O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Analysts at Oppenheimer Holdings cut their Q2 2017 earnings estimates for shares of O’Reilly Automotive in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings of $2.87 per share for the quarter, down from their previous forecast of $3.12. Oppenheimer Holdings has a “Outperform” rating and a $220.00 price target on the stock.

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

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Other equities research analysts have also issued reports about the company. Credit Suisse Group reiterated a “buy” rating and issued a $262.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $302.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Stephens set a $315.00 price objective on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research note on Friday, July 7th. Finally, Northcoast Research upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price objective on the stock in a research note on Tuesday, July 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive currently has an average rating of “Hold” and an average target price of $253.70.

Shares of O’Reilly Automotive (NASDAQ ORLY) opened at 188.19 on Monday. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $292.84. The firm’s 50-day moving average price is $212.51 and its 200 day moving average price is $250.86. The company has a market cap of $17.13 billion, a P/E ratio of 17.15 and a beta of 0.76.

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Rational Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter valued at about $688,000. Glenview Trust Co increased its position in O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock valued at $2,246,000 after buying an additional 5,536 shares in the last quarter. Highbridge Capital Management LLC increased its position in O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock valued at $14,756,000 after buying an additional 3,503 shares in the last quarter. First Trust Advisors LP increased its position in O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock valued at $13,059,000 after buying an additional 4,292 shares in the last quarter. Finally, Brant Point Investment Management LLC increased its position in O’Reilly Automotive by 18.5% in the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock valued at $7,686,000 after buying an additional 4,450 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,640 shares of company stock worth $6,639,552. 3.12% of the stock is owned by corporate insiders.

O’Reilly Automotive declared that its board has authorized a share buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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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