O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at Northcoast Research lifted their Q3 2017 earnings estimates for shares of O’Reilly Automotive in a research report issued on Tuesday. Northcoast Research analyst N. Mitchell now forecasts that the specialty retailer will post earnings per share of $3.29 for the quarter, up from their previous forecast of $3.28. Northcoast Research has a “Buy” rating and a $230.00 price target on the stock. Northcoast Research also issued estimates for O’Reilly Automotive’s Q4 2017 earnings at $2.84 EPS, FY2017 earnings at $11.92 EPS, Q1 2018 earnings at $2.96 EPS, Q2 2018 earnings at $3.34 EPS, Q3 2018 earnings at $3.60 EPS, Q4 2018 earnings at $3.11 EPS and FY2018 earnings at $13.01 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. O’Reilly Automotive’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 earnings per share.

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Several other research analysts have also recently commented on the company. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Stephens set a $315.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, April 28th. Atlantic Securities raised O’Reilly Automotive to an “overweight” rating and set a $307.00 price target for the company in a report on Friday, April 7th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised O’Reilly Automotive from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $262.00 to $210.00 in a report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $302.00 price target on shares of O’Reilly Automotive in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $257.34.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 186.91 on Thursday. The company’s 50 day moving average price is $214.04 and its 200-day moving average price is $251.31. The stock has a market capitalization of $17.01 billion, a PE ratio of 17.04 and a beta of 0.76. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $292.84.

O’Reilly Automotive announced that its board has initiated a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares of the company’s stock, valued at approximately $36,473,518.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the sale, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,640 shares of company stock worth $6,639,552. Corporate insiders own 3.12% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its stake in shares of O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock worth $112,000 after buying an additional 5 shares during the period. Cypress Wealth Advisors LLC raised its stake in shares of O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after buying an additional 11 shares during the period. Genesee Valley Trust Co. raised its stake in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares during the last quarter. Intellectus Partners LLC raised its stake in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares during the last quarter. Finally, BTIM Corp. raised its stake in O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

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.

Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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