O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Sells $1,082,900.00 in Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Brad W. Beckham sold 833 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total transaction of $1,082,900.00. Following the completion of the transaction, the chief executive officer now directly owns 760 shares in the company, valued at $988,000. This trade represents a 52.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,303.41 on Monday. The firm has a market cap of $75.25 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.34 and a beta of 0.94. The firm has a 50 day simple moving average of $1,253.69 and a 200 day simple moving average of $1,203.04. O’Reilly Automotive, Inc. has a fifty-two week low of $947.49 and a fifty-two week high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,416.00 to $1,453.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. BMO Capital Markets increased their target price on shares of O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Evercore ISI increased their target price on shares of O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Guggenheim increased their target price on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1,390.81.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ascent Group LLC grew its holdings in O’Reilly Automotive by 6.3% during the 4th quarter. Ascent Group LLC now owns 2,144 shares of the specialty retailer’s stock worth $2,542,000 after acquiring an additional 128 shares during the period. Forum Financial Management LP boosted its position in shares of O’Reilly Automotive by 1.5% during the fourth quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer’s stock worth $739,000 after purchasing an additional 9 shares in the last quarter. Cache Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth $18,057,000. GF Fund Management CO. LTD. bought a new position in shares of O’Reilly Automotive during the fourth quarter worth $12,974,000. Finally, Pacific Point Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter worth $1,757,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.