O’Reilly Automotive (NASDAQ:ORLY) Sets New 52-Week High – Here’s What Happened

O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $1,242.12 and last traded at $1,241.89, with a volume of 115603 shares. The stock had previously closed at $1,228.52.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORLY shares. JPMorgan Chase & Co. boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. DA Davidson reissued a “buy” rating and set a $1,275.00 price target on shares of O’Reilly Automotive in a research report on Thursday, October 24th. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Barclays upped their target price on shares of O’Reilly Automotive from $986.00 to $1,088.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, UBS Group decreased their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Stock Up 0.7 %

The stock has a fifty day moving average of $1,163.19 and a 200-day moving average of $1,089.75. The stock has a market capitalization of $71.74 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.47 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. O’Reilly Automotive’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $10.72 earnings per share. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post 40.81 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares in the company, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock worth $18,280,698 in the last three months. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently made changes to their positions in ORLY. Concurrent Investment Advisors LLC raised its stake in shares of O’Reilly Automotive by 49.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 667 shares of the specialty retailer’s stock worth $753,000 after buying an additional 222 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth $464,000. Avantax Advisory Services Inc. raised its stake in shares of O’Reilly Automotive by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the specialty retailer’s stock worth $1,562,000 after buying an additional 80 shares during the last quarter. ProShare Advisors LLC raised its stake in O’Reilly Automotive by 20.7% in the 1st quarter. ProShare Advisors LLC now owns 65,241 shares of the specialty retailer’s stock valued at $73,649,000 after purchasing an additional 11,199 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in O’Reilly Automotive by 2.5% in the 1st quarter. Bleakley Financial Group LLC now owns 1,150 shares of the specialty retailer’s stock valued at $1,298,000 after buying an additional 28 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.