Credit Suisse Cuts Rating On O'Reilly Automotive, Inc. (ORLY)

Judith Bessette
Julho 7, 2017

The firm owned 1,123 shares of the specialty retailer's stock at the end of the first quarter. Rathbone Brothers plc acquired a new position in shares of O'Reilly Automotive during the first quarter valued at $18,160,000. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer's stock worth $1,536,105,000 after buying an additional 5,458,171 shares during the last quarter. Peak Asset Mgmt has invested 0.13% of its portfolio in O'Reilly Automotive Inc (NASDAQ:ORLY). Looking at a shorter time period, shares have been seen -33.74% away from the 50 day high and 2.40% off the 50 day low price. 64,000 are owned by Eulav Asset Management. Ltd. increased its stake in O'Reilly Automotive by 779.8% in the fourth quarter. During the same quarter previous year, the business earned $2.59 earnings per share. Quadrature Capital Ltd bought a new stake in shares of O'Reilly Automotive during the fourth quarter worth approximately $5,248,000. O'Reilly Automotive Inc (NASDAQ:ORLY) has declined 1.60% since July 6, 2016 and is downtrending.

The company has a market cap of $16.14 billion, a PE ratio of 16.16 and a beta of 0.76. O'Reilly Automotive has $343 highest and $230 lowest target. The company's 50 day moving average price is $237.55 and its 200-day moving average price is $260.49. O'Reilly Automotive also was the recipient of some unusual options trading on Wednesday. Traders purchased 112 call options on the stock. This is an increase of 367% compared to the typical volume of 24 call options. (NASDAQ:ORLY) puts the stock on today's active list. The specialty retailer reported $2.60 EPS for the quarter, missing analysts' consensus estimates of $2.88 by $0.28. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 earnings per share. Analysts forecast that O'Reilly Automotive will post $12.09 EPS for the current year.

COPYRIGHT VIOLATION WARNING: "O'Reilly Automotive, Inc". The expected ORLY's profit could reach $232.56M giving the stock 14.20 P/E in the case that $3.15 earnings per share is reported. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright and trademark laws.

ORLY has been the topic of several other reports.

Rising competition from e-commerce players such as Inc may also have been one of the factors impacting O'Reilly's same store sales, analysts said. Deutsche Bank AG restated a "hold" rating and issued a $190.00 target price (down previously from $272.00) on shares of O'Reilly Automotive in a research note on Thursday. Morgan Stanley cut shares of O'Reilly Automotive from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $200.00 to $195.00 in a research note on Thursday.

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07/06/2017 - O'Reilly Automotive, Inc. had its "strong buy" rating reiterated by analysts at Raymond James.

Equity analyst Atlantic Equities began coverage of ORLY setting a rating of "Neutral". Stock has got OUTPERFORM rating from 5 of Thomson Reuters analysts, 9 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Also, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. The disclosure for this sale can be found here.

Since February 13, 2017, it had 3 insider buys, and 17 selling transactions for $40.65 million activity.

O'Reilly Automotive, a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States.

These consumers are among the do-it-yourself (DIY) after-market auto parts industry's core customer group. 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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