O’Reilly Automotive Inc (NASDAQ:ORLY) Sees Significant Growth in Short Interest

O’Reilly Automotive Inc (NASDAQ:ORLY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,438,300 shares, a growth of 8.6% from the June 30th total of 1,324,900 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 612,100 shares, the short-interest ratio is currently 2.3 days.

Shares of O’Reilly Automotive stock traded up $6.21 on Friday, reaching $381.64. The stock had a trading volume of 489,674 shares, compared to its average volume of 657,712. The company has a 50 day moving average price of $384.16 and a 200 day moving average price of $379.04. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43. O’Reilly Automotive has a 1 year low of $314.14 and a 1 year high of $414.63. The stock has a market capitalization of $29.14 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.51 and a beta of 0.73.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.16). O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the firm earned $4.28 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that O’Reilly Automotive will post 17.54 earnings per share for the current fiscal year.

A number of research analysts have commented on ORLY shares. Raymond James raised their target price on shares of O’Reilly Automotive from $435.00 to $460.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. ValuEngine downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stephens cut their target price on shares of O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada set a $428.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded shares of O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 target price on the stock. in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $410.00.

In other O’Reilly Automotive news, Director John Raymond Murphy sold 122 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total transaction of $47,082.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Lee Tarrant sold 651 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $370.69, for a total transaction of $241,319.19. Following the transaction, the senior vice president now directly owns 1,941 shares in the company, valued at approximately $719,509.29. The disclosure for this sale can be found here. Insiders have sold a total of 1,301 shares of company stock worth $479,036 in the last three months. Insiders own 2.52% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its stake in O’Reilly Automotive by 0.4% in the 2nd quarter. World Asset Management Inc now owns 5,826 shares of the specialty retailer’s stock worth $2,152,000 after purchasing an additional 26 shares in the last quarter. North American Management Corp lifted its stake in O’Reilly Automotive by 4.6% during the 2nd quarter. North American Management Corp now owns 614 shares of the specialty retailer’s stock valued at $227,000 after acquiring an additional 27 shares during the period. Parallel Advisors LLC lifted its stake in O’Reilly Automotive by 5.4% during the 1st quarter. Parallel Advisors LLC now owns 625 shares of the specialty retailer’s stock valued at $243,000 after acquiring an additional 32 shares during the period. Hotaling Investment Management LLC lifted its stake in O’Reilly Automotive by 0.6% during the 2nd quarter. Hotaling Investment Management LLC now owns 5,150 shares of the specialty retailer’s stock valued at $1,902,000 after acquiring an additional 32 shares during the period. Finally, Squar Milner Financial Services LLC lifted its stake in O’Reilly Automotive by 80.5% during the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 33 shares during the period. Institutional investors own 85.49% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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