O’Reilly Automotive Inc Is a Sell; Strong Momentum from Option Traders

 O'Reilly Automotive Inc Is a Sell; Strong Momentum from Option Traders

In today’s session O’Reilly Automotive Inc (ORLY) recorded an unusually high (503) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ORLY decrease. With 503 contracts traded and 7684 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ORLY161118P00260000 closed last at: $4 or 17.6% up. About 54,292 shares traded hands. O’Reilly Automotive Inc (NASDAQ:ORLY) has risen 3.03% since March 10, 2016 and is uptrending. It has underperformed by 4.49% the S&P500.

Analysts await O’Reilly Automotive Inc (NASDAQ:ORLY) to report earnings on October, 26. They expect $2.92 EPS, up 10.61% or $0.28 from last year’s $2.64 per share. ORLY’s profit will be $278.89M for 23.54 P/E if the $2.92 EPS becomes a reality. After $2.65 actual EPS reported by O’Reilly Automotive Inc for the previous quarter, Wall Street now forecasts 10.19% EPS growth.

O’Reilly Automotive Inc (NASDAQ:ORLY) Ratings Coverage

Out of 15 analysts covering O’Reilly Automotive (NASDAQ:ORLY), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. O’Reilly Automotive has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, April 29 by RBC Capital Markets. The stock of O’Reilly Automotive Inc (NASDAQ:ORLY) earned “Buy” rating by Sterne Agee CRT on Monday, January 25. The firm has “Hold” rating by Deutsche Bank given on Friday, July 31. The rating was upgraded by Cleveland to “Buy” on Thursday, April 14. The company was upgraded on Tuesday, April 12 by Wolfe Research. The rating was downgraded by Zacks to “Buy” on Friday, August 21. The company was maintained on Friday, April 29 by Citigroup. Susquehanna initiated the shares of ORLY in a report on Friday, August 26 with “Positive” rating. The firm has “Buy” rating by Jefferies given on Tuesday, September 15. The rating was initiated by Gabelli with “Buy” on Friday, April 15.

According to Zacks Investment Research, “O’Reilly Automotive, Inc. is a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment and accessories to both do-it-yourself customers and professional mechanics or service technicians. O’Reilly stores carry an extensive product line consisting of new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, and brake shoes and pads, maintenance items, such as oil, antifreeze, fluids, engine additives and appearance products, accessories, such as floor mats and seat covers.”

Insitutional Activity: The institutional sentiment decreased to 0.76 in Q2 2016. Its down 0.11, from 0.87 in 2016Q1. The ratio is negative, as 52 funds sold all O’Reilly Automotive Inc shares owned while 276 reduced positions. 52 funds bought stakes while 196 increased positions. They now own 82.23 million shares or 8.48% less from 89.85 million shares in 2016Q1.
Intrust National Bank & Trust Na, a Kansas-based fund reported 1,650 shares. Geode Cap Lc, a Massachusetts-based fund reported 888,064 shares. Wall Street Assoc last reported 0.28% of its portfolio in the stock. Williams Jones And Limited Co, a New York-based fund reported 800 shares. Washington Trust Natl Bank, a Washington-based fund reported 24 shares. Tudor Investment Corporation Et Al owns 1,100 shares or 0.01% of their US portfolio. Legacy has invested 1.43% of its portfolio in O’Reilly Automotive Inc (NASDAQ:ORLY). Papp L Roy reported 51,778 shares or 3.31% of all its holdings. Eagle Asset Management Inc reported 90,221 shares or 0.17% of all its holdings. Pub Employees Retirement Association Of Colorado owns 20,741 shares or 0.05% of their US portfolio. Caisse De Depot Et Placement Du Quebec accumulated 42,957 shares or 0.03% of the stock. Ing Groep Nv last reported 2,382 shares in the company. Cleararc Capital holds 2,362 shares or 0.12% of its portfolio. Riverhead Capital Mngmt Limited Liability Corp accumulated 129,545 shares or 1.07% of the stock. De Burlo Gru owns 11,600 shares or 0.76% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 4 buys, and 11 sales for $52.30 million net activity. The insider WOOTEN ROSALIE OREILLY sold 10,000 shares worth $2.90 million. Another trade for 367 shares valued at $97,360 was made by RASHKOW RONALD on Friday, May 27. $1.14 million worth of O’Reilly Automotive Inc (NASDAQ:ORLY) shares were sold by BECKHAM BRAD W. SHAW JEFF M sold $2.90M worth of O’Reilly Automotive Inc (NASDAQ:ORLY) on Thursday, July 28. BARTHOLOMEW TONY E bought $435,200 worth of O’Reilly Automotive Inc (NASDAQ:ORLY) on Monday, May 23. 6,000 shares with value of $1.74M were sold by OREILLY LAWRENCE P on Friday, August 5. JOHNSON GREGORY D sold $256,464 worth of stock or 1,000 shares.

O’Reilly Automotive, Inc. is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The company has a market cap of $26.26 billion. The Firm offers its products to both do-it-yourself and professional service well-known provider customers. It has a 27.3 P/E ratio. The Company’s stores’ 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 and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

ORLY Company Profile

O’Reilly Automotive, Inc., incorporated on December 20, 2010, is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Firm offers its products to both do-it-yourself (DIY) and professional service well-known provider customers. The Firm operates approximately 4,570 stores in over 40 states. The Company’s stores’ 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. The Firm operates approximately 30 distribution centers and over 300 Hub stores.

More news for O’Reilly Automotive Inc (NASDAQ:ORLY) were recently published by: Forbes.com, which released: “Electronic Arts Becomes #13 Most Shorted Nasdaq 100 Component, Replacing O …” on October 13, 2016. Forbes.com‘s article titled: “O’Reilly Automotive is Now Oversold (ORLY)” and published on September 16, 2016 is yet another important article.

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