O’Reilly Automotive (NASDAQ:ORLY) Trading Down 4.8% – Here’s What Happened

O’Reilly Automotive, Inc. (NASDAQ:ORLY) shares dropped 4.8% on Tuesday . The company traded as low as $86.80 and last traded at $87.38. Approximately 1,753,237 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 5,853,809 shares. The stock had previously closed at $91.74.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORLY. Roth Mkm reissued a “buy” rating and issued a $109.00 price objective on shares of O’Reilly Automotive in a research note on Monday, May 4th. Evercore reiterated an “outperform” rating and set a $115.00 price target on shares of O’Reilly Automotive in a report on Friday, May 1st. UBS Group increased their price target on O’Reilly Automotive from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $108.00 price objective on O’Reilly Automotive in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.25.

O’Reilly Automotive Stock Up 0.2%

The stock has a 50-day moving average of $91.88 and a 200 day moving average of $94.17. The company has a market capitalization of $73.95 billion, a PE ratio of 29.16, a P/E/G ratio of 1.96 and a beta of 0.58.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, April 29th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.35 earnings per share. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. Equities analysts forecast that O’Reilly Automotive, Inc. will post 3.24 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 2,595 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $88.67, for a total value of $230,098.65. Following the sale, the director owned 4,000 shares of the company’s stock, valued at approximately $354,680. The trade was a 39.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brad W. Beckham sold 13,635 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $95.00, for a total value of $1,295,325.00. Following the completion of the transaction, the chief executive officer owned 12,250 shares in the company, valued at approximately $1,163,750. The trade was a 52.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,530 shares of company stock valued at $9,709,404 in the last three months. Insiders own 0.77% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in O’Reilly Automotive in the 4th quarter worth about $1,134,311,000. Akre Capital Management LLC increased its stake in shares of O’Reilly Automotive by 989.3% in the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after purchasing an additional 8,546,804 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in shares of O’Reilly Automotive in the third quarter worth about $435,620,000. Wellington Management Group LLP raised its position in shares of O’Reilly Automotive by 25.1% in the fourth quarter. Wellington Management Group LLP now owns 14,755,276 shares of the specialty retailer’s stock valued at $1,345,829,000 after purchasing an additional 2,964,945 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of O’Reilly Automotive by 1,316.5% in the second quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer’s stock valued at $272,871,000 after purchasing an additional 2,814,071 shares during the period. 85.00% of the stock is currently owned by institutional investors.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do?it?yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.