O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Northcoast Research decreased their Q4 2017 EPS estimates for shares of O’Reilly Automotive in a research note issued on Friday. Northcoast Research analyst N. Mitchell now forecasts that the specialty retailer will post earnings per share of $2.73 for the quarter, down from their prior forecast of $2.83. Northcoast Research currently has a “Buy” rating and a $230.00 price target on the stock. Northcoast Research also issued estimates for O’Reilly Automotive’s Q3 2018 earnings at $3.58 EPS and Q4 2018 earnings at $3.07 EPS.

ORLY has been the topic of a number of other reports. UBS AG reissued a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Barclays PLC set a $234.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Robert W. Baird reissued a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Finally, Credit Suisse Group set a $193.00 price objective on shares of O’Reilly Automotive and gave the company a “hold” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $243.48.

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O’Reilly Automotive (ORLY) traded down 1.896% during trading on Monday, hitting $206.951. The stock had a trading volume of 363,555 shares. The firm has a market cap of $18.22 billion, a PE ratio of 18.128 and a beta of 0.78. The company’s 50 day moving average is $209.74 and its 200 day moving average is $217.54. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $2.90 EPS.

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of O’Reilly Automotive by 66.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock worth $683,226,000 after purchasing an additional 1,251,237 shares during the period. Waddell & Reed Financial Inc. boosted its position in shares of O’Reilly Automotive by 188.5% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock worth $379,021,000 after purchasing an additional 917,800 shares during the period. Polen Capital Management LLC boosted its position in shares of O’Reilly Automotive by 35.7% during the 2nd quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock worth $451,795,000 after purchasing an additional 543,664 shares during the period. Vontobel Asset Management Inc. purchased a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $119,025,000. Finally, BlackRock Inc. boosted its position in shares of O’Reilly Automotive by 9.1% during the 2nd quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock worth $1,359,092,000 after purchasing an additional 520,626 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now directly owns 72,562 shares of the company’s stock, valued at approximately $14,575,528.94. The disclosure for this sale can be found here. In the last three months, insiders sold 17,080 shares of company stock valued at $3,471,747. Corporate insiders own 3.12% of the company’s stock.

O’Reilly Automotive declared that its board has authorized a share buyback program on Friday, September 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

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