Springfield, MO

Log in Subscribe

O’Reilly Auto executives make trades as share price rises

Posted online

As shares in the company rise in value to start the new year, O’Reilly Automotive Inc. (Nasdaq: ORLY) executives have engaged in a bevy of stock trades.

The officials executed their contractual rights to buy shares at a set cost and sell them at market prices under the U.S. Securities and Exchange Commission’s transaction code M.

The trades by four O’Reilly Automotive executives were led by co-President Jeff Shaw. On Jan. 3, he bought 10,000 shares at $22.65 apiece and sold them for $250 apiece, netting $2.3 million, according to an SEC filing.

The other trades this month were:
    •    Senior Vice President of Legal and General Counsel Jeffrey Groves, who bought 10,000 shares at $33.68 apiece and sold them for roughly $252.52 apiece to net $2.2 million;
    •    Senior Vice President of Finance and Controller Jeremy Fletcher, who made $324,600 after buying and selling 1,500 shares; and
    •    Senior Vice President of Inventory Management Randy Johnson, who netted $227,438 off the purchase and sale of 1,040 company shares.

O’Reilly Automotive shares have been in growth mode so far this year, climbing from a Dec. 29 close of $240.54 to as high as $261.26 yesterday. The company’s 52-week range is $169.43 to $283.82.

The Springfield-based auto parts retailer is scheduled to release its fourth-quarter and full-year earnings results on Feb. 7. In the third quarter, the company reported a 2 percent increase in profits to $283.7 million.


No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: The Cabling Crew

Technology veterans form startup to carve their own path, starting with a four-day workweek.

Most Read