Carl David Wilbanks Sells 88,485 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stock

Key Points

• Carl David Wilbanks, SVP of O'Reilly Automotive, sold 88,485 shares at an average price of $102.54, totaling approximately $9.07 million, reducing his ownership by 89.57%.
• O'Reilly Automotive's stock price was trading at $101.54, with a market cap of $86.16 billion and a PE ratio of 36.30.
• Analysts consistently rate O'Reilly Automotive positively, with multiple firms raising their target prices, including BMO Capital Markets increasing it to $110.00 and Citigroup to $114.00.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

O'Reilly Automotive Price Performance

ORLY stock traded down $0.15 during midday trading on Monday, reaching $101.39. 4,170,401 shares of the stock were exchanged, compared to its average volume of 5,644,321. The stock has a market capitalization of $86.03 billion, a PE ratio of 36.25, a P/E/G ratio of 2.68 and a beta of 0.56. O'Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $104.86. The company has a fifty day moving average price of $94.27 and a 200 day moving average price of $91.83.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.55 EPS. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On O'Reilly Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at about $25,000. HighMark Wealth Management LLC grew its position in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at about $30,000. Finally, Saudi Central Bank bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at about $33,000. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several analyst reports. Argus initiated coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. Royal Bank Of Canada lifted their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Citigroup lifted their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average price target of $103.38.

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.