O’Reilly Automotive (NASDAQ:ORLY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

O’Reilly Automotive (NASDAQ:ORLY) posted its quarterly earnings results on Thursday. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02, Briefing.com reports. 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 during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the business posted $8.28 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year.

O’Reilly Automotive Trading Down 1.0 %

NASDAQ:ORLY traded down $10.20 during trading hours on Friday, reaching $1,043.93. The company had a trading volume of 335,739 shares, compared to its average volume of 330,021. The firm has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86. The firm’s 50 day moving average price is $1,097.20 and its 200-day moving average price is $1,015.51. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at $5,884,566.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ORLY has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on 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. Wedbush restated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday. Finally, Barclays raised their price objective on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,106.31.

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.