O’Reilly Automotive Inc (ORLY) Director Sells $563,880.00 in Stock

O’Reilly Automotive Inc (NASDAQ:ORLY) Director Jay D. Burchfield sold 1,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $375.92, for a total transaction of $563,880.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of ORLY stock traded up $5.63 during trading hours on Thursday, reaching $383.05. 622,377 shares of the company’s stock were exchanged, compared to its average volume of 786,490. The company has a market cap of $30.11 billion, a PE ratio of 23.79, a PEG ratio of 1.29 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.09 and a debt-to-equity ratio of 9.66. O’Reilly Automotive Inc has a fifty-two week low of $217.64 and a fifty-two week high of $383.68.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.90 earnings per share. On average, equities analysts forecast that O’Reilly Automotive Inc will post 17.75 earnings per share for the current year.

O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

ORLY has been the subject of a number of recent research reports. BidaskClub raised shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Oppenheimer reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Thursday, December 20th. Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research note on Thursday, December 20th. Raymond James set a $408.00 price objective on shares of O’Reilly Automotive and gave the stock a “strong-buy” rating in a research note on Friday, December 14th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $345.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $357.50.

Hedge funds have recently modified their holdings of the company. Virtus ETF Advisers LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $25,000. Berman Capital Advisors LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $31,000. CNB Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $35,000. Capital Investment Advisory Services LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $39,000. Finally, Clean Yield Group acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $40,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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About O’Reilly Automotive

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

Further Reading: Straddles

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

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