O'Reilly Automotive, Inc. (NASDAQ:ORLY) Short Interest Update

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 935,900 shares, a decrease of 19.3% from the October 15th total of 1,160,000 shares. Based on an average trading volume of 324,100 shares, the short-interest ratio is currently 2.9 days. Currently, 1.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORLY shares. Morgan Stanley increased their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Truist Financial upped their price target on O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research note on Friday, October 25th. TD Cowen lifted their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Roth Capital raised shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and a consensus target price of $1,242.13.

Insider Buying and Selling

In other news, Director Lawrence P. Oreilly sold 13,765 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the sale, the director now directly owns 141,589 shares of the company's stock, valued at $158,511,717.28. This represents a 8.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 16,322 shares of company stock worth $18,280,698 in the last three months. Insiders own 1.55% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of O'Reilly Automotive by 99,957.0% in the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer's stock valued at $984,027,000 after buying an additional 853,633 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in O'Reilly Automotive by 10,626.8% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer's stock valued at $5,393,000 after acquiring an additional 482,670 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in O'Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer's stock valued at $1,180,259,000 after acquiring an additional 376,167 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of O'Reilly Automotive by 28.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,612 shares of the specialty retailer's stock valued at $692,816,000 after acquiring an additional 133,139 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of O'Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer's stock worth $96,078,000 after purchasing an additional 80,978 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

O'Reilly Automotive Trading Down 0.9 %

Shares of NASDAQ ORLY traded down $10.78 during midday trading on Friday, reaching $1,213.62. The company's stock had a trading volume of 170,928 shares, compared to its average volume of 374,107. O'Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.30. The stock has a 50 day simple moving average of $1,168.95 and a 200-day simple moving average of $1,093.06. The stock has a market capitalization of $70.06 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.51 and a beta of 0.92.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $10.72 earnings per share. As a group, equities analysts anticipate that O'Reilly Automotive will post 40.85 EPS for the current year.

About O'Reilly Automotive

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.