Key Points
- O'Reilly Automotive SVP Larry Dean Gray sold 7,750 shares for $699,205, reducing his direct stake by 60.92% to 4,971 shares.
- The company reported quarterly EPS of $0.97, beating the $0.93 consensus, while revenue of $5.12 billion also topped estimates and rose 8.8% year over year.
- Analysts maintain a Moderate Buy consensus rating, with an average price target of $108; shares were reported down 0.9%.
O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) SVP Larry Gray sold 7,750 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $90.22, for a total transaction of $699,205.00. Following the completion of the sale, the senior vice president directly owned 4,971 shares in the company, valued at approximately $448,483.62. This trade represents a 60.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
O'Reilly Automotive Stock Down 0.9%
Shares of O'Reilly Automotive stock opened at $91.49 on Friday. O'Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $102.46. The company has a market capitalization of $74.01 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.19 and a beta of 0.55. The company has a 50 day moving average of $87.29 and a 200 day moving average of $90.46.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company's quarterly revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that O'Reilly Automotive, Inc. will post 3.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. BNP Paribas Exane dropped their target price on O'Reilly Automotive from $116.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Roth Capital reaffirmed a "buy" rating and set a $111.00 price target (up from $109.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $110.00 price target (down from $115.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. Bank of America initiated coverage on O'Reilly Automotive in a research report on Monday, October 26th. They set a "buy" rating and a $106.00 price objective for the company. Finally, Citigroup reiterated a "buy" rating and issued a $106.00 price objective (up from $104.00) on shares of O'Reilly Automotive in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and an average target price of $108.00.
Read Our Latest Stock Report on ORLY
Institutional Trading of O'Reilly Automotive
Several institutional investors have recently modified their holdings of the stock. King Luther Capital Management Corp lifted its position in O'Reilly Automotive by 2.7% in the third quarter. King Luther Capital Management Corp now owns 2,180,009 shares of the specialty retailer's stock valued at $186,195,000 after acquiring an additional 56,550 shares during the last quarter. Commons Capital LLC boosted its stake in O'Reilly Automotive by 2.4% in the third quarter. Commons Capital LLC now owns 10,992 shares of the specialty retailer's stock valued at $939,000 after acquiring an additional 259 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in O'Reilly Automotive by 10.4% in the third quarter. Maryland State Retirement & Pension System now owns 49,064 shares of the specialty retailer's stock valued at $4,191,000 after acquiring an additional 4,616 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of O'Reilly Automotive by 10.1% during the third quarter. Joel Isaacson & Co. LLC now owns 4,326 shares of the specialty retailer's stock worth $369,000 after purchasing an additional 396 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of O'Reilly Automotive by 73.0% during the third quarter. Jefferies Financial Group Inc. now owns 662,853 shares of the specialty retailer's stock worth $56,614,000 after purchasing an additional 279,698 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Company Profile
(
Get Free Report)
O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.
Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.
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