Two O’Reilly Automotive Inc. (Nasdaq: ORLY) executives recently sold more than 25,000 company shares.
The largest transaction, on Feb. 21, was made by Robert Dumas, the Springfield-based auto parts retailer’s senior vice president of eastern store operations and sales. Larry Ellis, senior vice president of distribution, conducted a smaller deal on Feb. 14, according to U.S. Securities and Exchange Commission filings. Both executives utilized SEC transaction code M, through which they can buy shares at set rates and sell them later at market prices.
Dumas bought and sold 25,000 shares, making $7.6 million, according to an SEC filing made yesterday.
Ellis utilized the code M rule to purchase 1,050 shares and then sell them, making $321,656 on the transaction, according to a separate SEC filing.
O’Reilly Automotive recently announced 2019 revenue climbed 6.4% to $10.1 billion, marking the first time the company has hit that sales benchmark. Company officials project revenue could reach $11 billion in 2020, according to past Springfield Business Journal reporting.
ORLY shares were trading at $383.01 as of 10:51 a.m., compared with a 52-week range of $349.71 to $454.31.
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