CCC Intelligent Solutions Holdings Inc. announced a new share repurchase authorization of up to $500 million of its outstanding common stock. The company has entered into an accelerated share repurchase program with Bank of America, N.A., to repurchase an aggregate of $300 million of its common stock, initially receiving approximately 33.2 million shares, which represents about 80% of the shares expected to be repurchased. After this transaction, CCC will have $200 million of remaining capacity under the new authorization. The repurchase program may be executed through open market purchases, privately negotiated transactions, or accelerated share repurchases.