FirstCash raises buyback authorization by $200 million to $350 million total
FirstCash's board increased the company's stock repurchase authorization by $200 million, bringing the total program to $350 million, of which $128 million had been used to date. The company said $222 million remains under the current program as of the October 28, 2026 market open, and CEO Rick Wessel cited the gap between the current valuation and the company's growth progress as the reason.
Key points
- Authorization increased by $200 million to a total of $350 million
- $128 million used to date, buying 644,000 shares at an average price of $199.46
- $222 million remains available as of the October 28, 2026 market open
- No time limit set; the program may be suspended or discontinued at any time
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.