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SPRINGFIELD, MO—Brad W. Beckham, CEO of O’Reilly Automotive Inc. (NASDAQ:ORLY), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Beckham sold 833 shares of common stock on February 19 at a price of $1,300 per share, totaling approximately $1.08 million. The sale occurred as the stock trades near its 52-week high of $1,350, with the company maintaining a substantial market capitalization of $74.9 billion.
In addition to the sale, Beckham exercised stock options to acquire 833 shares at a price of $256.34 each, amounting to a total value of $213,531. Following these transactions, Beckham directly owns 760 shares of O’Reilly Automotive common stock, with an additional 1,082 shares held indirectly in the company’s 401(k) plan.
O’Reilly Automotive, a leading retailer in the auto parts industry, is headquartered in Springfield, Missouri.
In other recent news, O’Reilly Automotive has been the focus of several analyst updates following its fourth-quarter results for 2024. The company reported higher-than-expected same-store sales growth, although profit margins did not meet forecasts. Despite conservative guidance for 2025, analysts have maintained a positive outlook on the company. BMO Capital Markets raised its price target for O’Reilly to $1,450, citing strong long-term growth prospects and maintaining an Outperform rating. Similarly, TD Cowen increased its price target to $1,500, emphasizing O’Reilly’s potential for market share growth and geographic expansion. DA Davidson also raised its price target to $1,525, highlighting the company’s exceptional comparable store sales growth and the potential benefits from economic inflation and tariff changes. Truist Securities adjusted its price target to $1,468, noting strong fourth-quarter results and projecting a 2%-4% growth in comparable store sales for 2025. These developments underscore continued confidence in O’Reilly Automotive’s strategic initiatives and market position.
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