O’Reilly Automotive (NASDAQ:ORLY) Downgraded to Buy at BidaskClub

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

Several other analysts have also recently issued reports on ORLY. Zacks Investment Research cut shares of O’Reilly Automotive from a “hold” rating to a “sell” rating and set a $427.00 target price on the stock. in a research report on Friday, July 19th. Goldman Sachs Group began coverage on shares of O’Reilly Automotive in a research report on Thursday, July 11th. They set a “buy” rating and a $440.00 target price on the stock. Royal Bank of Canada set a $428.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Northcoast Research cut shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $408.92.

Shares of ORLY stock traded up $4.17 during mid-day trading on Thursday, reaching $394.66. 8,649 shares of the company’s stock traded hands, compared to its average volume of 470,713. O’Reilly Automotive has a 12 month low of $314.14 and a 12 month high of $414.63. The firm has a 50 day moving average price of $383.32 and a two-hundred day moving average price of $381.71. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.10 and a current ratio of 0.85. The firm has a market capitalization of $29.11 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73.



O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm posted $4.28 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts expect that O’Reilly Automotive will post 17.54 earnings per share for the current fiscal year.

In other O’Reilly Automotive news, Director John Raymond Murphy sold 122 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total value of $47,082.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeffrey Alan Lauro acquired 150 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $368.33 per share, for a total transaction of $55,249.50. Following the completion of the purchase, the senior vice president now owns 422 shares of the company’s stock, valued at approximately $155,435.26. The disclosure for this purchase can be found here. Insiders sold a total of 1,773 shares of company stock worth $669,481 over the last 90 days. Insiders own 2.52% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC boosted its stake in shares of O’Reilly Automotive by 80.5% during the second quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 33 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its stake in shares of O’Reilly Automotive by 65.4% during the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $46,000. Thor Advisors LLC bought a new position in shares of O’Reilly Automotive during the first quarter valued at approximately $48,000. Finally, Ashburton Jersey Ltd bought a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $57,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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