has announced a $1 billion increase and a one-year extension to its stock repurchase program, raising the total authorization to $4.5 billion through October 25, 2026.
October 24, 2024 | 9:59 am
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LKQ Corporation has increased its stock repurchase program by $1 billion and extended it by one year, bringing the total authorization to $4.5 billion through October 25, 2026.
The increase and extension of the stock repurchase program is a positive signal to investors, indicating confidence in the company's financial health and future prospects. This action is likely to support the stock price in the short term as it reduces the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100