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

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 stock was 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 directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,020.34 on Thursday. The firm has a 50 day simple moving average of $1,091.76 and a two-hundred day simple moving average of $1,021.39. The stock has a market cap of $60.23 billion, a PE ratio of 25.90, a P/E/G ratio of 1.91 and a beta of 0.90. O’Reilly Automotive, Inc. has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, research analysts expect that O’Reilly Automotive, Inc. will post 41.92 EPS for the current fiscal year.

Institutional Trading of O’Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of O’Reilly Automotive by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after acquiring an additional 76,517 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in O’Reilly Automotive by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. Jennison Associates LLC boosted its position in O’Reilly Automotive by 7.6% during the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock valued at $900,186,000 after buying an additional 66,629 shares during the period. Invesco Ltd. grew its stake in shares of O’Reilly Automotive by 3.7% during the third quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer’s stock valued at $807,168,000 after buying an additional 31,487 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of O’Reilly Automotive in the fourth quarter worth about $671,384,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ORLY shares. Truist Financial decreased their target price on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday, April 26th. The Goldman Sachs Group upped 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. Wells Fargo & Company reduced their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price objective for the company. Finally, StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

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.