Jason Lee Tarrant Sells 1,992 Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stock

O’Reilly Automotive, Inc. (NASDAQ:ORLY) EVP Jason Lee Tarrant sold 1,992 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total value of $2,667,487.20. Following the transaction, the executive vice president now owns 1,398 shares of the company’s stock, valued at $1,872,061.80. This represents a 58.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $16.16 during mid-day trading on Wednesday, reaching $1,330.42. The company had a trading volume of 318,499 shares, compared to its average volume of 333,457. The firm has a market cap of $76.81 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.34 and a beta of 0.94. The business’s 50-day simple moving average is $1,256.62 and its 200 day simple moving average is $1,205.97. O’Reilly Automotive, Inc. has a one year low of $947.49 and a one year high of $1,350.27.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.73 by $0.23. O’Reilly Automotive had a net margin of 14.28% and a negative return on equity of 166.88%. On average, sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of research analyst reports. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson lifted their target price on shares of O’Reilly Automotive from $1,450.00 to $1,525.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Guggenheim upped their price target on shares of O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Morgan Stanley upgraded shares of O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,150.00 to $1,450.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,390.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $28,000. AlphaMark Advisors LLC bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth $30,000. Murphy & Mullick Capital Management Corp acquired a new stake in O’Reilly Automotive in the fourth quarter valued at about $31,000. Darwin Wealth Management LLC bought a new position in O’Reilly Automotive in the third quarter valued at about $32,000. Finally, Kestra Investment Management LLC bought a new position in O’Reilly Automotive in the fourth quarter valued at about $32,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.