O’Reilly Automotive (NASDAQ:ORLY) Stock Price Down 4.8% – Should You Sell?

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) dropped 4.8% during mid-day trading on Tuesday . The stock traded as low as $93.99 and last traded at $93.3790. Approximately 2,978,170 shares traded hands during trading, a decline of 45% from the average daily volume of 5,372,210 shares. The stock had previously closed at $98.11.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target for the company. Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the company an “outperform” rating in a report on Friday, October 24th. Argus assumed coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday, November 5th. Finally, Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.05.

O’Reilly Automotive Trading Down 4.1%

The business’s fifty day moving average is $99.57 and its 200 day moving average is $98.12. The firm has a market capitalization of $79.46 billion, a P/E ratio of 32.60, a P/E/G ratio of 2.33 and a beta of 0.61.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the previous year, the firm posted $11.41 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the sale, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,980 shares of company stock worth $882,335 in the last 90 days. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT bought a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $355,000. Connor Clark & Lunn Investment Management Ltd. grew its position in O’Reilly Automotive by 52.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer’s stock worth $16,105,000 after buying an additional 3,866 shares in the last quarter. Benjamin Edwards Inc. increased its stake in O’Reilly Automotive by 3.8% during the first quarter. Benjamin Edwards Inc. now owns 2,998 shares of the specialty retailer’s stock valued at $4,295,000 after acquiring an additional 110 shares during the period. Cooper Financial Group grew its holdings in shares of O’Reilly Automotive by 7.2% during the 1st quarter. Cooper Financial Group now owns 474 shares of the specialty retailer’s stock worth $679,000 after purchasing an additional 32 shares in the last quarter. Finally, SouthState Corp bought a new position in O’Reilly Automotive in the first quarter worth $73,000. 85.00% of the stock is currently owned by institutional investors.

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.