SPRINGFIELD, MO—O’Reilly Automotive Inc. (NASDAQ:ORLY), the $78.8 billion auto parts retailer currently trading near its 52-week high at $1,373.64, recently saw significant insider activity as Tamara Conn, the Senior Vice President of Legal and General Counsel, executed a series of stock transactions. On February 26, Conn sold 1,524 shares of common stock at a price of $1,326.783 per share, totaling approximately $2,022,017.
In addition to the sale, Conn exercised stock options to acquire 1,524 shares of common stock, with prices ranging from $240.54 to $250.51 per share. The total value of these acquisitions was $368,078. Following these transactions, Conn holds 281 shares directly and 15 shares indirectly through the company’s 401k plan.
These transactions illustrate Conn’s (OTC:CONNQ) active management of her holdings in the company, as she balances stock sales with option exercises.
In other recent news, O’Reilly Automotive reported its fourth-quarter results for 2024, revealing higher-than-expected same-store sales, although profit margins did not meet forecasts. The company has issued conservative guidance for 2025, citing the current economic climate as a reason for caution. Analysts have responded to these developments with various adjustments to their outlooks. BMO Capital Markets raised its price target for O’Reilly to $1,450, maintaining an Outperform rating, while TD Cowen increased its target to $1,500, continuing with a Buy rating. DA Davidson also raised its target to $1,525, highlighting O’Reilly’s exceptional comparable store sales growth. Truist Securities adjusted its target to $1,468, noting strong fourth-quarter performance and maintaining a Buy rating. Analysts emphasize O’Reilly’s ability to gain market share and expand geographically, despite economic challenges. The firm’s strategic initiatives and industry position are seen as key factors supporting these positive outlooks.
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