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O'Reilly Automotive logoO'Reilly Automotive ORLY

The company said on November 22, 2024 that its Board approved an increase of $2.0 billion to the authorization amount under its share repurchase program.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said on November 22, 2024 that its Board approved an increase of $2.0 billion to the authorization amount under its share repurchase program.

  2. The company said the increase raised the total authorization under the program to $27.75 billion.

  3. The company said the additional $2.0 billion authorization is effective for 3 years, beginning on November 22, 2024.

  4. The company said stock repurchases will be made solely through open market repurchases effected through a broker dealer, there can be no assurance as to the number of shares it will purchase, and the program may be modified, suspended or terminated at any time without prior notice.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

O'Reilly Raises Share Repurchase Authorization by $2.0 billion

The company said on November 22, 2024 that its Board approved an increase of $2.0 billion to the authorization amount under its share repurchase program.

Source · Based on the filing body and exhibits

Total Authorization of $27.75 billion

The company said the increase raised the total authorization under the program to $27.75 billion.

Source · Based on the filing body and exhibits

Additional Authorization Runs 3 Years

The company said the additional $2.0 billion authorization is effective for 3 years, beginning on November 22, 2024.

Source · Based on the filing body and exhibits

Repurchase Method and Possible Program Changes

The company said stock repurchases will be made solely through open market repurchases effected through a broker dealer, there can be no assurance as to the number of shares it will purchase, and the program may be modified, suspended or terminated at any time without prior notice.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.