O'Reilly Automotive (NASDAQ:ORLY) Announces Quarterly Earnings Results

Key Points

• O'Reilly Automotive reported a quarterly earnings per share (EPS) of $0.85, exceeding analysts' expectations of $0.83 by $0.02.
• The company’s stock has a market capitalization of $85.88 billion and a P/E ratio of 36.18, with a twelve-month trading range between $76.22 and $108.71.
• O'Reilly Automotive received multiple upgrades from analysts, with price targets increased to as much as $121.00 by Wolfe Research and a consensus rating of "Moderate Buy".

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) announced its earnings results on Wednesday. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02, Zacks reports. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%.

O'Reilly Automotive Stock Performance

ORLY traded down $0.10 during trading on Wednesday, reaching $101.21. 4,732,091 shares of the stock were exchanged, compared to its average volume of 5,386,197. The stock has a market cap of $85.88 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. O'Reilly Automotive has a twelve month low of $76.22 and a twelve month high of $108.71. The stock's 50 day moving average price is $103.76 and its two-hundred day moving average price is $96.45.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target for the company. UBS Group reaffirmed a "buy" rating and set a $120.00 price target (up from $115.00) on shares of O'Reilly Automotive in a research note on Wednesday, October 15th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target for the company. Guggenheim raised their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, BMO Capital Markets raised their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.04.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction 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 transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On O'Reilly Automotive

A number of institutional investors have recently modified their holdings of ORLY. Akre Capital Management LLC boosted its position in shares of O'Reilly Automotive by 989.3% in the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer's stock valued at $848,188,000 after acquiring an additional 8,546,804 shares during the period. Ameriprise Financial Inc. boosted its position in shares of O'Reilly Automotive by 1,316.5% in the second quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer's stock valued at $272,871,000 after acquiring an additional 2,814,071 shares during the period. Raymond James Financial Inc. boosted its position in shares of O'Reilly Automotive by 1,277.3% in the second quarter. Raymond James Financial Inc. now owns 2,346,977 shares of the specialty retailer's stock valued at $211,533,000 after acquiring an additional 2,176,568 shares during the period. AQR Capital Management LLC boosted its position in shares of O'Reilly Automotive by 895.7% in the second quarter. AQR Capital Management LLC now owns 1,492,113 shares of the specialty retailer's stock valued at $133,604,000 after acquiring an additional 1,342,254 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of O'Reilly Automotive by 1,386.5% in the second quarter. California State Teachers Retirement System now owns 1,360,864 shares of the specialty retailer's stock valued at $122,655,000 after acquiring an additional 1,269,315 shares during the period. Institutional investors own 85.00% of the company's stock.

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.

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