- LKQ Corp (NASDAQ:LKQ) Board of Directors has approved a $500 million increase to its existing stock buyback program.
- The move raises the aggregate program authorization to $2.5 billion through October 25, 2024.
- Since initiating the stock repurchase plan in October 2018, LKQ has repurchased 37.3 million shares through March 31, 2022, for $1.5 billion.
- The company is authorized to repurchase shares in the open market and privately negotiated transactions under the program.
- LKQ held $327 million in cash and equivalents as of March 31, 2022.
- Price Action: LKQ shares are trading higher by 1.08% at $49.21 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
LKQ Boosts Buyback Authorization
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks