O’Reilly Automotive (NASDAQ:ORLY) Shares Gap Down on Analyst Downgrade

O’Reilly Automotive, Inc. (NASDAQ:ORLY) shares gapped down prior to trading on Thursday after Evercore ISI lowered their price target on the stock from $1,220.00 to $1,200.00. The stock had previously closed at $1,092.70, but opened at $1,020.00. Evercore ISI currently has an outperform rating on the stock. O’Reilly Automotive shares last traded at $1,022.58, with a volume of 213,046 shares traded.

Several other research firms have also commented on ORLY. Barclays increased their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, The Goldman Sachs Group increased their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,106.31.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the sale, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock worth $27,269,333 over the last quarter. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Financial Group LLC lifted its stake in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the period. Carmel Capital Partners LLC grew its holdings in shares of O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at about $37,000. Finally, Indiana Trust & Investment Management CO grew its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 1.0 %

The stock’s 50-day simple moving average is $1,097.20 and its 200 day simple moving average is $1,015.51. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $8.28 earnings per share. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 42.1 EPS for the current fiscal year.

O’Reilly Automotive Company Profile

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.