O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Sells $6,122,480.00 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

O’Reilly Automotive Stock Up 0.5 %

Shares of ORLY opened at $1,020.71 on Wednesday. The company has a market cap of $60.25 billion, a P/E ratio of 25.91, a PEG ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The firm’s 50 day moving average price is $1,091.76 and its 200 day moving average price is $1,021.39.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The company 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%. O’Reilly Automotive’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $8.28 EPS. Research analysts forecast that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 target price for the company. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Evercore ISI decreased their price target on shares of 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, April 26th. Finally, Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,110.07.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in the stock. Qsemble Capital Management LP purchased a new position in shares of O’Reilly Automotive during the first quarter worth about $464,000. AMJ Financial Wealth Management grew its position in shares of O’Reilly Automotive by 2.2% during the first quarter. AMJ Financial Wealth Management now owns 7,055 shares of the specialty retailer’s stock worth $7,964,000 after acquiring an additional 152 shares during the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of O’Reilly Automotive by 62.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 65,217 shares of the specialty retailer’s stock worth $73,622,000 after acquiring an additional 25,155 shares during the last quarter. Inspire Advisors LLC raised its position in O’Reilly Automotive by 21.5% in the 1st quarter. Inspire Advisors LLC now owns 519 shares of the specialty retailer’s stock valued at $586,000 after purchasing an additional 92 shares during the last quarter. Finally, NorthRock Partners LLC raised its position in O’Reilly Automotive by 29.5% in the 1st quarter. NorthRock Partners LLC now owns 373 shares of the specialty retailer’s stock valued at $421,000 after purchasing an additional 85 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.