SPRINGFIELD, Mo.—Jason Lee Tarrant, Executive Vice President of Store Operations and Sales at O’Reilly Automotive Inc. (NASDAQ:ORLY), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Tarrant sold 1,992 shares of common stock at an average price of $1,339.10 per share, totaling approximately $2.67 million. The transaction comes as O’Reilly’s stock trades near its 52-week high of $1,350.27, with the company maintaining a substantial market capitalization of $76.5 billion.
In addition to the sale, Tarrant exercised stock options to acquire 1,992 shares at prices ranging from $269.63 to $272.21 per share, amounting to a total value of $537,737. Following these transactions, Tarrant holds 1,398 shares directly, with an additional 61 shares held indirectly in the company’s 401(k) plan. The company has demonstrated strong financial performance, with a gross profit margin of 51.2% and revenue growth of 5.7% over the last twelve months.
These transactions provide insight into the executive’s current stake in the company as O’Reilly Automotive continues its operations in the retail auto and home supply sector. According to InvestingPro, which offers comprehensive analysis of over 1,400 US stocks, the company currently appears overvalued based on its Fair Value calculations.
In other recent news, O’Reilly Automotive reported its fourth-quarter results for 2024, revealing higher-than-expected same-store sales, though margins fell short of forecasts. The company’s guidance for 2025 indicates a cautious approach, with same-store sales and margin projections lighter than anticipated, reflecting broader economic uncertainties. BMO Capital Markets responded by raising its price target for O’Reilly to $1,450, maintaining an Outperform rating, citing confidence in the company’s long-term growth prospects. Similarly, TD Cowen increased its price target to $1,500, highlighting O’Reilly’s market share growth and potential advantages from favorable weather conditions and competitor closures. DA Davidson also lifted its price target to $1,525, noting O’Reilly’s exceptional comparable store sales growth and the potential benefits from economic inflation and tariff changes. Truist Securities raised its target to $1,468, maintaining a Buy rating, and emphasized O’Reilly’s robust performance and market share gains. These recent developments underscore the analysts’ confidence in O’Reilly’s strategic initiatives and industry position.
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