O'Reilly Automotive (NASDAQ:ORLY) Stock Price Breaks Below 200 Day Moving Average - Here's What Happened

Key Points

• O’Reilly Automotive fell below its 200-day moving average of $90.49, reaching an intraday low of $89.56 and last trading at $89.99.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $108.00; 17 rate the stock Buy or Strong Buy, while three rate it Hold.
• The company beat quarterly expectations, reporting EPS of $0.97 versus $0.93 expected and revenue of $5.12 billion, up 8.8% year over year.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $90.49 and traded as low as $89.56. O'Reilly Automotive shares last traded at $89.99, with a volume of 5,004,738 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ORLY shares. Citigroup reiterated a "buy" rating and issued a $106.00 price target (up from $104.00) on shares of O'Reilly Automotive in a research note on Monday, August 3rd. Roth Capital restated a "buy" rating and set a $111.00 price objective (up from $109.00) on shares of O'Reilly Automotive in a research report on Friday, July 31st. Robert W. Baird set a $100.00 price objective on O'Reilly Automotive and gave the company a "neutral" rating in a research note on Friday, July 31st. Sanford C. Bernstein assumed coverage on O'Reilly Automotive in a research report on Tuesday, September 29th. They issued a "market perform" rating and a $94.00 target price on the stock. Finally, UBS Group reiterated a "buy" rating and issued a $122.00 target price (up from $120.00) on shares of O'Reilly Automotive in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $108.00.

O'Reilly Automotive Price Performance

The firm has a market cap of $72.80 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55. The firm's fifty day moving average is $87.21 and its 200-day moving average is $90.49.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. O'Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the business posted $0.85 EPS. The business's revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that O'Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other O'Reilly Automotive news, Director Maria Sastre sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the transaction, the director directly owned 14,970 shares of the company's stock, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of O'Reilly Automotive stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $87.83, for a total transaction of $87,830.00. Following the transaction, the director owned 18,675 shares of the company's stock, valued at $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 6,000 shares of company stock worth $550,530. Insiders own 0.77% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in O'Reilly Automotive by 36.0% in the 3rd quarter. Brighton Jones LLC now owns 13,507 shares of the specialty retailer's stock worth $1,154,000 after purchasing an additional 3,573 shares during the period. Candriam S.C.A. lifted its position in O'Reilly Automotive by 24.2% during the third quarter. Candriam S.C.A. now owns 84,912 shares of the specialty retailer's stock valued at $7,279,000 after purchasing an additional 16,524 shares in the last quarter. Chapman Investment Management LLC grew its holdings in O'Reilly Automotive by 200.0% during the third quarter. Chapman Investment Management LLC now owns 7,920 shares of the specialty retailer's stock valued at $676,000 after purchasing an additional 15,840 shares during the period. Ethic Inc. grew its holdings in O'Reilly Automotive by 5.8% during the third quarter. Ethic Inc. now owns 31,958 shares of the specialty retailer's stock valued at $2,730,000 after purchasing an additional 1,745 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its holdings in O'Reilly Automotive by 18.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 12,990 shares of the specialty retailer's stock valued at $1,109,000 after purchasing an additional 2,020 shares during the period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.

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