O'Reilly Automotive
ORLY on Nasdaq. O'Reilly Automotive sells car parts and tools to do-it-yourself and professional customers. Market value $67.9bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
What to watch out for
See cheaper Retail & consumer stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $3.13 of spare cash in the past 12 months. A savings account pays about $4.
You pay 20.8 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 68 cents a year. Above 10 is good.
Quality score: 80 of 100. Price score: 55 of 100. Our list needs 70 on quality and 60 on price.
$85.14 a share, 3% above its 1-year low
Over the past year the price has ranged from $82.59 to $104.06.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $13.3bn | $14.4bn | $15.8bn | $16.7bn | $17.8bn |
| Operating margin | |||||
| Operating margin | 21.9% | 20.5% | 20.2% | 19.5% | 19.5% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.06bn | 0.84bn | 0.81bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 8.9% a year
- Buying back its own sharesNo, 1193% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $4.9 billion last quarter, up 8% on a year ago.
- Profit: $715 million, up 7% on a year ago.
- It keeps 20 cents of each $1 of sales as operating profit, up from 19 cents a year earlier.
- Spare cash over the past 12 months: $2.2 billion, up from $1.8 billion.
- 3% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $6.8 billion more than cash, up from $5.6 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $4.4bn |
| December 2024 | $4.1bn |
| March 2025 | $4.1bn |
| June 2025 | $4.5bn |
| September 2025 | $4.7bn |
| December 2025 | $4.4bn |
| March 2026 | $4.6bn |
| June 2026 | $4.9bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $665m |
| December 2024 | $551m |
| March 2025 | $538m |
| June 2025 | $669m |
| September 2025 | $726m |
| December 2025 | $605m |
| March 2026 | $604m |
| June 2026 | $715m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 28 October 2026
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
9 long-term investors we follow own it, down from 10 last quarter. 1,660 funds in all.
- Broad Run Investment ManagementDavid Firestone
- Value
- $35m
- Share of fund
- 5.3%
- Clarkston Capital PartnersJeff Hakala
- Value
- $1m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $204m | 0.5% | Cut |
| Akre Capital ManagementChuck Akre | $199m | 3.9% | Cut |
| GAMCO InvestorsMario Gabelli | $45m | 0.4% | Cut |
| Broad Run Investment ManagementDavid Firestone | $35m | 5.3% | |
| Gotham Asset ManagementJoel Greenblatt | $24m | <0.1% | Added |
| Wedgewood PartnersDavid Rolfe | $16m | 3.3% | Cut |
| FundsmithTerry Smith | $15m | 0.1% | New |
| Torray Investment PartnersRobert Torray (founder) | $6m | 0.8% | Cut |
| Clarkston Capital PartnersJeff Hakala | $1m | <0.1% |
Sold out this quarter
Largest holders overall
- BlackRock$6.0bn
- Vanguard Capital Management$5.0bn
- State Street$3.4bn
- Invesco$2.5bn
- Geode Capital Management$2.2bn
- Vanguard Portfolio Management$1.5bnCut
- Morgan Stanley$1.4bnAdded
- Principal Financial Group$1.3bnCut
- FMR$1.3bnCut
- Norges Bank$1.3bnNew
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 8 sold $12m.
- HENDRICKSON THOMASDirectorSold
- Date
- 28 August 2026
- Shares
- 1,000
- Price
- $87.83
- Value
- $87,831
- MANCINI CHRISTOPHER ANDREWSVP OF PROF SALES & STORE OPSSold
- Date
- 12 August 2026
- Shares
- 3,000
- Price
- $93.00
- Value
- $279,000
- SASTRE MARIADirectorSold
- Date
- 12 August 2026
- Shares
- 2,000
- Price
- $91.85
- Value
- $183,707
- HENDRICKSON THOMASDirectorSold
- Date
- 29 May 2026
- Shares
- 1,200
- Price
- $88.32
- Value
- $105,984
- DUMAS ROBERT ALLENSVP OF EASTERN STORE OPS/SALESSold
- Date
- 20 May 2026
- Shares
- 84,600
- Price
- $92.60
- Value
- $8m
- MURPHY JOHN RAYMONDDirectorSold
- Date
- 18 May 2026
- Shares
- 2,595
- Price
- $88.67
- Value
- $230,099
- BECKHAM BRAD WCEOSold
- Date
- 8 May 2026
- Shares
- 13,635
- Price
- $95.00
- Value
- $1m
- HOPPER PHILIP MSVP OF REAL ESTATE & EXPANSIONSold
- Date
- 7 May 2026
- Shares
- 3,700
- Price
- $94.60
- Value
- $350,020
- SASTRE MARIADirectorSold
- Date
- 27 February 2026
- Shares
- 1,000
- Price
- $92.68
- Value
- $92,680
- HOPPER PHILIP MSVP OF REAL ESTATE & EXPANSIONSold
- Date
- 26 November 2025
- Shares
- 3,500
- Price
- $101.25
- Value
- $354,375
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 August 2026 | HENDRICKSON THOMAS Director | Sold | 1,000 | $87.83 | $87,831 |
| 12 August 2026 | MANCINI CHRISTOPHER ANDREW SVP OF PROF SALES & STORE OPS | Sold | 3,000 | $93.00 | $279,000 |
| 12 August 2026 | SASTRE MARIA Director | Sold | 2,000 | $91.85 | $183,707 |
| 29 May 2026 | HENDRICKSON THOMAS Director | Sold | 1,200 | $88.32 | $105,984 |
| 20 May 2026 | DUMAS ROBERT ALLEN SVP OF EASTERN STORE OPS/SALES | Sold | 84,600 | $92.60 | $8m |
| 18 May 2026 | MURPHY JOHN RAYMOND Director | Sold | 2,595 | $88.67 | $230,099 |
| 8 May 2026 | BECKHAM BRAD W CEO | Sold | 13,635 | $95.00 | $1m |
| 7 May 2026 | HOPPER PHILIP M SVP OF REAL ESTATE & EXPANSION | Sold | 3,700 | $94.60 | $350,020 |
| 27 February 2026 | SASTRE MARIA Director | Sold | 1,000 | $92.68 | $92,680 |
| 26 November 2025 | HOPPER PHILIP M SVP OF REAL ESTATE & EXPANSION | Sold | 3,500 | $101.25 | $354,375 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 27 Feb 2026, plus the 10-Q filed 7 Aug 2026 and 12 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.