O’Reilly Automotive (NASDAQ:ORLY) Posts Quarterly Earnings Results

O’Reilly Automotive (NASDAQ:ORLY) issued its earnings results on Thursday. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02, Briefing.com reports. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $8.28 earnings per share.

O’Reilly Automotive Trading Down 1.0 %

Shares of ORLY traded down $10.20 during midday trading on Friday, reaching $1,043.93. The stock had a trading volume of 335,739 shares, compared to its average volume of 330,021. The company’s 50-day moving average is $1,097.20 and its 200 day moving average is $1,015.51. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The company has a market capitalization of $61.62 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

Analysts Set New Price Targets

Several analysts have issued reports on ORLY shares. Royal Bank of Canada boosted their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. StockNews.com upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Evercore ISI decreased their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research note on Friday. Truist Financial decreased their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday. Finally, UBS Group boosted their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,106.31.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director John Raymond Murphy sold 269 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. In the last three months, insiders sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is currently owned by corporate insiders.

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.