Thoroughbred Financial Services LLC Sells 995 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Thoroughbred Financial Services LLC trimmed its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 49.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 999 shares of the specialty retailer’s stock after selling 995 shares during the period. Thoroughbred Financial Services LLC’s holdings in O’Reilly Automotive were worth $1,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the first quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new position in O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO grew its holdings in O’Reilly Automotive by 325.0% during 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. Riverview Trust Co bought a new position in O’Reilly Automotive during the first quarter worth about $41,000. Finally, LifeSteps Financial Inc. acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $45,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY traded up $2.30 during mid-day trading on Tuesday, reaching $1,044.71. 92,148 shares of the company’s stock were exchanged, compared to its average volume of 392,475. The firm has a market capitalization of $61.52 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11. The business’s fifty day simple moving average is $1,013.78 and its two-hundred day simple moving average is $1,040.16.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during 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%. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.28 earnings per share. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 41.86 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In related news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ORLY shares. 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. Truist Financial reduced their target price on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 25th. Mizuho began coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price target on the stock. Finally, StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,115.14.

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.