O’Reilly Automotive, Inc. (NASDAQ:ORLY) Sees Large Growth in Short Interest

O’Reilly Automotive, Inc. (NASDAQ:ORLY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,350,000 shares, a growth of 19.5% from the August 15th total of 1,130,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 385,300 shares, the days-to-cover ratio is currently 3.5 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORLY shares. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Truist Financial raised their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America boosted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. DA Davidson increased their target price on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada lowered their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.06.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares in the company, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several large investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its holdings in shares of O’Reilly Automotive by 1.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after acquiring an additional 10 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after buying an additional 10 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after buying an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in shares of O’Reilly Automotive by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock valued at $372,000 after buying an additional 10 shares in the last quarter. Finally, L.M. Kohn & Company lifted its holdings in shares of O’Reilly Automotive by 1.9% during the 4th quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock worth $561,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Trading Down 0.2 %

Shares of O’Reilly Automotive stock traded down $2.80 on Tuesday, reaching $1,127.92. The stock had a trading volume of 284,956 shares, compared to its average volume of 384,127. The business’s 50 day moving average is $1,106.13 and its two-hundred day moving average is $1,071.50. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company has a market cap of $65.43 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.22 earnings per share. On average, equities analysts anticipate that O’Reilly Automotive will post 41.13 EPS for the current fiscal year.

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.