O’Reilly Automotive (NASDAQ:ORLY) Announces Earnings Results

O’Reilly Automotive (NASDAQ:ORLY) posted its quarterly earnings results on Thursday. The specialty retailer reported $9.20 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $8.28 earnings per share. O’Reilly Automotive’s revenue was up 7.2% on a year-over-year basis.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,043.93 on Friday. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The company’s 50 day simple moving average is $1,097.20 and its 200-day simple moving average is $1,015.51. The firm has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.93 and a beta of 0.86.

Insider Activity

In related news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last 90 days. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday. Wells Fargo & Company lowered their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday. Barclays raised their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Royal Bank of Canada increased their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,106.31.

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.