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

O’Reilly Automotive (NASDAQ:ORLY) announced its quarterly earnings data 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. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.28 earnings per share.

O’Reilly Automotive Trading Down 1.0 %

Shares of ORLY traded down $10.20 during trading hours on Friday, reaching $1,043.93. 335,739 shares of the stock traded hands, compared to its average volume of 330,021. 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 moving average price is $1,097.20 and its two-hundred day moving average price is $1,015.51. The company has a market cap of $61.62 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

Insider Activity at O’Reilly Automotive

In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the sale, the chairman now directly owns 216,539 shares in the company, valued at approximately $228,141,159.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORLY. Wedbush restated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. The Goldman Sachs Group raised their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Truist Financial dropped their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company dropped their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.