O'Reilly Automotive Inc (NASDAQ:ORLY) – Stock analysts at Wedbush boosted their Q4 2017 earnings per share (EPS) estimates for shares of O'Reilly Automotive in a note issued to investors on Tuesday. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn $2.87 per share for the quarter, up from their previous forecast of $2.83. Wedbush currently has a “Neutral” rating and a $250.00 target price on the stock. Wedbush also issued estimates for O'Reilly Automotive’s FY2018 earnings at $12.68 EPS and FY2019 earnings at $13.41 EPS.
O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company earned $2.90 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on ORLY. UBS Group reiterated a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O'Reilly Automotive in a research note on Thursday, October 19th. Oppenheimer set a $220.00 target price on shares of O'Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group set a $193.00 target price on shares of O'Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, October 26th. Robert W. Baird reiterated a “hold” rating and issued a $220.00 target price on shares of O'Reilly Automotive in a research note on Friday, October 27th. Finally, Citigroup increased their target price on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $249.45.
O'Reilly Automotive (ORLY) traded up $3.84 during midday trading on Thursday, hitting $257.68. 892,100 shares of the company traded hands, compared to its average volume of 1,224,733. 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 has a twelve month low of $169.43 and a twelve month high of $283.97. The company has a market capitalization of $21,583.43, a PE ratio of 21.95, a PEG ratio of 1.36 and a beta of 0.84.
In other news, SVP Scott E. Kraus sold 8,500 shares of O'Reilly Automotive stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $237.84, for a total value of $2,021,640.00. Following the completion of the transaction, the senior vice president now owns 4,959 shares in the company, valued at $1,179,448.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $211.24, for a total transaction of $219,689.60. Following the completion of the transaction, the senior vice president now owns 9,250 shares of the company’s stock, valued at approximately $1,953,970. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,945 shares of company stock valued at $33,782,766. Corporate insiders own 3.12% of the company’s stock.
Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia raised its stake in shares of O'Reilly Automotive by 25.4% in the third quarter. Commonwealth Bank of Australia now owns 8,385 shares of the specialty retailer’s stock valued at $1,799,000 after acquiring an additional 1,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of O'Reilly Automotive by 147.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,582 shares of the specialty retailer’s stock valued at $2,494,000 after acquiring an additional 6,910 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of O'Reilly Automotive in the second quarter valued at approximately $3,667,000. The Manufacturers Life Insurance Company raised its stake in shares of O'Reilly Automotive by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after acquiring an additional 21,702 shares during the last quarter. Finally, Green Valley Investors LLC raised its stake in shares of O'Reilly Automotive by 89.7% in the second quarter. Green Valley Investors LLC now owns 162,745 shares of the specialty retailer’s stock valued at $35,599,000 after acquiring an additional 76,934 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.
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O'Reilly Automotive Company Profile
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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