Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): October 23, 2024

O’Reilly Automotive, Inc.

(Exact name of registrant as specified in its charter)


Missouri	000-21318	27-4358837
(State or other jurisdiction	Commission file	(I.R.S. Employer
of incorporation or organization)	number	Identification No.)

233 South Patterson Avenue

Springfield, Missouri 65802

(Address of principal executive offices, Zip code)

(417) 862-6708

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol(s)	Name of Each Exchange on which Registered
Common Stock $0.01 par value	ORLY	The NASDAQ Stock Market LLC
		(NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of Securities Act of 1933 (230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 – Financial Information

Item 2.02 – Results of Operations and Financial Condition

On October 23, 2024, O’Reilly Automotive Inc. (the “Company”) issued a press release announcing its 2024 third quarter earnings. The text of the press release is attached hereto as Exhibit 99.1.

Section 9 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits


Exhibit Number		Description
99.1		Press release dated October 23, 2024
104		Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

The information in this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: October 23, 2024	O’REILLY AUTOMOTIVE, INC.

	By:	/s/ Jeremy A. Fletcher
		Jeremy A. Fletcher
		Executive Vice President and Chief Financial Officer
		(principal financial and accounting officer)

Exhibit 99.1

FOR IMMEDIATE RELEASE

O’REILLY AUTOMOTIVE, INC. REPORTS THIRD QUARTER 2024 RESULTS

●Third quarter comparable store sales growth of 1.5%

●6% increase in third quarter diluted earnings per share to $11.41

●$2.4 billion net cash provided by operating activities year-to-date

Springfield, MO, October 23, 2024 – O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2024.

3^rd Quarter Financial Results

Brad Beckham, O’Reilly’s CEO, commented, “Our comparable store sales increased 1.5% in the third quarter, as we faced broad-based consumer pressures and a soft demand environment on both the professional and DIY sides of our business. While our third quarter results were below our expectations, we are pleased with our Team’s unwavering dedication to our customers and their ability to still deliver positive comparable store sales results in tough conditions, on top of the robust 8.7% and 7.6% increases we generated in the third quarter the last two years. We are also pleased to have generated another strong quarter of sales growth in our professional business, where we continue to gain market share. We remain very confident in the strength of the long-term, core drivers of demand in our industry, as well as our Team’s ability to outpace the market. I would like to express my appreciation to our over 92,000 Team Members for their unrelenting hard work and commitment to providing industry-leading service to our customers.”

Sales for the third quarter ended September 30, 2024, increased $161 million, or 4%, to $4.36 billion from $4.20 billion for the same period one year ago. Gross profit for the third quarter increased 4% to $2.25 billion (or 51.6% of sales) from $2.16 billion (or 51.4% of sales) for the same period one year ago. Selling, general and administrative expenses (“SG&A”) for the third quarter increased 7% to $1.35 billion (or 31.0% of sales) from $1.26 billion (or 30.1% of sales) for the same period one year ago. Operating income for the third quarter was $897 million (or 20.5% of sales), which was flat compared to $897 million (or 21.3% of sales) for the same period one year ago.

Net income for the third quarter ended September 30, 2024, increased $16 million, or 2%, to $665 million (or 15.2% of sales) from $650 million (or 15.5% of sales) for the same period one year ago. Diluted earnings per common share for the third quarter increased 6% to $11.41 on 58 million shares versus $10.72 on 61 million shares for the same period one year ago.

Year-to-Date Financial Results

Mr. Beckham concluded, “We are tightening our full-year comparable store sales guidance from a range of 2.0% to 4.0% to a range of 2.0% to 3.0%, to reflect our performance so far this year and expectations for the remainder of 2024. We remain very confident in Team O’Reilly and their ability to consistently execute our proven dual market strategy and gain market share by relentlessly focusing on providing the highest levels of service in the industry, supported by best-in-class parts availability.”

Sales for the first nine months of 2024 increased $633 million, or 5%, to $12.61 billion from $11.98 billion for the same period one year ago. Gross profit for the first nine months of 2024 increased 5% to $6.45 billion (or 51.2% of sales) from $6.14 billion (or 51.2% of sales) for the same period one year ago. SG&A for the first nine months of 2024 increased 7% to $3.94 billion (or 31.2% of sales) from $3.67 billion (or 30.6% of sales) for the same period one year ago. Operating income for the first nine months of 2024 increased 2% to $2.51 billion (or 19.9% of sales) from $2.47 billion (or 20.6% of sales) for the same period one year ago.

Net income for the first nine months of 2024 increased $41 million, or 2%, to $1.84 billion (or 14.6% of sales) from $1.79 billion (or 15.0% of sales) for the same period one year ago. Diluted earnings per common share for the first nine months of 2024 increased 7% to $31.14 on 59 million shares versus $29.20 on 61 million shares for the same period one year ago.

3^rd Quarter Comparable Store Sales Results

Comparable store sales are calculated based on the change in sales for U.S. stores open at least one year and exclude sales of specialty machinery, sales to independent parts stores, and sales to Team Members, as well as sales from Leap Day in the nine months ended September 30, 2024. Online sales for ship-to-home orders and pick-up-in-store orders for U.S. stores open at least one year are included in the comparable store sales calculation. Comparable store sales increased 1.5% for the third quarter ended September 30, 2024, on top of 8.7% for the same period one year ago. Comparable store sales increased 2.4% for the nine months ended September 30, 2024, on top of 9.4% for the same period one year ago.

Share Repurchase Program

During the third quarter ended September 30, 2024, the Company repurchased 0.5 million shares of its common stock, at an average price per share of $1,084.28, for a total investment of $541 million. During the first nine months of 2024, the Company repurchased 1.5 million shares of its common stock, at an average price per share of $1,038.32, for a total investment of $1.60 billion. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $16.0 million for the nine months ended September 30, 2024. Subsequent to the end of the third quarter and through the date of this release, the Company repurchased an additional 0.1 million shares of its common stock, at an average price per share of $1,170.55, for a total investment of $70 million. The Company has repurchased a total of 95.7 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $259.72, for a total aggregate investment of $24.85 billion. As of the date of this release, the Company had approximately $898 million remaining under its current share repurchase authorization.

Updated Full-Year 2024 Guidance

The table below outlines the Company’s updated guidance for selected full-year 2024 financial data:


		For the Year Ending
		December 31, 2024
Net, new store openings		190 to 200
Comparable store sales		2.0% to 3.0%
Total revenue		$16.6 billion to $16.8 billion
Gross profit as a percentage of sales		51.0% to 51.5%
Operating income as a percentage of sales		19.4% to 19.9%
Effective income tax rate		21.8%
Diluted earnings per share ⁽¹⁾		$40.60 to $41.10
Net cash provided by operating activities		$2.7 billion to $3.1 billion
Capital expenditures		$900 million to $1.0 billion
Free cash flow ⁽²⁾		$1.8 billion to $2.1 billion

(1)	Weighted-average shares outstanding, assuming dilution, used in the denominator of this calculation, includes share repurchases made by the Company through the date of this release.

(2)	Free cash flow is a non-GAAP financial measure. The table below reconciles Free cash flow guidance to Net cash provided by operating activities guidance, the most directly comparable GAAP financial measure:


		For the Year Ending
(in millions)		December 31, 2024
Net cash provided by operating activities		$	2,730	to	$	3,140
Less:	Capital expenditures		900	to		1,000
	Excess tax benefit from share-based compensation payments		30	to		40
Free cash flow		$	1,800	to	$	2,100

Non-GAAP Information

This release contains certain financial information not derived in accordance with United States generally accepted accounting principles (“GAAP”). These items include adjusted debt to earnings before interest, taxes, depreciation, amortization, share-based compensation, and rent (“EBITDAR”) and free cash flow. The Company does not, nor does it suggest investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial information. The Company believes that the presentation of adjusted debt to EBITDAR and free cash flow provide meaningful supplemental information to both management and investors that is indicative of the Company’s core operations. The Company has included a reconciliation of this additional information to the most comparable GAAP measure in the table above and the selected financial information below.

Earnings Conference Call Information

The Company will host a conference call on Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss its results as well as future expectations. Investors may listen to the conference call live on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations” and then “News Room.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 560004. A replay of the conference call will be available on the Company’s website through Thursday, October 23, 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 September 30, 2024, the Company operated 6,291 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, 2023, 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

O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)


	September 30, 2024		September 30, 2023		December 31, 2023
	(Unaudited)		(Unaudited)		(Note)
Assets
Current assets:
Cash and cash equivalents	$	115,613	$	82,664	$	279,132
Accounts receivable, net		401,950		399,654		375,049
Amounts receivable from suppliers		154,300		156,727		140,443
Inventory		4,913,237		4,631,511		4,658,367
Other current assets		113,187		107,156		105,311
Total current assets		5,698,287		5,377,712		5,558,302

Property and equipment, at cost		8,969,137		8,136,342		8,312,367
Less: accumulated depreciation and amortization		3,532,755		3,248,165		3,275,387
Net property and equipment		5,436,382		4,888,177		5,036,980

Operating lease, right-of-use assets		2,269,929		2,213,884		2,200,554
Goodwill		997,226		895,399		897,696
Other assets, net		175,698		176,666		179,463
Total assets	$	14,577,522	$	13,551,838	$	13,872,995

Liabilities and shareholders’ deficit
Current liabilities:
Accounts payable	$	6,359,619	$	6,199,816	$	6,091,700
Self-insurance reserves		123,505		128,892		128,548
Accrued payroll		141,361		124,040		138,122
Accrued benefits and withholdings		201,351		170,550		174,650
Income taxes payable		206,776		325,693		7,860
Current portion of operating lease liabilities		408,571		385,942		389,536
Other current liabilities		743,982		496,149		730,937
Total current liabilities		8,185,165		7,831,082		7,661,353

Long-term debt		5,359,810		5,102,350		5,570,125
Operating lease liabilities, less current portion		1,938,162		1,895,991		1,881,344
Deferred income taxes		325,869		282,894		295,471
Other liabilities		207,580		199,990		203,980

Shareholders’ equity (deficit):
Common stock, $0.01 par value:
Authorized shares – 245,000,000
Issued and outstanding shares –
57,838,920 as of September 30, 2024,
59,621,138 as of September 30, 2023, and
59,072,792 as of December 31, 2023		578		596		591
Additional paid-in capital		1,449,447		1,341,163		1,352,275
Retained deficit		(2,875,955)		(3,132,517)		(3,131,532)
Accumulated other comprehensive (loss) income		(13,134)		30,289		39,388
Total shareholders’ deficit		(1,439,064)		(1,760,469)		(1,739,278)

Total liabilities and shareholders’ deficit	$	14,577,522	$	13,551,838	$	13,872,995

Note: The balance sheet at December 31, 2023, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.

O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share data)


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Sales	$	4,364,437	$	4,203,380	$	12,612,878	$	11,980,235
Cost of goods sold, including warehouse and distribution expenses		2,113,212		2,042,917		6,159,421		5,842,861
Gross profit		2,251,225		2,160,463		6,453,457		6,137,374

Selling, general and administrative expenses		1,354,497		1,263,241		3,940,950		3,669,734
Operating income		896,728		897,222		2,512,507		2,467,640

Other income (expense):
Interest expense		(55,166)		(51,361)		(167,145)		(145,520)
Interest income		2,055		1,292		5,239		2,920
Other, net		4,304		(486)		9,266		8,179
Total other expense		(48,807)		(50,555)		(152,640)		(134,421)

Income before income taxes		847,921		846,667		2,359,867		2,333,219
Provision for income taxes		182,457		196,840		524,317		539,142
Net income	$	665,464	$	649,827	$	1,835,550	$	1,794,077

Earnings per share-basic:
Earnings per share	$	11.47	$	10.82	$	31.34	$	29.46
Weighted-average common shares outstanding – basic		57,998		60,082		58,563		60,905

Earnings per share-assuming dilution:
Earnings per share	$	11.41	$	10.72	$	31.14	$	29.20
Weighted-average common shares outstanding – assuming dilution		58,335		60,590		58,942		61,445

O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)


	For the Nine Months Ended
	September 30,
	2024		2023
Operating activities:
Net income	$	1,835,550	$	1,794,077
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and intangibles		339,324		296,583
Amortization of debt discount and issuance costs		4,870		3,597
Deferred income taxes		8,536		35,982
Share-based compensation programs		21,600		21,948
Other		5,928		3,574
Changes in operating assets and liabilities:
Accounts receivable		(9,175)		(58,658)
Inventory		(212,491)		(263,896)
Accounts payable		252,454		315,910
Income taxes payable		198,780		353,366
Other		(20,287)		15,172
Net cash provided by operating activities		2,425,089		2,517,655

Investing activities:
Purchases of property and equipment		(732,916)		(753,958)
Proceeds from sale of property and equipment		10,268		10,461
Investment in tax credit equity investments		—		(4,150)
Other, including acquisitions, net of cash acquired		(160,960)		(2,126)
Net cash used in investing activities		(883,608)		(749,773)

Financing activities:
Proceeds from borrowings on revolving credit facility		30,000		3,227,000
Payments on revolving credit facility		(30,000)		(3,227,000)
Net (payments) proceeds of commercial paper		(706,850)		1,025,075
Proceeds from the issuance of long-term debt		498,910		—
Principal payments on long-term debt		—		(300,000)
Payment of debt issuance costs		(3,900)		(39)
Repurchases of common stock		(1,604,509)		(2,590,980)
Net proceeds from issuance of common stock		112,825		71,604
Other		(569)		(354)
Net cash used in financing activities		(1,704,093)		(1,794,694)

Effect of exchange rate changes on cash		(907)		893
Net decrease in cash and cash equivalents		(163,519)		(25,919)
Cash and cash equivalents at beginning of the period		279,132		108,583
Cash and cash equivalents at end of the period	$	115,613	$	82,664

Supplemental disclosures of cash flow information:
Income taxes paid	$	419,331	$	147,128
Interest paid, net of capitalized interest		139,228		127,085

O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES

SELECTED FINANCIAL INFORMATION

(Unaudited)


		For the Twelve Months Ended
		September 30,
Adjusted Debt to EBITDAR:		2024		2023
(In thousands, except adjusted debt to EBITDAR ratio)
GAAP debt		$	5,359,810	$	5,102,350
Add:	Letters of credit		127,234		111,732
	Unamortized discount and debt issuance costs		30,190		27,650
	Six-times rent expense		2,664,996		2,507,928
Adjusted debt		$	8,182,230	$	7,749,660

GAAP net income		$	2,388,054	$	2,322,649
Add:	Interest expense		223,293		187,851
	Provision for income taxes		643,344		656,817
	Depreciation and amortization		451,802		396,468
	Share-based compensation expense		27,163		29,493
	Rent expense ⁽ⁱ⁾		444,166		417,988
EBITDAR		$	4,177,822	$	4,011,266

Adjusted debt to EBITDAR			1.96		1.93

(i)	The table below outlines the calculation of Rent expense and reconciles Rent expense to Total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the twelve months ended September 30, 2024 and 2023 (in thousands):


		For the Twelve Months Ended
		September 30,
		2024		2023
Total lease cost, per ASC 842		$	530,689	$	495,360
Less:	Variable non-contract operating lease components, related to property taxes and insurance		86,523		77,372
Rent expense		$	444,166	$	417,988


	September 30,
	2024			2023
Selected Balance Sheet Ratios:
Inventory turnover ⁽¹⁾		1.7			1.7
Average inventory per store (in thousands) ⁽²⁾	$	781		$	758
Accounts payable to inventory ⁽³⁾		129.4	%		133.9	%


		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2024		2023		2024		2023
Reconciliation of Free Cash Flow (in thousands):
Net cash provided by operating activities		$	772,015	$	866,286	$	2,425,089	$	2,517,655
Less:	Capital expenditures		258,309		293,016		732,916		753,958
	Excess tax benefit from share-based compensation payments		13,666		8,862		35,044		27,852
	Investment in tax credit equity investments		—		1		—		4,150
Free cash flow		$	500,040	$	564,407	$	1,657,129	$	1,731,695


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Revenue Disaggregation (in thousands):
Sales to do-it-yourself customers	$	2,215,640	$	2,206,511	$	6,366,670	$	6,254,980
Sales to professional service provider customers		2,032,376		1,914,884		5,901,820		5,480,212
Other sales, sales adjustments, and sales from the acquired Vast Auto stores		116,421		81,985		344,388		245,043
Total sales	$	4,364,437	$	4,203,380	$	12,612,878	$	11,980,235


	For the Three Months Ended		For the Nine Months Ended		For the Twelve Months Ended
	September 30,		September 30,		September 30,
	2024	2023	2024	2023	2024	2023
Store Count:
Beginning domestic store count	6,152	6,027	6,095	5,929	6,063	5,910
New stores opened	35	36	92	136	125	156
Stores closed	—	—	—	(2)	(1)	(3)
Ending domestic store count	6,187	6,063	6,187	6,063	6,187	6,063

Beginning Mexico store count	69	44	62	42	48	28
New stores opened	9	4	16	6	30	20
Ending Mexico store count	78	48	78	48	78	48

Beginning Canada store count	23	—	—	—	—	—
Stores acquired	—	—	23	—	23	—
New stores opened	3	—	3	—	3	—
Ending Canada store count	26	—	26	—	26	—

Total ending store count	6,291	6,111	6,291	6,111	6,291	6,111


	For the Three Months Ended				For the Twelve Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Store and Team Member Information:
Total employment		92,709		90,910
Square footage (in thousands) ⁽⁴⁾		47,949		46,258
Sales per weighted-average square foot ⁽⁴⁾⁽⁵⁾	$	89.17	$	89.99	$	340.84	$	339.76
Sales per weighted-average store (in thousands) ⁽⁴⁾⁽⁶⁾	$	689	$	683	$	2,620	$	2,564

(1)	Calculated as cost of goods sold for the last 12 months divided by average inventory. Average inventory is calculated as the average of inventory for the trailing four quarters used in determining the denominator.

(2)	Calculated as inventory divided by store count at the end of the reported period.

(3)	Calculated as accounts payable divided by inventory.

(4)	Represents O’Reilly’s U.S. and Puerto Rico operations only.

(5)	Calculated as sales less jobber sales, divided by weighted-average square footage. Weighted-average square footage is determined by weighting store square footage based on the approximate dates of store openings, acquisitions, expansions, or closures.

(6)	Calculated as sales less jobber sales, divided by weighted-average stores. Weighted-average stores is determined by weighting stores based on their approximate dates of openings, acquisitions, or closures.

Document and Entity Information Document and Entity Information	Oct. 23, 2024
Cover Page
Document type	8-K
Amendment flag	false
Document period end date	Oct. 23, 2024
Entity registrant name	O Reilly Automotive Inc
Entity central index key	0000898173
Entity incorporation, state	MO
Entity file number	000-21318
Entity tax identification number	27-4358837
Entity address	233 South Patterson Avenue
Entity address, city	Springfield
Entity address, state	MO
Entity address, postal zip code	65802
City area code	417
Local phone number	862-6708
Written communications	false
Soliciting material	false
Pre-commencement tender offer	false
Pre-commencement issuer tender offer	false
Title of 12(b) security	Common Stock
Trading symbol	ORLY
Security exchange name	NASDAQ
Entity emerging growth company	false