O'Reilly Auto exec trades thousands of shares

Photo courtesy O’Reilly Automotive Inc.

David Wilbanks is the company's senior vice president of merchandise.

An O’Reilly Automotive Inc. (Nasdaq: ORLY) executive last week traded thousands of company shares, ahead of its second quarter earnings report scheduled for release later this month.

David Wilbanks, senior vice president of merchandise, bought and sold a combined 5,000 shares July 15-16, according to a U.S. Securities and Exchange commission filing. He utilized SEC transaction code M, through which executives can buy shares at set rates and sell them later at market prices.

Combined, the trades were valued at roughly $1.8 million, according to the filing.

Wilbanks last month made a similar trade, when he bought and sold 10,000 shares at a net value of $3.4 million, according to past Springfield Business Journal reporting.

O’Reilly Automotive is scheduled to release its second quarter earnings results on July 29, according to a news release. The Springfield-based auto retailer's first quarter earnings dropped 6.5% to $300.4 million.

ORLY shares were trading at $440.02 as of 2 p.m., compared with a 52-week range of $251.52 to $454.31.