O'Reilly Automotive Sees Unusually Large Options Volume (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) was the target of unusually large options trading activity on Monday. Stock traders purchased 6,720 put options on the stock. This is an increase of 1,138% compared to the typical daily volume of 543 put options.

Shares of O'Reilly Automotive (NASDAQ:ORLY) opened at $249.83 on Friday. The stock has a market cap of $21,433.78, a P/E ratio of 19.72, a PEG ratio of 1.17 and a beta of 0.90. O'Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $279.23. The company has a debt-to-equity ratio of 4.72, a quick ratio of 0.10 and a current ratio of 0.93.

O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.12. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 109.35%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.59 earnings per share. sell-side analysts forecast that O'Reilly Automotive will post 14.45 EPS for the current fiscal year.

O'Reilly Automotive announced that its board has initiated a share repurchase plan on Wednesday, February 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, Chairman David E. Oreilly sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the senior vice president now directly owns 10,900 shares in the company, valued at $2,997,500. The disclosure for this sale can be found here. Insiders sold 169,580 shares of company stock worth $39,241,985 over the last three months. Corporate insiders own 3.12% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fred Alger Management Inc. increased its stake in shares of O'Reilly Automotive by 116,884.6% in the second quarter. Fred Alger Management Inc. now owns 15,208 shares of the specialty retailer’s stock worth $3,327,000 after buying an additional 15,195 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of O'Reilly Automotive by 6.7% in the second quarter. Macquarie Group Ltd. now owns 37,300 shares of the specialty retailer’s stock worth $8,160,000 after buying an additional 2,350 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of O'Reilly Automotive by 60.1% in the second quarter. Janus Henderson Group PLC now owns 233,089 shares of the specialty retailer’s stock worth $50,986,000 after buying an additional 87,505 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of O'Reilly Automotive in the second quarter worth $3,667,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of O'Reilly Automotive in the second quarter worth $656,000. Institutional investors own 88.21% of the company’s stock.

Several research firms recently issued reports on ORLY. Robert W. Baird raised their target price on shares of O'Reilly Automotive from $230.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday. Jefferies Group reaffirmed a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a research report on Friday. Citigroup lifted their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group lifted their price target on shares of 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. Finally, Stephens set a $300.00 price target on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $251.05.

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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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