Media stories about O'Reilly Automotive (NASDAQ:ORLY) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. O'Reilly Automotive earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.6612364382451 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- O'Reilly Automotive Inc (ORLY) Director Paul R. Lederer Sells 1,835 Shares (americanbankingnews.com)
- Advance Auto Parts: Analysts Expect Weak Margins in 4Q17 (finance.yahoo.com)
- O'Reilly Automotive (ORLY) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
- Analysts’ Ratings on O’Reilly Automotive Stock after 4Q17 Earnings – Market Realist (marketrealist.com)
- Zacks: Brokerages Expect O'Reilly Automotive Inc (ORLY) to Post $3.61 Earnings Per Share (americanbankingnews.com)
ORLY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research report on Wednesday, December 27th. Citigroup upped their target price on shares of O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Moffett Nathanson initiated coverage on shares of O'Reilly Automotive in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Oppenheimer set a $220.00 target price on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Stephens set a $300.00 target price on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. O'Reilly Automotive presently has an average rating of “Buy” and an average price target of $251.05.
O'Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.12. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 earnings per share. equities research analysts forecast that O'Reilly Automotive will post 15.44 EPS for the current year.
O'Reilly Automotive announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In related news, Chairman David E. Oreilly sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the sale, the chairman now directly owns 135,776 shares in the company, valued at $29,910,095.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory D. Johnson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $233.33, for a total transaction of $3,499,950.00. Following the sale, the insider now owns 18,958 shares in the company, valued at $4,423,470.14. The disclosure for this sale can be found here. Insiders have sold 155,915 shares of company stock worth $36,305,317 in the last three months. Corporate insiders own 3.12% of the company’s stock.
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About O'Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. 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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