O’Reilly Automotive Inc. (NASDAQ:ORLY) – Equities researchers at Wedbush decreased their Q3 2017 earnings estimates for O’Reilly Automotive in a report released on Monday. Wedbush analyst S. Basham now expects that the firm will earn $3.33 per share for the quarter, down from their prior forecast of $3.34. Wedbush currently has a “Outperform” rating and a $310.00 target price on the stock. Wedbush also issued estimates for O’Reilly Automotive’s Q4 2017 earnings at $2.94 EPS and FY2018 earnings at $14.36 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $2.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. The business earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. O’Reilly Automotive’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.64 EPS.

Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

ORLY has been the subject of several other research reports. Susquehanna initiated coverage on shares of O’Reilly Automotive in a report on Thursday, August 25th. They issued a “positive” rating and a $343.00 target price for the company. Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Jefferies Group restated a “buy” rating and issued a $336.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 19th. Deutsche Bank AG raised their target price on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Vetr lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 target price for the company. in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $304.65.

Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up 0.91% during midday trading on Tuesday, reaching $272.48. 443,445 shares of the company’s stock were exchanged. The company has a market cap of $25.74 billion, a price-to-earnings ratio of 26.41 and a beta of 0.69. O’Reilly Automotive has a 12-month low of $225.12 and a 12-month high of $292.84. The stock’s 50 day moving average price is $270.33 and its 200 day moving average price is $273.06.

In other O’Reilly Automotive news, SVP Robert Allen Dumas sold 4,300 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $271.27, for a total transaction of $1,166,461.00. Following the completion of the sale, the senior vice president now directly owns 4,360 shares in the company, valued at approximately $1,182,737.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Raymond Murphy acquired 500 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were acquired at an average price of $263.96 per share, with a total value of $131,980.00. The disclosure for this purchase can be found here. 3.37% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ORLY. Trust Co. of Vermont acquired a new stake in shares of O’Reilly Automotive during the third quarter valued at approximately $100,000. Global X Management Co. LLC boosted its stake in shares of O’Reilly Automotive by 200.0% in the third quarter. Global X Management Co. LLC now owns 366 shares of the company’s stock valued at $103,000 after buying an additional 244 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of O’Reilly Automotive by 9.8% in the second quarter. Proficio Capital Partners LLC now owns 359 shares of the company’s stock valued at $104,000 after buying an additional 32 shares during the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of O’Reilly Automotive during the second quarter valued at approximately $106,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of O’Reilly Automotive by 318.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 460 shares of the company’s stock valued at $129,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

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 offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

5 Day Chart for NASDAQ:ORLY

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