O’Reilly Automotive (NASDAQ:ORLY) Posts Earnings Results, Beats Estimates By $0.02 EPS

O’Reilly Automotive (NASDAQ:ORLY) issued its quarterly earnings results on Thursday. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02, Briefing.com reports. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.28 EPS.

O’Reilly Automotive Stock Down 1.0 %

ORLY traded down $10.20 during trading on Friday, hitting $1,043.93. The company had a trading volume of 335,739 shares, compared to its average volume of 330,021. The company has a market capitalization of $61.62 billion, a PE ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11. The firm’s 50-day moving average price is $1,097.20 and its 200 day moving average price is $1,015.51.

Analyst Ratings Changes

ORLY has been the subject of several research analyst reports. Mizuho started coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Wells Fargo & Company decreased their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday. Evercore ISI dropped their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, The Goldman Sachs Group increased their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,106.31.

Insiders Place Their Bets

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,968 shares of company stock worth $27,269,333. Corporate insiders own 1.55% of the company’s stock.

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.