Tranche Update on O'Reilly Automotive, Inc.'s Equity Buyback Plan announced on January 11, 2011.
April 26, 2023 at 04:31 pm EDT
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From January 1, 2023 to March 31, 2023, the company has repurchased 1,357,000 shares, representing 2.18% for $1,111.46 million. With this, the company has completed the repurchase of 92,175,000 shares, representing 92.3% for $21,138 million under the buyback announced on January 11, 2011.
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).