O'Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Sells $2,898,866.25 in Stock

Key Points

• Mark Joseph Merz, Senior Vice President of O'Reilly Automotive, sold 29,505 shares of the company's stock for approximately $2.9 million, reducing his holdings by 87.45%.
• O'Reilly Automotive's stock price recently traded at $98.32, reflecting a 1.1% decrease, with a market capitalization of $84.05 billion.
• Recent analysts' reports indicate a generally positive outlook for O'Reilly Automotive, with price targets raised to as high as $114.00 by Citigroup, amidst strong institutional interest.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the sale, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mark Joseph Merz also recently made the following trade(s):

• On Tuesday, July 29th, Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50.

O'Reilly Automotive Stock Performance

ORLY stock traded up $0.80 during trading on Friday, hitting $99.12. 4,718,998 shares of the company's stock traded hands, compared to its average volume of 4,527,114. O'Reilly Automotive, Inc. has a 52 week low of $73.11 and a 52 week high of $100.60. The stock has a market capitalization of $84.73 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.60 and a beta of 0.58. The business has a fifty day simple moving average of $91.98 and a 200 day simple moving average of $90.39.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.55 earnings per share. Research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive during the 1st quarter worth about $25,000. HWG Holdings LP bought a new position in O'Reilly Automotive during the 1st quarter worth about $26,000. Oakworth Capital Inc. grew its holdings in O'Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC grew its holdings in O'Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Truist Financial lifted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $102.22.

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.