Stock Traders Buy High Volume of O'Reilly Automotive Call Options (NASDAQ:ORLY)

Key Points

• On Monday, O'Reilly Automotive saw an unusual trading increase with investors purchasing 7,817 call options, a 309% rise from the usual daily volume of 1,910.
• Significant insider selling occurred, with SVP Ramon Parises Odems offloading 30,000 shares for over $2.7 million, representing a 99.21% reduction in his holdings.
• Analysts have raised their price targets for O'Reilly Automotive, with JPMorgan Chase increasing its target from $101 to $113, reflecting positive sentiment among market watchers.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) was the target of unusually large options trading on Monday. Investors bought 7,817 call options on the stock. Thisisanincreaseof309% compared to the typical daily volume of 1,910 call options.

Insiders Place Their Bets

In other news, SVP Ramon Parises Odems sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president directly owned 240 shares of the company's stock, valued at $21,767.20. The trade was a 99.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,840 shares of company stock valued at $6,421,556 over the last quarter. 1.01% of the stock is owned by insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC grew its stake in shares of O'Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer's stock worth $1,272,363,000 after buying an additional 13,382,074 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of O'Reilly Automotive by 1,558.2% during the second quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer's stock worth $392,630,000 after buying an additional 4,093,545 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of O'Reilly Automotive by 1,388.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer's stock worth $347,325,000 after buying an additional 3,594,612 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of O'Reilly Automotive by 1,269.2% during the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock worth $319,428,000 after buying an additional 3,285,249 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of O'Reilly Automotive by 1,401.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,194,636 shares of the specialty retailer's stock worth $197,803,000 after buying an additional 2,048,453 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on ORLY. JPMorgan Chase & Co. upped their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays restated an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Guggenheim upped their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Trading Up 1.4%

ORLY stock traded up $1.43 during mid-day trading on Monday, hitting $100.55. 1,132,603 shares of the company were exchanged, compared to its average volume of 5,682,866. The business has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $90.53. The stock has a market capitalization of $85.96 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.56. O'Reilly Automotive has a 1-year low of $73.11 and a 1-year high of $100.85.

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 (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during 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% compared to the same quarter last year. During the same period last year, the business posted $10.55 earnings per share. Equities research analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current year.

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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