The buyback authorization signals management's confidence in cash flow but provides no commitment to execute. Monitor actual repurchase activity in future filings to gauge capital return pace.
Price Chart
Executive Summary
Churchill Downs announced a new $750 million share repurchase program, replacing the prior $500 million authorization and incorporating the $306 million remaining under that program. The buyback has no time limit and is at management's discretion.
Key Facts
- Board approved a $750 million share repurchase program on October 27, 2026
- New program replaces the prior $500 million program authorized in July 2025
- The new program includes the $306 million remaining under the prior authorization as of October 27, 2026 close
- Repurchases may be made in open market or privately negotiated transactions, with or without a 10b5-1 plan
- Program has no time limit and may be suspended or discontinued at any time
Financial Impact
$750 million authorized for share repurchases, incorporating $306 million of remaining prior authority
Risk Factors
- Buyback program is discretionary and may be suspended or discontinued at any time
- No time limit creates uncertainty about execution timing and magnitude
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000020212-26-000088 |
| Document: a10282026750sharerepurchas.htm | 0000020212-26-000088 |
| Document: 0000020212-26-000088-index-headers.html | 0000020212-26-000088 |
| Document: 0000020212-26-000088-index.html | 0000020212-26-000088 |
| Document: 0000020212-26-000088.txt | 0000020212-26-000088 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | $81.52 | awaiting T+60 | awaiting T+60 | $91.16 (+11.83%) |
Oct 28, 2026 1d ago | 8-K | $81.52 | awaiting T+60 | awaiting T+60 | $91.16 (+11.83%) |
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 1d ago | Press Release | $83.99 | awaiting T+60 | awaiting T+60 | $91.16 (+8.54%) |
Oct 28, 2026 1d ago | Press Release | $81.95 | awaiting T+60 | awaiting T+60 | $91.16 (+11.24%) |
Oct 28, 2026 1d ago | Institutional Cluster | $81.95 | awaiting T+60 | awaiting T+60 | $91.16 (+11.24%) |
Sep 28, 2026 4w ago | 8-K | $75.72 | awaiting T+60 | awaiting T+60 | $91.16 (+20.39%) |
Sep 21, 2026 5w ago | Press Release | $81.92 | awaiting T+60 | awaiting T+60 | $91.16 (+11.28%) |
Apr 22, 2026 27w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Apr 22, 2026 27w ago | Press Release | $97.91 $83.71 | ▼ −14.50% | ▼ −19.52% | $91.16 (−6.89%) |
US Market Status
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