O’Reilly Automotive, Inc. (NASDAQ:ORLY) posted its earnings results on Wednesday. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20, Briefing.com reports. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. O’Reilly Automotive updated its Q3 guidance to $3.10-$3.20 EPS and its FY17 guidance to $11.77-$11.87 EPS.

Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up 7.41% during midday trading on Thursday, reaching $201.31. 3,217,037 shares of the company’s stock traded hands. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 18.35 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. The stock has a 50 day moving average of $206.22 and a 200-day moving average of $248.10.

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A number of analysts have issued reports on the stock. Barclays PLC set a $234.00 price objective on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Thursday, April 27th. UBS AG cut shares of O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reduced their price objective on shares of O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $249.61.

O’Reilly Automotive declared that its board has approved a stock buyback plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,640 shares of company stock worth $6,639,552. Insiders own 3.12% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ORLY. Vanguard Group Inc. boosted its position in shares of O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock worth $1,628,852,000 after buying an additional 21,454 shares in the last quarter. BlackRock Inc. boosted its position in shares of O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock worth $1,536,105,000 after buying an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock worth $505,202,000 after buying an additional 26,678 shares in the last quarter. American Century Companies Inc. boosted its position in shares of O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock worth $457,502,000 after buying an additional 8,988 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock worth $417,454,000 after buying an additional 9,846 shares in the last quarter. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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