O’Reilly Automotive (NASDAQ:ORLY) Sees Strong Trading Volume

O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Free Report) shares saw an uptick in trading volume on Wednesday . 156,913 shares changed hands during mid-day trading, a decline of 59% from the previous session’s volume of 380,219 shares.The stock last traded at $968.63 and had previously closed at $970.30.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial reduced their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Wells Fargo & Company reduced their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. The Goldman Sachs Group raised their price target on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,123.64.

Get Our Latest Stock Report on ORLY

O’Reilly Automotive Trading Up 0.6 %

The firm has a fifty day moving average price of $1,038.31 and a 200 day moving average price of $1,026.92. The firm has a market cap of $57.85 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 41.93 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares in the company, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive during the first quarter worth $36,000. Newbridge Financial Services Group Inc. purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $37,000. Indiana Trust & Investment Management CO grew its position in O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Riverview Trust Co purchased a new stake in O’Reilly Automotive during the first quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $43,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.