FirstCash Adds $200M to Buyback, Total Authorization Hits $350M
FCFS sits 29% above its 52-week low of $146.77 on elevated volume (1.9× avg).
Summary
FirstCash's board raised the share repurchase authorization by $200 million, lifting the total program to $350 million with $222 million still available as of today's open. The company has already bought back 644,000 shares at an average of $199.46 for $128 million under the July 2026 program — above today's $189.83 price, so the new capacity sits at a lower cost basis. CEO Rick Wessel framed the move around a 'growing disconnect' between valuation and progress, and pointed to record free cash flow plus the recently upsized $1.055 billion revolver as funding capacity. This follows the Q3 beat on October 22 (adjusted EPS $2.68 vs $2.63 estimate, revenue $1.10 billion, +18%) and is a modest but real demand signal at current levels. The Ramsdens acquisition remains pending U.K. antitrust approval.
At the time of this announcement, FCFS was trading at $189.83 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $146.77 to $238.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.