O'Reilly Automotive Inc (ORLY) Releases Earnings Results, Beats Expectations By $0.10 EPS

O'Reilly Automotive Inc (ORLY) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $2.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $2.49. The company posted revenue of $2096.20 million in the period, compared to analysts expectations of $2060.40 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS.

Many Wall Street Analysts have commented on O'Reilly Automotive Inc. Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 305 from a previous price target of $285 .Gabelli & Co Resumed O'Reilly Automotive Inc on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $334.Barclays Initiated O'Reilly Automotive Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $300.

O'Reilly Automotive Inc closed down -0.11 points or -0.04% at $269.65 with 6,46,301 shares getting traded on Friday. Post opening the session at $269.22, the shares hit an intraday low of $267.63 and an intraday high of $270.8606 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 29, 2016, Gregory L Henslee (CEO & PRESIDENT) sold 10,000 shares at $273.57 per share price. According to the SEC, on Mar 1, 2016, Jeffrey Alan Lauro (SVP OF INFORMATION SYSTEMS) purchased 100 shares at $250.00 per share price. On Feb 25, 2016, David E Oreilly (CHAIRMAN OF THE BOARD) sold 80,000 shares at $260.03 per share price, according to the Form-4 filing with the securities and exchange commission.

O’Reilly Automotive Inc. (O’Reilly) is a specialty retailer of automotive aftermarket parts tools supplies equipment and accessories in the United States. The Company’s stores carry a product line including new and remanufactured automotive hard parts maintenance items and various automotive accessories. As of December 31 2014 the Company owned and operated 4366 stores in 43 states servicing both the do-it-yourself (DIY) customers and the professional service providers. O’Reilly’s stores offer new and remanufactured automotive hard parts such as alternators starters fuel pumps water pumps brake system components batteries belts hoses temperature control chassis 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.

O'Reilly Automotive Inc

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