On February 9, the Board approved an increase to the company’s previously announced share repurchase program, authorizing the purchase of up to an aggregate of $1B of the company’s common stock, up from the $500M authorized by the Board in November 2023. Approximately $430M of capacity was remaining under the Previous Share Repurchase Program prior to the increase. The Share Repurchase Program has no expiration date.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CART:
- Maplebear’s Restructuring, Executive Change, and Stock Buyback Boost
- Instacart price target lowered to $30 from $31 at BofA
- CART Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Hy-Vee, Instacart announce expanded partnership agreement
- Instacart, HHS enter new public-private partnership to improve health outcomes