Posted by admin on Aug 21st, 2022
O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) CEO Gregory D. Johnson sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $750.19, for a total transaction of $225,057.00. Following the completion of the transaction, the chief executive officer now directly owns 4,671 shares in the company, valued at $3,504,137.49. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ:ORLY opened at $736.55 on Friday. The company has a fifty day simple moving average of $670.31 and a two-hundred day simple moving average of $665.34. The company has a market cap of $46.64 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. O’Reilly Automotive, Inc. has a 52 week low of $562.90 and a 52 week high of $750.88.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $8.33 EPS. On average, analysts expect that O’Reilly Automotive, Inc. will post 31.73 EPS for the current year.
A number of research analysts have weighed in on ORLY shares. Citigroup raised their target price on shares of O’Reilly Automotive from $662.00 to $720.00 in a research note on Thursday, July 28th. Guggenheim lifted their price target on shares of O’Reilly Automotive to $823.00 in a research report on Monday, August 15th. The Goldman Sachs Group lifted their price target on shares of O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Truist Financial reduced their price target on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Finally, Wells Fargo & Company reduced their price target on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 8th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $754.50.
A number of institutional investors and hedge funds have recently modified their holdings of ORLY. Norges Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $449,778,000. Walker Asset Management LLC grew its stake in shares of O’Reilly Automotive by 5,878.9% during the second quarter. Walker Asset Management LLC now owns 545,512 shares of the specialty retailer’s stock worth $352,579,000 after purchasing an additional 536,388 shares in the last quarter. Jennison Associates LLC grew its stake in shares of O’Reilly Automotive by 491.7% during the first quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after purchasing an additional 422,371 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of O’Reilly Automotive by 128.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares in the last quarter. Finally, Carmignac Gestion acquired a new position in shares of O’Reilly Automotive during the first quarter worth $194,291,000. Institutional investors and hedge funds own 82.76% of the company’s stock.
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. 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.
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