These 3 Companies Just Announced Substantial Buybacks
Share repurchases are ramping up — and these stocks are leading the charge.
If you’re looking for signs of confidence from company leadership — look no further than stock buybacks.
Buybacks, or share repurchase programs, are one of the most shareholder-friendly moves a company can make. By reducing the number of shares available on the market, they effectively increase the value of remaining shares, assuming earnings remain steady or grow. They can also signal that management believes the stock is undervalued and sees long-term upside.
And in today’s market — where inflation, interest rates, and policy risk are all in flux — buybacks offer investors a reassuring signal: We believe in our business enough to invest in ourselves.
Recently, three well-known companies all announced sizable new buyback initiatives. Here’s a closer look at each.
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Company: Lyft (SYM: LYFT) Lyft has been quietly turning a corner — and Wall Street is starting to take notice. In its latest move, the ride-share company expanded its stock repurchase program to $750 million, showing strong internal conviction about its future. According to Reuters, Lyft plans to use $500 million of the authorization within the next 12 months, with $200 million of that happening within just the next three months. This aggressive timeline is telling — Lyft management isn’t just making a long-term promise; they’re putting real capital to work immediately. The buyback comes as Lyft is seeing surging demand. In fact, the company said the last week of March 2025 marked the highest weekly ride volume in its history, a strong signal that consumer usage is picking up post-pandemic and amid broader transportation trends. CEO David Risher noted that Q1 marked the company’s 16th consecutive quarter of double-digit year-over-year gross bookings growth — a critical milestone as it pushes further into smaller U.S. markets and diversifies beyond big-city ridesharing. Just as important is Lyft’s strengthening balance sheet. Free cash flow more than doubled from the prior year to $280.7 million in Q1, and it reached nearly $1 billion over the trailing 12 months. This gives the company ample flexibility to invest in operations and return capital to shareholders. Bottom line: Lyft is no longer the underdog in the rideshare race — it’s showing the kind of operational maturity and capital discipline that investors have long demanded. |
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Company: General Motors (SYM: GM) General Motors is firing on all cylinders — and it’s not just about EVs or trucks anymore. The company is returning serious capital to shareholders, signaling confidence in its cash flow, strategy, and future. In its latest announcement, GM said it would raise its quarterly dividend by 25%, from 12 cents to 15 cents per share. Even more significantly, it initiated a brand-new $6 billion stock buyback program, with plans to complete $2 billion of that by the second quarter. To put this in perspective, since 2023, GM has now authorized $16 billion in total stock buyback programs — enough to retire more than a billion outstanding shares. That kind of reduction in share count can have a powerful impact on earnings-per-share metrics and long-term shareholder returns. CFO Paul Jacobson noted that the company is acting from a position of strength. “We feel confident in our business plan, our balance sheet remains strong, and we will be agile if we need to respond to changes in public policy,” he told CNBC. What’s interesting here is how GM is threading the needle — returning capital while still investing in key strategic priorities like electric vehicles, autonomous driving, and global expansion. Its capital allocation plan shows a company that isn’t just reacting to the market — it’s planning for decades ahead. And at current valuation levels, GM’s repurchases could unlock substantial upside for long-term investors. |
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Company: Dycom Industries (SYM: DY) Don’t overlook this small-cap specialty contractor — Dycom Industries just joined the buyback bandwagon with a $150 million repurchase plan that could offer meaningful upside. The company, which provides specialty contracting services to the telecom and infrastructure industries, is well-positioned for long-term secular trends like 5G deployment, fiber rollout, and rural broadband expansion. Technically, shares of DY look compelling. The stock has become oversold at a support level dating back to December, and momentum indicators like RSI, MACD, and Williams %R all suggest that a bounce could be imminent. From a recent price of $171.94, we see a near-term target of $203 — a move of nearly 18%. Recent fundamentals support the story. In its latest quarter, Dycom reported earnings per share (EPS) of $2.68, beating expectations by 37 cents. Revenue grew 11.4% year-over-year to $1.27 billion, exceeding estimates by $50 million. With a healthy backlog of business and new federal infrastructure funding in the pipeline, Dycom’s long-term growth outlook remains strong. The buyback adds an extra layer of shareholder value, especially at a time when the stock appears technically and fundamentally undervalued. |
