O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the sale, the director now directly owns 77,562 shares in the company, valued at approximately $16,298,878.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) opened at 203.07 on Wednesday. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 17.79 and a beta of 0.74. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $291.56. The stock’s 50 day moving average price is $200.45 and its 200 day moving average price is $244.78.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. O’Reilly Automotive’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 earnings per share. Analysts forecast that O’Reilly Automotive, Inc. will post $11.88 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has authorized a stock buyback plan on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
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A number of equities research analysts recently issued reports on ORLY shares. Wedbush reissued a “neutral” rating on shares of O’Reilly Automotive in a research note on Thursday, July 6th. Deutsche Bank AG cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and dropped their price target for the company from $315.00 to $273.00 in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. set a $220.00 price target on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub cut shares of O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive has an average rating of “Hold” and a consensus target price of $242.80.
A number of hedge funds have recently bought and sold shares of ORLY. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after buying an additional 21,454 shares during the last quarter. BlackRock Inc. raised its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. JPMorgan Chase & Co. raised its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock worth $505,202,000 after buying an additional 26,678 shares during the last quarter. Principal Financial Group Inc. raised its stake in O’Reilly Automotive by 14.6% in the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock worth $387,935,000 after buying an additional 226,450 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock worth $457,502,000 after buying an additional 8,988 shares during the last quarter. 95.61% of the stock is currently owned by institutional investors.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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