O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at Northcoast Research reduced their Q3 2017 earnings estimates for shares of O’Reilly Automotive in a note issued to investors on Monday. Northcoast Research analyst N. Mitchell now expects that the specialty retailer will post earnings per share of $3.13 for the quarter, down from their previous forecast of $3.20. Northcoast Research currently has a “Buy” rating and a $230.00 target price on the stock. Northcoast Research also issued estimates for O’Reilly Automotive’s FY2018 earnings at $12.95 EPS.

Other research analysts also recently issued research reports about the company. UBS AG reaffirmed a “buy” rating and set a $255.00 price target (down previously from $320.00) on shares of O’Reilly Automotive in a research note on Friday, July 7th. Jefferies Group LLC cut their price target on O’Reilly Automotive from $302.00 to $248.00 and set a “buy” rating for the company in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, September 5th. Finally, Morgan Stanley downgraded O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $200.00 to $195.00 in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $242.74.

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Shares of O’Reilly Automotive (ORLY) opened at 205.65 on Tuesday. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $286.57. The stock has a 50 day moving average of $208.21 and a 200-day moving average of $219.16. The firm has a market capitalization of $18.10 billion, a PE ratio of 18.01 and a beta of 0.78.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.20. The business 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 12.23% and a return on equity of 72.22%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 earnings per share.

O’Reilly Automotive declared that its board has approved a stock buyback plan on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following the sale, the senior vice president now owns 9,232 shares of the company’s stock, valued at approximately $1,887,390.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock valued at $3,684,364 in the last quarter. Company insiders own 3.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its holdings in O’Reilly Automotive by 1.0% in the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 5 shares during the period. Cypress Wealth Advisors LLC boosted its holdings in O’Reilly Automotive by 1.3% in the 1st quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock worth $225,000 after acquiring an additional 11 shares during the period. Miles Capital Inc. boosted its holdings in O’Reilly Automotive by 2.5% in the 1st quarter. Miles Capital Inc. now owns 1,088 shares of the specialty retailer’s stock worth $294,000 after acquiring an additional 27 shares during the period. HL Financial Services LLC boosted its holdings in O’Reilly Automotive by 1.4% in the 2nd quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock worth $439,000 after acquiring an additional 27 shares during the period. Finally, First Personal Financial Services boosted its holdings in O’Reilly Automotive by 3.8% in the 2nd quarter. First Personal Financial Services now owns 1,049 shares of the specialty retailer’s stock worth $230,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 96.66% of the company’s stock.

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

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