O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Sells $734,442.00 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % 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 the SEC website.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $5.46 during trading hours on Tuesday, hitting $1,244.22. The stock had a trading volume of 374,958 shares, compared to its average volume of 375,694. The company has a market capitalization of $71.83 billion, a P/E ratio of 30.65, a P/E/G ratio of 2.49 and a beta of 0.92. The firm’s 50-day moving average price is $1,181.53 and its two-hundred day moving average price is $1,103.72. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.72 EPS. As a group, analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ORLY shares. Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Roth Mkm restated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Bank of America lifted their price objective on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, TD Cowen boosted their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,242.13.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank Pictet & Cie Asia Ltd. acquired a new position in shares of O’Reilly Automotive during the second quarter worth approximately $800,000. Handelsbanken Fonder AB raised its stake in shares of O’Reilly Automotive by 2.5% in the third quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after purchasing an additional 727 shares in the last quarter. Assetmark Inc. raised its stake in shares of O’Reilly Automotive by 20.8% in the third quarter. Assetmark Inc. now owns 18,580 shares of the specialty retailer’s stock valued at $21,396,000 after purchasing an additional 3,193 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of O’Reilly Automotive by 90.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock valued at $15,458,000 after purchasing an additional 6,954 shares in the last quarter. Finally, Marshfield Associates raised its stake in shares of O’Reilly Automotive by 0.6% in the second quarter. Marshfield Associates now owns 302,886 shares of the specialty retailer’s stock valued at $319,866,000 after purchasing an additional 1,718 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Company Profile

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.