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O’Reilly Automotive, Inc. (NASDAQ:ORLY) announced Tuesday that its board of directors approved an increase of $2.0 billion to the company’s share repurchase program. This action raises the aggregate authorization under the program to $29.75 billion.
According to a press release statement issued in conjunction with a filing to the Securities and Exchange Commission, the additional $2.0 billion authorization is effective for a three-year period beginning Tuesday.
The company stated that stock repurchases under the program may be made from time to time through open market transactions at prevailing market prices. Purchases will be conducted solely through a broker dealer and will take into account factors such as share price, corporate requirements, and overall market conditions.
O’Reilly Automotive noted that there is no assurance as to the number of shares that will be repurchased, if any. The company also indicated that the repurchase program may be increased, modified, renewed, suspended, or terminated at any time without prior notice.
O’Reilly Automotive’s common stock is listed on the NASDAQ Global Select Market under the symbol ORLY. The company is headquartered in Springfield, Missouri.
All information is based on the company’s statement issued in its SEC filing.
In other recent news, O’Reilly Automotive reported its third-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved earnings per share of $0.85, exceeding the forecasted $0.83, and revenue hit $4.71 billion, above the projected $4.69 billion. Despite these strong financial results, RBC Capital lowered its price target on O’Reilly Automotive to $110.00 from $111.00, citing higher selling, general, and administrative expenses that were offset by market share gains. Meanwhile, Raymond James upgraded O’Reilly Automotive from Market Perform to Outperform, highlighting pricing tailwinds expected through early 2026 that should support comparable sales growth.
Truist Securities reiterated its Buy rating on the company, pointing to a robust third-quarter performance driven by approximately 14% growth in its Commercial sales segment. The same-SKU inflation increased by 4% during the quarter, contributing to the company’s overall performance. These developments highlight the mixed analyst perspectives on O’Reilly Automotive, with some focusing on strong financial results and others on cost concerns. Despite the varied analyst opinions, the company’s recent earnings and revenue figures have drawn significant attention from investors.
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