O REILLY AUTOMOTIVE INC

O'Reilly Automotive, Inc. announced that its Board of Directors approved an increase of $2.0 billion to its existing share repurchase program. This raises the total authorization under the program to $31.75 billion. The additional authorization is effective for a three-year period starting June 1, 2026, and repurchases will be made through open market transactions.

O'Reilly Automotive, Inc. held its 2026 Annual Meeting of Shareholders where all nine directors were re-elected to the Board. Shareholders also approved the 2025 compensation for Named Executive Officers and ratified Ernst & Young LLP as the independent auditors for 2026. Additionally, the Board approved a $2,000,000 stock option award for Executive Chairman Greg Henslee, which vests over four years. A shareholder proposal regarding corporate political spending was voted against.

O'Reilly Automotive Inc. reported strong financial results for the first quarter of 2026, with sales increasing by 10.2% to $4.56 billion and net income rising by 12.2% to $604.2 million. The company also continued its share repurchase program, buying back $922.9 million in common stock during the quarter. Additionally, O'Reilly issued $850 million in new senior notes to support its financing activities.

O'Reilly Automotive reported a strong start to 2026 with record first-quarter revenue and earnings. Comparable store sales increased by 8.1%, and diluted earnings per share rose 16% to $0.72. The company also repurchased $923 million in common stock during the quarter and updated its full-year 2026 guidance, reflecting continued positive outlook.