O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Sells $1,002,304.20 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Lawrence P. Oreilly sold 1,060 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $945.57, for a total transaction of $1,002,304.20. Following the sale, the director now directly owns 157,764 shares in the company, valued at $149,176,905.48. The sale was disclosed in a legal filing with the SEC, which is available through this link.

O’Reilly Automotive Stock Up 0.1 %

Shares of NASDAQ:ORLY opened at $945.81 on Friday. The company’s 50 day moving average price is $944.96 and its two-hundred day moving average price is $907.35. O’Reilly Automotive, Inc. has a 12-month low of $680.00 and a 12-month high of $975.72. The firm has a market cap of $56.99 billion, a PE ratio of 26.24, a PEG ratio of 1.88 and a beta of 0.85.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share for the quarter, topping analysts’ consensus estimates of $10.05 by $0.17. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 163.68%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm posted $8.78 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive, Inc. will post 37.64 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ORLY. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $985.00 to $1,075.00 in a research note on Thursday, July 20th. Citigroup boosted their price objective on shares of O’Reilly Automotive from $916.00 to $983.00 in a research note on Monday, July 17th. Royal Bank of Canada boosted their price objective on shares of O’Reilly Automotive from $975.00 to $988.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Barclays boosted their price objective on shares of O’Reilly Automotive from $868.00 to $954.00 in a research note on Friday, July 28th. Finally, StockNews.com began coverage on shares of O’Reilly Automotive in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $967.40.

Institutional Trading of O’Reilly Automotive

A number of institutional investors and hedge funds have recently made changes to their positions in ORLY. Western Wealth Management LLC lifted its stake in O’Reilly Automotive by 0.7% in the 2nd quarter. Western Wealth Management LLC now owns 4,226 shares of the specialty retailer’s stock valued at $4,037,000 after purchasing an additional 29 shares during the last quarter. Strategy Asset Managers LLC lifted its stake in O’Reilly Automotive by 6.7% in the 2nd quarter. Strategy Asset Managers LLC now owns 1,092 shares of the specialty retailer’s stock valued at $1,043,000 after purchasing an additional 69 shares during the last quarter. Alberta Investment Management Corp lifted its stake in O’Reilly Automotive by 77.4% in the 2nd quarter. Alberta Investment Management Corp now owns 13,996 shares of the specialty retailer’s stock valued at $13,370,000 after purchasing an additional 6,107 shares during the last quarter. Headinvest LLC bought a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $359,000. Finally, CTC Alternative Strategies Ltd. bought a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $812,000. Institutional investors own 82.92% of the company’s stock.

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 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.