Company: ORLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000898173-25-000057
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Company: O REILLY AUTOMOTIVE INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 1A
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Item 1A.  Risk Factors 

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As of September 30, 2025, there have been no material changes to the risk factors set forth in our annual report on Form 10-K for the year ended December 31, 2024.   

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Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds 

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The Company had no sales of unregistered securities during the nine months ended September 30, 2025.  The following table identifies all repurchases during the three months ended September 30, 2025, of any of the Company’s securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, by or on behalf of the Company or any affiliated purchaser (in thousands, except per share data):

​​​​​​​​​​​​    ​    ​​    Total Number of    Maximum Dollar Value​​Total​Average​Shares Purchased as​of Shares that May Yet​​Number of​Price Paid​Part of Publicly​Be Purchased Under thePeriod​Shares Purchased​per Share​Announced Programs​Programs (1)July 1, 2025, to July 31, 2025  2,157​$ 92.73  2,157​$ 1,119,088August 1, 2025, to August 31, 2025  1,126​  102.09  1,126​  1,004,100September 1, 2025, to September 30, 2025  999​  105.11  999​$ 899,111Total as of September 30, 2025  4,282​$ 98.08  4,282​ ​

(1)The authorization under the share repurchase program that currently has capacity is scheduled to expire on November 22, 2027.  No other share repurchase programs existed during the nine months ended September 30, 2025.  See Note 9 “Share Repurchase Program” to the Condensed Consolidated Financial Statements for further information on our share repurchases. 

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Item 5.  Other Information 

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(c) Rule 10b5-1 Trading Plan Elections:

None of the Company’s Directors or