O’Reilly Automotive (NASDAQ:ORLY) SVP Sells 7,750 Shares of Company Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Larry Dean Gray sold 7,750 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total value of $699,205.00. Following the transaction, the senior vice president owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. The trade was a 60.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

O’Reilly Automotive Stock Down 0.9%

NASDAQ ORLY traded down $0.86 during trading hours on Thursday, hitting $91.48. The company had a trading volume of 8,382,845 shares, compared to its average volume of 6,488,032. The firm has a market cap of $74.00 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55. O’Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $102.46. The business has a fifty day simple moving average of $87.25 and a 200-day simple moving average of $90.48.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 188.24%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities analysts forecast that O’Reilly Automotive, Inc. will post 3.31 EPS for the current fiscal year.

Hedge Funds Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of O’Reilly Automotive in the second quarter valued at approximately $5,950,042,000. Bank of New York Mellon Corp acquired a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of O’Reilly Automotive by 1.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock valued at $859,169,000 after acquiring an additional 141,915 shares during the period. Amundi raised its holdings in O’Reilly Automotive by 19.7% during the first quarter. Amundi now owns 8,497,984 shares of the specialty retailer’s stock worth $784,449,000 after purchasing an additional 1,397,671 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in O’Reilly Automotive during the second quarter worth approximately $721,747,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORLY. The Goldman Sachs Group restated a “conviction-buy” rating and issued a $104.00 target price on shares of O’Reilly Automotive in a research report on Friday, October 30th. Morgan Stanley cut their price target on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Robert W. Baird set a $100.00 price target on O’Reilly Automotive and gave the company a “neutral” rating in a report on Friday, July 31st. BNP Paribas Exane reduced their price objective on O’Reilly Automotive from $116.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, Citigroup reissued 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 analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.00.

About O’Reilly Automotive

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.