O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Research analysts at Gabelli increased their FY2018 earnings per share estimates for shares of O’Reilly Automotive in a research report issued to clients and investors on Friday. Gabelli analyst C. Jolly now expects that the specialty retailer will post earnings of $13.35 per share for the year, up from their previous forecast of $13.30. Gabelli also issued estimates for O’Reilly Automotive’s FY2019 earnings at $15.15 EPS, FY2020 earnings at $17.20 EPS and FY2021 earnings at $19.55 EPS.

ORLY has been the topic of several other reports. Wedbush reaffirmed a “neutral” rating on shares of O’Reilly Automotive in a report on Thursday, July 6th. Credit Suisse Group set a $193.00 target price on O’Reilly Automotive and gave the stock a “hold” rating in a report on Thursday. Oppenheimer Holdings Inc. set a $220.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, July 27th. UBS AG reaffirmed a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Finally, Royal Bank Of Canada cut their target price on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating on the stock in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive presently has an average rating of “Hold” and an average price target of $243.48.

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O’Reilly Automotive (NASDAQ:ORLY) traded down 1.652% during midday trading on Monday, reaching $213.455. The company had a trading volume of 139,402 shares. The stock has a 50-day moving average price of $208.93 and a 200 day moving average price of $218.38. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $286.57. The company has a market capitalization of $18.79 billion, a PE ratio of 18.698 and a beta of 0.78.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.07. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.90 earnings per share.

O’Reilly Automotive announced that its Board of Directors has initiated a share repurchase plan on Friday, September 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $197.19, for a total value of $205,077.60. Following the transaction, the senior vice president now owns 9,238 shares in the company, valued at $1,821,641.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $200.87, for a total value of $1,004,350.00. Following the completion of the transaction, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock worth $3,684,364 in the last 90 days. Company insiders own 3.12% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its holdings in O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after acquiring an additional 5 shares during the period. Cypress Wealth Advisors LLC raised its holdings in O’Reilly Automotive by 1.3% during the 1st quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after acquiring an additional 11 shares during the period. HL Financial Services LLC raised its holdings in O’Reilly Automotive by 1.4% during the 2nd quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock valued at $439,000 after acquiring an additional 27 shares during the period. First Personal Financial Services raised its holdings in O’Reilly Automotive by 3.8% during the 2nd quarter. First Personal Financial Services now owns 1,049 shares of the specialty retailer’s stock valued at $230,000 after acquiring an additional 38 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in O’Reilly Automotive by 1.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock valued at $668,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

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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