O’Reilly Automotive (NASDAQ:ORLY) SVP Larry Dean Gray Sells 7,750 Shares of Company Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Larry Gray sold 7,750 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $90.22, for a total transaction of $699,205.00. Following the completion of the sale, the senior vice president directly owned 4,971 shares in the company, valued at approximately $448,483.62. The trade was a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $91.49 on Friday. The business’s 50-day moving average is $87.29 and its two-hundred day moving average is $90.46. The company has a market capitalization of $74.01 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.19 and a beta of 0.55. O’Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $102.46.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 28th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.02 billion. O’Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 3.31 EPS for the current year.

Institutional Trading of O’Reilly Automotive

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at $5,950,042,000. Bank of New York Mellon Corp acquired a new position in O’Reilly Automotive during the 2nd quarter worth $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in O’Reilly Automotive by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock worth $859,169,000 after purchasing an additional 141,915 shares in the last quarter. Amundi increased its holdings in O’Reilly Automotive by 19.7% during the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer’s stock worth $784,449,000 after purchasing an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $721,747,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on O’Reilly Automotive in a research report on Tuesday, September 29th. They set a “market perform” rating and a $94.00 price target for the company. The Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a $104.00 price objective on shares of O’Reilly Automotive in a research note on Friday, October 30th. Roth Capital reaffirmed a “buy” rating and set a $111.00 price objective (up from $109.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Bank of America started coverage on shares of O’Reilly Automotive in a report on Monday, October 26th. They set a “buy” rating and a $106.00 target price for the company. Finally, Evercore reiterated an “outperform” rating on shares of O’Reilly Automotive in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $108.00.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.