Lithia & Driveway (LAD) Announces Share Repurchase Authorization Increase
Lithia & Driveway increased its share repurchase authorization by $500 million, bringing the total remaining authorization to $726 million. The company has already repurchased 1.45 million shares (6.2% of outstanding) for nearly $396 million year-to-date, at a weighted average price of $274.
Key figures
- Ytd avg price
- 274
- Recent avg price
- 272
- Ytd repurchase value
- 396000000
- Shares repurchased ytd
- 1450000
- Recent repurchase value
- 137000000
- Incremental authorization
- 500000000
- Total remaining authorization
- 726000000
- Ytd repurchase pct outstanding
- 6.2%
- Recent repurchase pct outstanding
- 2.2%
- Shares repurchased since march 31
- 505000
AI analysis
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