Pep Boys - Manny, Moe & Jack (PBY) said Wednesday that its board of directors has authorized a program to repurchase up to $50 million of the company's common stock.
The program is effective immediately and has no expiration date.
"Based on current market prices, we believe that our stock is undervalued and that the repurchase program is a good investment of available cash on hand and future cash flows," said President & Chief Executive Officer Mike Odell.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.