O’Reilly Automotive, Inc. (NASDAQ:ORLY) SVP Scott E. Kraus sold 8,500 shares of O’Reilly Automotive stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $237.84, for a total transaction of $2,021,640.00. Following the sale, the senior vice president now directly owns 4,959 shares in the company, valued at approximately $1,179,448.56. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of O’Reilly Automotive, Inc. (NASDAQ ORLY) traded up $15.99 on Tuesday, hitting $250.39. 1,990,900 shares of the stock traded hands, compared to its average volume of 1,309,797. The stock has a market capitalization of $19,930.49, a P/E ratio of 20.36, a P/E/G ratio of 1.38 and a beta of 0.84. O’Reilly Automotive, Inc. has a 1-year low of $169.43 and a 1-year high of $286.57. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.72.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.15 by $0.07. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.90 EPS. sell-side analysts forecast that O’Reilly Automotive, Inc. will post 11.91 EPS for the current year.

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

A number of institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new stake in shares of O’Reilly Automotive in the 3rd quarter valued at about $225,000. Hartline Investment Corp raised its position in O’Reilly Automotive by 3.0% during the 3rd quarter. Hartline Investment Corp now owns 34,452 shares of the specialty retailer’s stock worth $7,420,000 after buying an additional 1,015 shares during the last quarter. Atlantic Trust LLC raised its position in O’Reilly Automotive by 200.0% during the 3rd quarter. Atlantic Trust LLC now owns 843 shares of the specialty retailer’s stock worth $182,000 after buying an additional 562 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in O’Reilly Automotive during the 3rd quarter worth approximately $551,000. Finally, Fieldpoint Private Securities LLC purchased a new position in O’Reilly Automotive during the 3rd quarter worth approximately $141,000. Institutional investors own 88.56% of the company’s stock.

Several research analysts have issued reports on the stock. Moffett Nathanson assumed coverage on shares of O’Reilly Automotive in a report on Monday. They issued a “buy” rating for the company. Oppenheimer reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. Bank of America reaffirmed a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Citigroup lifted their target price on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $220.00 target price on shares of O’Reilly Automotive in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $243.48.

COPYRIGHT VIOLATION WARNING: “O’Reilly Automotive, Inc. (ORLY) SVP Sells $2,021,640.00 in Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/oreilly-automotive-inc-orly-svp-sells-2021640-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.