O’Reilly Automotive (NASDAQ:ORLY) SVP Sells $699,205.00 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Free Report) SVP Larry Dean Gray sold 7,750 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total transaction of $699,205.00. Following the sale, the senior vice president owned 4,971 shares of the company’s stock, valued at approximately $448,483.62. This represents a 60.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

O’Reilly Automotive Stock Performance

NASDAQ ORLY traded down $0.86 during trading on Thursday, reaching $91.48. The company’s stock 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 price-to-earnings ratio of 28.06, a P/E/G ratio of 2.14 and a beta of 0.55. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $102.46. The business’s fifty day moving average price is $87.25 and its 200-day moving average price is $90.48.

O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last announced its earnings results 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 business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, sell-side 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

A number of large investors have recently modified their holdings of ORLY. Mesirow Financial Investment Management Inc. grew its position in shares of O’Reilly Automotive by 47.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 6,252 shares of the specialty retailer’s stock valued at $534,000 after buying an additional 2,000 shares during the last quarter. Lido Advisors LLC lifted its holdings in O’Reilly Automotive by 46.9% in the third quarter. Lido Advisors LLC now owns 48,854 shares of the specialty retailer’s stock worth $4,173,000 after acquiring an additional 15,587 shares during the last quarter. Keybank National Association OH lifted its holdings in O’Reilly Automotive by 4.1% in the third quarter. Keybank National Association OH now owns 437,357 shares of the specialty retailer’s stock worth $37,355,000 after acquiring an additional 17,187 shares during the last quarter. Kestra Investment Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at approximately $225,000. Finally, AlphaCore Capital LLC boosted its stake in O’Reilly Automotive by 15.1% in the third quarter. AlphaCore Capital LLC now owns 118,726 shares of the specialty retailer’s stock valued at $10,140,000 after acquiring an additional 15,546 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORLY. Wolfe Research set a $98.00 target price on O’Reilly Automotive in a research note on Wednesday, July 15th. The Goldman Sachs Group restated a “conviction-buy” rating and set a $104.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 30th. TD Cowen lowered their price objective on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Citigroup reiterated a “buy” rating and issued a $106.00 price objective (up from $104.00) on shares of O’Reilly Automotive in a research report on Monday, August 3rd. Finally, UBS Group reissued a “buy” rating and issued a $122.00 price objective (up from $120.00) on shares of O’Reilly Automotive in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.00.

Check Out Our Latest Analysis on ORLY

About O’Reilly Automotive

(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.

Further Reading

Insider Buying and Selling by Quarter for O'Reilly Automotive (NASDAQ:ORLY)

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