O'Reilly Automotive Inc (ORLY) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 310

O'Reilly Automotive Inc (ORLY) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 310 from a previous price target of $280 . Wedbush advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, O'Reilly Automotive Inc reported $2.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $2.68. The company had revenue of $2176.68 million for the quarter, compared to analysts expectations of $2193.15 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 EPS.

O'Reilly Automotive Inc closed down -2.83 points or -0.97% at $287.65 with 2,86,124 shares getting traded on Monday. Post opening the session at $289.55, the shares hit an intraday low of $287.16 and an intraday high of $290.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 9, 2016, David E Oreilly (CHAIRMAN OF THE BOARD) sold 140,000 shares at $290.24 per share price. According to the SEC, on Aug 9, 2016, Lawrence P Oreilly (director) sold 6,000 shares at $290.34 per share price. On Jul 29, 2016, Jeff M Shaw (EVP OF STORE OPERATIONS/SALES) sold 10,000 shares at $290.00 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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