O’Reilly Automotive (NASDAQ:ORLY) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,043.93 on Friday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a 50-day moving average of $1,097.20 and a 200 day moving average of $1,015.51. The firm has a market cap of $61.62 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

Analyst Ratings Changes

ORLY has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday. Mizuho initiated coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective on the stock. The Goldman Sachs Group boosted 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 research report on Friday, February 9th. Wells Fargo & Company cut their price objective on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Barclays boosted their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,106.31.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares in the company, valued at $1,000,200.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock valued at $27,269,333 over the last three months. 1.55% of the stock is owned by company insiders.

About O’Reilly Automotive

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.