Instacart (CART) said Wednesday its board approved on May 22 an expansion of its stock buyback program to $1 billion from the previously authorized $750 million.

As of March 31, about $218 million remained under the earlier repurchase plan, which was approved in parts in June and November 2024, the company said.

The new authorization has no set end date and allows for repurchases through open market transactions or private deals, depending on market conditions and other factors, Instacart said.

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