Insider Selling: O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Sells 600 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Director Andrea Weiss sold 600 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

O’Reilly Automotive Stock Down 0.0 %

O’Reilly Automotive stock opened at $1,244.01 on Thursday. The firm has a market cap of $71.82 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.92. O’Reilly Automotive, Inc. has a 52 week low of $914.50 and a 52 week high of $1,255.30. The business’s 50-day moving average price is $1,186.07 and its 200 day moving average price is $1,106.27.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $10.72 earnings per share. Equities analysts expect that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

Institutional Trading of O’Reilly Automotive

Several hedge funds and other institutional investors have recently bought and sold shares of ORLY. Peapack Gladstone Financial Corp grew its holdings in O’Reilly Automotive by 2.3% in the third quarter. Peapack Gladstone Financial Corp now owns 1,133 shares of the specialty retailer’s stock valued at $1,305,000 after purchasing an additional 25 shares during the period. Destination Wealth Management acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $15,027,000. Wilmington Savings Fund Society FSB acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $184,000. Arvest Bank Trust Division acquired a new stake in O’Reilly Automotive in the third quarter valued at approximately $518,000. Finally, World Investment Advisors LLC grew its holdings in O’Reilly Automotive by 9.4% in the third quarter. World Investment Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $616,000 after purchasing an additional 46 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORLY shares. Bank of America increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial increased their price target on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wedbush reiterated a “neutral” rating and issued a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

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, 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.