Insider Selling: O’Reilly Automotive, Inc. (NASDAQ:ORLY) Chairman Sells 18,264 Shares of Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,137.02 on Friday. The stock’s fifty day moving average price is $1,035.57 and its two-hundred day moving average price is $1,053.10. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The firm has a market cap of $66.96 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business posted $10.22 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 41.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ORLY shares. Royal Bank of Canada reduced their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. UBS Group reduced their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Evercore ISI reduced their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Truist Financial increased their price target on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company reduced their price target on 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,130.67.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently modified their holdings of ORLY. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. acquired a new position in O’Reilly Automotive during the 1st quarter worth about $37,000. Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after buying an additional 26 shares during the period. Riverview Trust Co acquired a new position in O’Reilly Automotive during the 1st quarter worth about $41,000. Finally, Crewe Advisors LLC acquired a new position in O’Reilly Automotive during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.