O’Reilly Automotive (NASDAQ:ORLY) Shares Gap Down After Analyst Downgrade

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) gapped down before the market opened on Thursday after Wells Fargo & Company lowered their price target on the stock from $1,300.00 to $1,200.00. The stock had previously closed at $1,092.70, but opened at $1,020.00. Wells Fargo & Company currently has an overweight rating on the stock. O’Reilly Automotive shares last traded at $1,022.58, with a volume of 213,046 shares trading hands.

Several other brokerages also recently weighed in on ORLY. The Goldman Sachs Group increased their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Evercore ISI cut their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Truist Financial boosted their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. UBS Group boosted their target price on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Barclays boosted their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,108.94.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 6,444 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now owns 205,095 shares of the company’s stock, valued at $217,933,947. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the transaction, the senior vice president now directly owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of hedge funds have recently made changes to their positions in ORLY. Steward Financial Group LLC grew its position in shares of O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO grew its position in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 3.5 %

The business has a 50-day moving average price of $1,097.34 and a 200-day moving average price of $1,014.62. The firm has a market capitalization of $62.23 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $8.28 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 42.1 earnings per share for the current year.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.