Insider Selling: O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Sells 413 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $1,137.02 on Friday. The company’s fifty day moving average is $1,035.57 and its 200-day moving average is $1,053.10. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11. The company has a market capitalization of $66.96 billion, a PE ratio of 28.86, a P/E/G ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $10.22 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 41.14 EPS for the current year.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of ORLY. 9258 Wealth Management LLC increased its stake in shares of O’Reilly Automotive by 6.3% in the second quarter. 9258 Wealth Management LLC now owns 595 shares of the specialty retailer’s stock valued at $628,000 after buying an additional 35 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in O’Reilly Automotive by 59.5% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 973 shares of the specialty retailer’s stock worth $1,028,000 after acquiring an additional 363 shares during the last quarter. Unison Asset Management LLC increased its position in O’Reilly Automotive by 0.7% in the 2nd quarter. Unison Asset Management LLC now owns 8,368 shares of the specialty retailer’s stock valued at $8,837,000 after acquiring an additional 58 shares in the last quarter. Meridian Wealth Advisors LLC raised its stake in shares of O’Reilly Automotive by 6.2% in the second quarter. Meridian Wealth Advisors LLC now owns 5,355 shares of the specialty retailer’s stock worth $5,655,000 after acquiring an additional 314 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of O’Reilly Automotive by 1.7% during the second quarter. TD Asset Management Inc now owns 215,298 shares of the specialty retailer’s stock worth $227,368,000 after purchasing an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the subject of several recent analyst reports. DA Davidson increased their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI lowered their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada cut their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group cut their price objective on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

About O’Reilly Automotive

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