In its 2022 first quarter (ended March 31), O'Reilly Automotive (NASDAQ: ORLY) spent $775 million on share repurchases . And from April 1 through April 27, the business bought back another $106 million worth of stock. These stock buybacks are a long-standing practice of the company and say a lot more about its operations than some investors might see on the surface.
Let's take a closer look at why investors should appreciate this successful retailer 's capital-return policy.
During the 10-year period from 2012 through 2021, O'Reilly repurchased a total of $18.4 billion worth of stock. For comparison's sake, the company's market cap as of this writing is $41.6 billion. This is clearly a huge cash outlay.
For further details see:
Here's the $775 Million Investment O'Reilly Shareholders Should Love