O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Sells $53,268.48 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Dana Perlman sold 48 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY traded down $2.25 during trading hours on Wednesday, hitting $1,109.05. 361,759 shares of the company’s stock traded hands, compared to its average volume of 399,464. The company’s fifty day simple moving average is $1,041.02 and its two-hundred day simple moving average is $1,054.75. The company has a market cap of $65.32 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $860.10 and a 52 week high of $1,169.11.

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

Wall Street Analyst Weigh In

ORLY has been the subject of a number of analyst reports. Evercore ISI reduced their target price on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. Truist Financial raised their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. DA Davidson boosted their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company lowered their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,130.67.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive in the first quarter worth about $37,000. Indiana Trust & Investment Management CO increased its position in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the first quarter worth approximately $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. 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.