Gregory D Johnson, CEO of O'Reilly Automotive, Sells 2,000 Shares
Brad Beckham Named Auto Parts Distributor O'Reilly's President
Earnings Fall Short of Expectations, EPS Misses by 0.28, Revenue Misses by $2.415 Billion
O'Reilly Automotive, a leading auto parts distributor, has released its Q2 2021 earnings results, which fell short of analyst expectations. The company reported earnings per share (EPS) of $7.17, missing estimates by $0.28, and revenue of $3.30 billion, a shortfall of $2.415 billion.
In addition to the disappointing financial results, O'Reilly Automotive announced the appointment of Brad Beckham as President. Beckham will succeed Gregory D. Johnson, who will remain as CEO and Co-President.
On August 16, 2023, Gregory D. Johnson sold 2,000 shares of O'Reilly Automotive for a total of $1,908,267. The sale represents a significant portion of Johnson's holdings in the company.
The disappointing earnings report and the sale of shares by the CEO have raised concerns among investors about the future of O'Reilly Automotive. The company faces increasing competition from both traditional brick-and-mortar retailers and online companies, and its ability to maintain growth in the face of these challenges remains uncertain.
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