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O’Reilly Auto execs sell $23M in stock

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O’Reilly Automotive Inc.’s (Nasdaq: ORLY) stock has hit multiple 52-week highs in recent days, and its executives have unloaded more than 60,000 shares collectively.

During the final week of October, seven of the Springfield-based auto parts retailer’s officers and board members together made transactions valued at $23.3 million, according to filings with the U.S. Securities and Exchange Commission. In most of the trades, the executives and board members utilized SEC transaction code M, through which they can buy shares at set rates and sell them later at market prices.

Leading the trades was board Chairman David O’Reilly, who made $7.9 million from two transactions involving nearly 20,000 shares Oct. 29-30.

Below are the other trades, by transaction value:
• Greg Henslee, executive vice chairman of the board, $6.2 million;
• Thomas McFall, chief financial officer, $3.6 million;
• Rosalie O’Reilly Wooten, board member, $2.3 million;
• Scott Kraus, senior vice president of real estate and expansion, $1.9 million;
• Jeremy Fletcher, senior vice president of finance and controller, $1.4 million; and
• John Murphy, board member, $109,665.

O’Reilly Automotive last month reported record revenue and net income in the third quarter. Profits were $391.3 million on revenue of $2.7 billion. The company is on track to hit a $10 billion sales goal for the year, according to past Springfield Business Journal reporting.

ORLY shares were trading at $439.46 as of 10:33 a.m., compared with a 52-week range of $319.13 to $446.78, which was reached on Oct. 25.


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