On June 29, O'Reilly Automotive rose 3.05% in regular trading, trading at $91.96/share, with turnover of $129 million.

On the news front, the company announced an expansion of its stock repurchase program by $2 billion, bringing the total authorization to $31.75 billion. This move signals management's strong confidence in the company's cash flow generation and long-term growth outlook. Market analysts note that such large-scale buyback programs are typically viewed as indicators of financial strength and potential undervaluation.

Additionally, the company's Q1 results posted in late April continued to support sentiment, with EPS of $0.72 beating the consensus estimate of $0.70 by 2.86%, and revenue of $4.561 billion surpassing the $4.456 billion estimate. Earnings represented a 16.13% year-over-year increase from $0.62 per share in the prior-year period. The combination of aggressive capital return initiatives and solid fundamental outperformance continues to underpin bullish market sentiment toward the stock.

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