goeasy to repurchase 1.3 million shares in 2025

Headquartered in Mississauga, goeasy provides non-prime lending and leasing services through its easyhome, easyfinancial, and LendCare brands. The company employs over 2,500 people and offers a wide range of financial products, including unsecured and secured installment loans and merchant financing options.

goeasy described the NCIB as a tool within its broader capital management strategy. The initiative balances maintaining strong capital levels with generating value for shareholders.

During its current NCIB period, which ends December 20, 2024, goeasy repurchased 92,903 shares at an average price of $166.89 per share.

The renewal comes on the heels of several significant developments for goeasy. In September, the company appointed Radhika Kakkar, COO of Wealthsimple, to its board of directors. Kakkar’s expertise in operations, strategy, and customer success complements the lender’s expansion ambitions.

Read more: Wealthsimple COO joins Goeasy’s board to drive non-prime lending growth