O'Reilly Automotive Inc (NASDAQ:ORLY) saw unusually large options trading on Thursday. Stock investors acquired 5,229 call options on the stock. This is an increase of 1,010% compared to the typical daily volume of 471 call options.

A number of research firms have recently commented on ORLY. Jefferies Group reissued a “buy” rating and issued a $297.00 target price on shares of O'Reilly Automotive in a research note on Friday. Citigroup increased their target price on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird increased their target price on O'Reilly Automotive from $230.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday. Credit Suisse Group increased their target price on O'Reilly Automotive from $241.00 to $264.00 and gave the stock a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. O'Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $251.05.

O'Reilly Automotive (ORLY) opened at $249.83 on Friday. The stock has a market capitalization of $21,120.00, a price-to-earnings ratio of 19.70, a PEG ratio of 1.09 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.56. O'Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $279.23.

O'Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.12. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 earnings per share. analysts predict that O'Reilly Automotive will post 15.53 EPS for the current year.

O'Reilly Automotive declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In other news, CFO Thomas Mcfall sold 10,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total value of $15,420,300.00. Following the completion of the sale, the chairman now directly owns 135,776 shares in the company, valued at $29,910,095.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,580 shares of company stock worth $39,241,985. 3.12% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in O'Reilly Automotive by 25.4% in the third quarter. Commonwealth Bank of Australia now owns 8,385 shares of the specialty retailer’s stock valued at $1,799,000 after acquiring an additional 1,698 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in O'Reilly Automotive by 147.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,582 shares of the specialty retailer’s stock valued at $2,494,000 after acquiring an additional 6,910 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in O'Reilly Automotive by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 261,751 shares of the specialty retailer’s stock valued at $57,255,000 after acquiring an additional 21,702 shares during the period. Alps Advisors Inc. lifted its holdings in O'Reilly Automotive by 35.8% in the third quarter. Alps Advisors Inc. now owns 2,360 shares of the specialty retailer’s stock valued at $508,000 after acquiring an additional 622 shares during the period. Finally, Andra AP fonden lifted its holdings in O'Reilly Automotive by 11.2% in the third quarter. Andra AP fonden now owns 28,461 shares of the specialty retailer’s stock valued at $6,130,000 after acquiring an additional 2,861 shares during the period. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

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O'Reilly Automotive Company Profile

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.

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