O’Reilly Automotive (NASDAQ:ORLY) Stock Price Down 4.8% – Here’s Why

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) fell 4.8% on Tuesday . The stock traded as low as $93.99 and last traded at $93.3790. 2,978,170 shares were traded during mid-day trading, a decline of 45% from the average session volume of 5,372,210 shares. The stock had previously closed at $98.11.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ORLY shares. Baird R W upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. Argus began coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price target for the company. TD Cowen raised their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average price target of $112.05.

O’Reilly Automotive Price Performance

The firm has a market capitalization of $79.31 billion, a PE ratio of 32.55, a P/E/G ratio of 2.21 and a beta of 0.62. The company’s fifty day simple moving average is $98.84 and its 200 day simple moving average is $98.08.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the sale, the senior vice president directly owned 4,792 shares in the company, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,980 shares of company stock worth $882,335 over the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SouthState Corp bought a new stake in O’Reilly Automotive during the 1st quarter worth approximately $73,000. Resona Asset Management Co. Ltd. boosted its holdings in O’Reilly Automotive by 6.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 22,364 shares of the specialty retailer’s stock valued at $31,967,000 after purchasing an additional 1,380 shares during the period. Klingman & Associates LLC grew its position in shares of O’Reilly Automotive by 1.3% during the 1st quarter. Klingman & Associates LLC now owns 761 shares of the specialty retailer’s stock valued at $1,090,000 after purchasing an additional 10 shares in the last quarter. National Pension Service increased its holdings in shares of O’Reilly Automotive by 5.3% in the first quarter. National Pension Service now owns 133,963 shares of the specialty retailer’s stock worth $191,913,000 after purchasing an additional 6,797 shares during the period. Finally, E Fund Management Co. Ltd. raised its position in shares of O’Reilly Automotive by 104.5% in the first quarter. E Fund Management Co. Ltd. now owns 1,695 shares of the specialty retailer’s stock worth $2,428,000 after buying an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 85.00% 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.