O’Reilly Automotive (NASDAQ:ORLY) Shares Gap Down on Analyst Downgrade

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) gapped down before the market opened on Thursday after Evercore ISI lowered their price target on the stock from $1,220.00 to $1,200.00. The stock had previously closed at $1,092.70, but opened at $1,020.00. Evercore ISI currently has an outperform rating on the stock. O’Reilly Automotive shares last traded at $1,022.58, with a volume of 213,046 shares.

ORLY has been the topic of several other reports. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company reduced their target price on shares of 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. Barclays increased 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 research report on Thursday, January 4th. UBS Group lifted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial lowered their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,106.31.

Insiders Place Their Bets

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Financial Group LLC lifted its stake in shares of O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 17 shares during the period. Rise Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO increased its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at $41,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 1.0 %

The business has a 50-day moving average of $1,097.20 and a 200 day moving average of $1,015.51. The firm has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 139.08%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $8.28 EPS. O’Reilly Automotive’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 42.1 EPS for the current year.

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.