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. 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. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. The company's stores also provide enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; and professional paint shop mixing and related materials. Its stores offer do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. As of December 31, 2021, the company owned and operated 5,759 stores in the United States, and 25 stores in Mexico. O'Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri.
O'Reilly Automotive Stock Performance
O'Reilly Automotive stock traded up $2.20 during midday trading on Monday, reaching $733.79. The stock had a trading volume of 2,491 shares, compared to its average volume of 586,545. The stock has a market capitalization of $46.46 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. O'Reilly Automotive has a 1-year low of $562.90 and a 1-year high of $748.68. The firm's fifty day simple moving average is $658.84 and its 200-day simple moving average is $662.47.
O'Reilly Automotive (NASDAQ:ORLY - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share for the quarter, missing the consensus estimate of $8.98 by ($0.20). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. O'Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $8.33 EPS. On average, sell-side analysts anticipate that O'Reilly Automotive will post 31.56 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ORLY shares. The Goldman Sachs Group raised their target price on O'Reilly Automotive from $667.00 to $745.00 and gave the stock a "buy" rating in a report on Tuesday, August 2nd. MKM Partners lifted their price objective on O'Reilly Automotive from $700.00 to $770.00 and gave the company a "buy" rating in a report on Friday, July 29th. DA Davidson lifted their price objective on O'Reilly Automotive from $740.00 to $815.00 in a report on Friday, July 29th. Truist Financial cut their price objective on O'Reilly Automotive from $788.00 to $770.00 and set a "buy" rating on the stock in a report on Monday, July 25th. Finally, Wells Fargo & Company cut their price objective on O'Reilly Automotive from $800.00 to $750.00 and set an "overweight" rating on the stock in a report on Wednesday, June 8th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $749.23.
Insiders Place Their Bets
In other O'Reilly Automotive news, EVP Thomas Mcfall sold 300 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $724.62, for a total transaction of $217,386.00. Following the transaction, the executive vice president now owns 5,872 shares of the company's stock, valued at approximately $4,254,968.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Thomas Mcfall sold 300 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $724.62, for a total transaction of $217,386.00. Following the transaction, the executive vice president now directly owns 5,872 shares of the company's stock, valued at approximately $4,254,968.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Lynn Groves bought 175 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the acquisition, the senior vice president now directly owns 721 shares in the company, valued at approximately $412,967.17. The disclosure for this purchase can be found here. Insiders have sold 29,444 shares of company stock valued at $21,035,288 in the last 90 days. 1.73% of the stock is currently owned by insiders.
