LKQ Boosts Buyback Authorization

by Shivani Kumaresan, Benzinga Staff Writer

May 12, 2022 2:23 PM | 1 min read |

LKQ Corp 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.

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