FirstCash Holdings sees $34 million stock sale by major shareholder

Published 13/02/2025, 23:24
FirstCash Holdings sees $34 million stock sale by major shareholder

FORT WORTH, Texas—Douglas Richard Rippel, a significant shareholder of FirstCash Holdings, Inc. (NASDAQ:FCFS), sold 300,000 shares of the company’s common stock in a privately negotiated transaction on February 11, 2025. The shares were sold at an average price of $113.43 per share, amounting to a total transaction value of approximately $34 million.

Following this transaction, Rippel retains indirect ownership of 4,431,869 shares through AFF Services, Inc., which is partially owned and fully controlled by the Douglas R. Rippel Revocable Trust. The sale was executed at the average high and low sale price of FirstCash's common stock on February 10, 2025, as per the company’s filing with the Securities and Exchange Commission.

In other recent news, FirstCash Holdings, Inc. reported a Q4 earnings beat, with adjusted earnings per share coming in at $2.12, surpassing the analyst consensus by $0.10. However, the company's revenue for the quarter, at $883.81 million, fell short of the estimated $898.74 million. A significant contributor to the company's strong performance was the U.S. pawn segment, which saw pre-tax operating income increase by 14% year-over-year to $111.8 million.

In addition, the company expanded its footprint, adding 16 pawn store locations in the fourth quarter, including 10 acquired stores and six new store openings. This brings FirstCash's total store count to 3,026 locations. Despite a 10% decline in pre-tax operating income, the retail POS payment solutions segment witnessed a 4% increase in transaction volumes year-over-year.

The company generated $130.6 million in adjusted free cash flow for the quarter, and its board declared a quarterly cash dividend of $0.38 per share. Looking ahead, FirstCash anticipates further growth in its pawn store base and continued expansion of its retail POS payment solutions merchant network in 2025.

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