O'Reilly Automotive Inc (NASDAQ:ORLY) SVP Jeffrey Lynn Groves sold 5,000 shares of O'Reilly Automotive stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the senior vice president now directly owns 5,008 shares of the company’s stock, valued at $1,352,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jeffrey Lynn Groves also recently made the following trade(s):
- On Wednesday, November 22nd, Jeffrey Lynn Groves sold 100 shares of O'Reilly Automotive stock. The stock was sold at an average price of $219.98, for a total transaction of $21,998.00.
O'Reilly Automotive Inc (NASDAQ ORLY) traded up $2.24 on Wednesday, hitting $247.55. 1,089,994 shares of the company’s stock were exchanged, compared to its average volume of 1,047,395. The company has a market capitalization of $21,210.00, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.01 and a beta of 0.90. O'Reilly Automotive Inc has a fifty-two week low of $169.43 and a fifty-two week high of $279.23. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the business posted $2.59 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. equities research analysts expect that O'Reilly Automotive Inc will post 15.44 EPS for the current year.
O'Reilly Automotive announced that its board has initiated a share buyback plan on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia raised its stake in shares of O'Reilly Automotive by 25.4% in the third quarter. Commonwealth Bank of Australia now owns 8,385 shares of the specialty retailer’s stock valued at $1,799,000 after acquiring an additional 1,698 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of O'Reilly Automotive by 147.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,582 shares of the specialty retailer’s stock valued at $2,494,000 after acquiring an additional 6,910 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of O'Reilly Automotive in the second quarter valued at $3,667,000. The Manufacturers Life Insurance Company raised its stake in shares of O'Reilly Automotive by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after acquiring an additional 21,702 shares during the period. Finally, Alps Advisors Inc. raised its stake in shares of O'Reilly Automotive by 35.8% in the third quarter. Alps Advisors Inc. now owns 2,360 shares of the specialty retailer’s stock valued at $508,000 after acquiring an additional 622 shares during the period. 88.14% of the stock is currently owned by institutional investors.
ORLY has been the subject of several recent analyst reports. Moffett Nathanson initiated coverage on shares of O'Reilly Automotive in a report on Monday, December 4th. They issued a “buy” rating for the company. Oppenheimer set a $220.00 price objective on shares of O'Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. UBS Group reissued a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Citigroup boosted their price objective on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price objective for the company in a report on Wednesday, December 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. O'Reilly Automotive presently has a consensus rating of “Buy” and an average target price of $251.05.
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About O'Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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