Shari Lynne Reaves Sells 2,000 Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY) Stock

Key Points

• Shari Lynne Reaves, SVP of O'Reilly Automotive, sold 2,000 shares at an average price of $103.81, totaling $207,620, reducing her ownership by 13.49%.
• O'Reilly Automotive's recent earnings report revealed earnings per share of $0.78 and revenue of $4.53 billion, which was slightly below analyst consensus estimates.
• Equities analysts have raised their price targets for O'Reilly Automotive, with the average target now at $102.22, reflecting a general positive outlook on the stock.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

O'Reilly Automotive Trading Down 0.1%

Shares of ORLY stock traded down $0.14 during trading hours on Friday, reaching $103.33. 3,676,893 shares of the company's stock were exchanged, compared to its average volume of 5,683,294. O'Reilly Automotive, Inc. has a 1 year low of $73.11 and a 1 year high of $104.86. The stock has a market cap of $88.33 billion, a PE ratio of 36.94, a PEG ratio of 2.77 and a beta of 0.56. The stock's fifty day moving average price is $92.95 and its two-hundred day moving average price is $91.00.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $10.55 earnings per share. On average, equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Institutional Investors Weigh In On O'Reilly Automotive

A number of large investors have recently modified their holdings of ORLY. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive during the first quarter worth $25,000. HighMark Wealth Management LLC boosted its stake in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP purchased a new stake in O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ORLY shares. DA Davidson raised their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Mizuho increased their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a report on Friday, April 25th. Royal Bank Of Canada boosted their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. UBS Group upped their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their price target on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and a consensus price target of $102.22.

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.

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