O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities research analysts at William Blair boosted their Q2 2018 EPS estimates for O'Reilly Automotive in a report issued on Wednesday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings of $4.00 per share for the quarter, up from their previous forecast of $3.35. William Blair also issued estimates for O'Reilly Automotive’s Q3 2018 earnings at $4.15 EPS, Q4 2018 earnings at $3.69 EPS and FY2018 earnings at $15.45 EPS.
ORLY has been the subject of several other research reports. Citigroup boosted their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Stephens set a $300.00 price target on O'Reilly Automotive and gave the stock a “buy” rating in a report on Wednesday, January 17th. Credit Suisse Group upped their target price on O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research report on Thursday. They noted that the move was a valuation call. BidaskClub raised O'Reilly Automotive from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Jefferies Group reissued a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $251.05.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The business’s revenue was up 4.4% on a year-over-year basis.
Several institutional investors and hedge funds have recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new position in shares of O'Reilly Automotive during the 3rd quarter valued at about $100,000. Amica Retiree Medical Trust acquired a new position in shares of O'Reilly Automotive during the 3rd quarter valued at about $107,000. NuWave Investment Management LLC acquired a new position in shares of O'Reilly Automotive during the 4th quarter valued at about $122,000. Tower Research Capital LLC TRC increased its holdings in shares of O'Reilly Automotive by 58.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after acquiring an additional 240 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of O'Reilly Automotive during the 3rd quarter valued at about $141,000. 88.21% of the stock is owned by institutional investors.
In other news, CFO Thomas Mcfall sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total value of $15,420,300.00. Following the sale, the chairman now directly owns 135,776 shares of the company’s stock, valued at $29,910,095.04. The disclosure for this sale can be found here. Insiders have sold a total of 168,680 shares of company stock valued at $39,048,242 over the last ninety days. Company insiders own 3.12% of the company’s stock.
O'Reilly Automotive declared that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
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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.
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