David and Larry O'Reilly, two members of the family namesake of O'Reilly Automotive Inc. (Nasdaq: ORLY), recently traded tens of thousands of shares in the company.
David O'Reilly, executive vice chairperson of the board, and Larry O'Reilly, a director, on June 17 disclosed trades combining for nearly 60,000 shares in filings with the U.S. Securities and Exchange Commission.
On that day last week, David O'Reilly sold 9,360 shares directly in a deal valued at roughly $5 million. According to SEC documents, he also sold 28,079 shares indirectly in a deal valued at $15 million. Indirect shares may be held through a person's spouse, as a trustee for children or through a company's 401(k) plan.
Larry O'Reilly on June 17 sold 22,053 shares indirectly in a deal valued at $11.8 million, according to an SEC filing.
Springfield-based auto parts retailer O'Reilly Automotive in April reported first quarter net income of $501.6 million, a 67% increase from $300.4 million a year earlier.
ORLY shares were trading at $551.17 as of 10:53 a.m., compared with a 52-week range of $409.17 to $568.63 per share. The 52-week high was hit May 10.
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