O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Brad W. Beckham Sells 6,032 Shares

O’Reilly Automotive, Inc. (NASDAQ:ORLY) CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

O’Reilly Automotive Stock Performance

NASDAQ ORLY traded up $4.62 on Tuesday, reaching $1,020.71. The stock had a trading volume of 396,723 shares, compared to its average volume of 377,339. The stock has a market cap of $60.25 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The business’s 50-day moving average price is $1,092.98 and its 200 day moving average price is $1,020.59. O’Reilly Automotive, Inc. has a 12-month low of $860.10 and a 12-month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. 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 during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. O’Reilly Automotive’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that O’Reilly Automotive, Inc. will post 41.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the 4th quarter worth about $671,384,000. International Assets Investment Management LLC boosted its position in O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after acquiring an additional 652,924 shares during the last quarter. Wellington Management Group LLP grew its stake in O’Reilly Automotive by 656.2% in the 4th quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after acquiring an additional 397,108 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in O’Reilly Automotive in the 3rd quarter worth approximately $198,365,000. Finally, Bank of New York Mellon Corp raised its holdings in O’Reilly Automotive by 15.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after acquiring an additional 183,296 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research reports. 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 research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday, April 25th. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday, April 26th. UBS Group increased their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,110.07.

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.