O’Reilly Automotive, Inc. Board of Directors Approves 15-for-1 Stock Split, Subject to Shareholder Approval of an Increase in the Number of Authorized Shares of Common Stock

Rhea-AI Summary

O'Reilly Automotive (ORLY) has announced a 15-for-1 stock split, pending shareholder approval at the annual meeting on May 15, 2025. The split requires approval to increase authorized common stock shares and will be executed as a special stock dividend.

Shareholders of record as of June 2, 2025, will receive 14 additional shares for each share held, with distribution after market close on June 9, 2025. Trading on a post-split basis begins June 10, 2025.

CEO Brad Beckham highlighted the company's strong performance since its 1993 IPO, noting a 4,330% total share price increase (approximately 21% annualized) since their last stock split in 2005. The split aims to make shares more accessible to employees, who can purchase stock through payroll deductions at a 15% discount.

As of December 31, 2024, O'Reilly operates 6,378 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.

Positive

• 15-for-1 stock split makes shares more accessible to employees and retail investors
• Consistent growth record with increased comparable store sales and revenues every year since IPO
• 4,330% share price appreciation since last stock split in 2005 (21% annualized)
• Employee-friendly 15% discount on stock purchases through payroll deductions
• Extensive retail presence with 6,378 stores across multiple countries

Negative

• Stock split implementation dependent on shareholder approval
• Increased share count may lead to higher volatility in trading

Insights

Financial Analyst

O'Reilly Automotive's announced 15-for-1 stock split represents a significant capital markets event that reflects the company's exceptional long-term performance. The unusually large split ratio – one of the most substantial in recent market history – follows a remarkable 4,330% share price appreciation (21% annualized) since their last split in 2005.

While stock splits don't change fundamental company value, they typically enhance liquidity and accessibility. This particular split is strategically aimed at enabling employee participation in O'Reilly's success through their stock purchase program, which offers a generous 15% discount via payroll deductions. The motivation aligns with strengthening their team-focused corporate culture – a priority since their 1993 IPO.

Implementation requires shareholder approval at the May 15 meeting to increase authorized shares. If approved, the mechanics involve a June 2 record date, June 9 distribution, and June 10 post-split trading commencement.

O'Reilly's operational footprint remains impressive with 6,378 stores across 48 states and international locations. This split comes against the backdrop of the company's unbroken streak of annual growth in comparable store sales, total revenues, and operating income throughout its public history – a testament to execution excellence in the automotive aftermarket sector.

• Board approves 15-for-1 stock split, subject to shareholder approval of share authorization increase
• Split is aimed at helping team members take advantage of employee stock purchase benefits

SPRINGFIELD, Mo., March 13, 2025 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors (the “Board”) approved a 15-for-1 split of its common stock, to be effected in the form of a one-time special stock dividend.

The stock split is subject to shareholder approval of an amendment to O’Reilly’s Articles of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. O’Reilly intends to seek shareholder approval for this amendment at its upcoming annual meeting on May 15, 2025.

Brad Beckham, O’Reilly’s CEO, commented, “The current per share price level of our common stock reflects the continued strong financial performance of O’Reilly since our initial public offering in April 1993, highlighted by annual growth in comparable store sales, total revenues, and operating income each year we have been a public company. In the 20 years since we last split our stock in 2005, the Company has consistently delivered strong performance, resulting in a total increase in our share price over 4,330%, or approximately 21% on an annualized basis.”

The reasoning behind the split goes back to one of the original goals for taking the Company public in 1993: to share the success with our team members.

Beckham continued, “We believe our Team O’Reilly culture is the most critical factor in our Company’s historic and future success. We also believe we are at our strongest when our team members participate in the success of our Company. This split will make our common stock more accessible to our team members, enabling them to acquire whole shares, rather than fractions, more readily through our stock purchase program, which allows them to purchase stock conveniently through payroll deductions at a 15% discount. We feel this is the right time to split the stock and further include our team members in the next chapter of growth for Team O’Reilly.”

If the amendment is approved and the Board proceeds with the stock split, shareholders of record as of June 2, 2025, will receive fourteen additional shares of common stock for each share held, which will be distributed after market close on June 9, 2025. O’Reilly’s shares are expected to begin trading on a post-split basis at the market open on June 10, 2025.

About O’Reilly Automotive, Inc.

O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of December 31, 2024, the Company operated 6,378 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.

Forward-Looking Statements

The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by forward-looking words such as “estimate,” “may,” “could,” “will,” “believe,” “expect,” “would,” “consider,” “should,” “anticipate,” “project,” “plan,” “intend,” “guidance,” “target,” or similar words. In addition, statements contained within this press release that are not historical facts are forward-looking statements, such as statements discussing, among other things, expected growth, store development, integration and expansion strategy, business strategies, future revenues, and future performance. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties, and assumptions, including, but not limited to, the economy in general; inflation; consumer debt levels; product demand; a public health crisis; the market for auto parts; competition; weather; tariffs; availability of key products and supply chain disruptions; business interruptions, including terrorist activities, war and the threat of war; failure to protect our brand and reputation; challenges in international markets; volatility of the market price of our common stock; our increased debt levels; credit ratings on public debt; damage, failure, or interruption of information technology systems, including information security and cyber-attacks; historical growth rate sustainability; our ability to hire and retain qualified employees; risks associated with the performance of acquired businesses; and governmental regulations. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the “Risk Factors” section of the annual report on Form 10-K for the year ended December 31, 2024, and subsequent Securities and Exchange Commission filings, for additional factors that could materially affect the Company’s financial performance. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

For further information contact:	Investor Relations Contacts
	Leslie Skorick (417) 874-7142
	Eric Bird (417) 868-4259
	Media Contact
	Sonya Cox (417) 829-5709

FAQ

When will O'Reilly's (ORLY) 15-for-1 stock split take effect?

The stock split will take effect after market close on June 9, 2025, with post-split trading beginning June 10, 2025, subject to shareholder approval on May 15, 2025.

How many additional shares will ORLY shareholders receive in the stock split?

Shareholders of record as of June 2, 2025, will receive 14 additional shares for each share held.

What is the employee stock purchase benefit for O'Reilly (ORLY) workers?

O'Reilly employees can purchase company stock through payroll deductions at a 15% discount.

How has O'Reilly's (ORLY) stock performed since its last split in 2005?

ORLY's share price has increased over 4,330% (approximately 21% annualized) since its last stock split in 2005.

How many stores does O'Reilly Auto Parts (ORLY) currently operate?

As of December 31, 2024, O'Reilly operates 6,378 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.