CoreCivic

CoreCivic shares rose to a 52-week high of $34.88 after the stock gained 70.29% over the past year and has rallied about 82% year-to-date. In Q2 2026 the company beat expectations with adjusted earnings of $0.38 per share and revenue of $684.9 million. Facility sales improved liquidity and reduced debt. CoreCivic announced an accelerated $500 million share buyback agreement; approximately $255.8 million remains available under the existing repurchase program. » More on de.investing.com

CoreCivic entered into an accelerated repurchase agreement for $500 million under an existing $755.8-billion repurchase framework and will pay on August 10, 2026; an initial delivery of about 12.4 million shares is expected, with final settlement before the end of Q2/2027. After the purchase, approximately $255.8 million of repurchase authorization will remain. The company adjusted its full-year guidance: slightly lower net income and adjusted net income margins, while raising forecasts for diluted earnings per share and adjusted diluted earnings per share. The adjustments reflect the expected share delivery, lower interest income from deploying $500 million of cash, and the effects of a smaller weighted-average share count. » More on de.investing.com

CoreCivic reported adjusted earnings of $0.38 per share for Q2 2026 (expectation $0.33) and revenue of $684.9 million (expectation $615.79 million). Adjusted EBITDA rose to $109.4 million, the occupancy rate was 78.4%, and the average daily inmate count increased to 66,363. The company closed major facility sale agreements that generated roughly $1.6 billion after taxes, reducing debt and boosting liquidity. Executives highlighted an operational recovery in demand, particularly from federal agencies such as ICE, and raised the buyback authorization to $1.2 billion; the stock subsequently rose modestly. » More on de.investing.com