O’Reilly Automotive Inc. (NASDAQ:ORLY) shares saw unusually-high trading volume on Tuesday . Approximately 621,260 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 680,907 shares.The stock last traded at $273.20 and had previously closed at $274.28.

ORLY has been the subject of a number of research reports. Zacks Investment Research cut O’Reilly Automotive from a “buy” rating to a “sell” rating in a research note on Monday. Vetr raised O’Reilly Automotive from a “buy” rating to a “strong-buy” rating and set a $302.16 target price on the stock in a research report on Thursday, April 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, April 6th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $300.00 target price on shares of O’Reilly Automotive in a research report on Thursday, April 28th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $310.00 target price (up previously from $300.00) on shares of O’Reilly Automotive in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $292.49.

The stock’s 50 day moving average price is $267.63 and its 200-day moving average price is $262.12. The company has a market cap of $26.35 billion and a P/E ratio of 28.16.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, April 27th. The company reported $2.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.10. During the same quarter in the prior year, the business posted $2.06 EPS. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.06 billion. The company’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that O’Reilly Automotive Inc. will post $10.72 earnings per share for the current year.

In other O’Reilly Automotive news, CFO Thomas Mcfall sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the chief financial officer now owns 15,065 shares in the company, valued at $4,067,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tony E. Bartholomew bought 1,700 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were acquired at an average price of $256.00 per share, with a total value of $435,200.00. Following the transaction, the senior vice president now directly owns 15,981 shares of the company’s stock, valued at $4,091,136. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have made changes to their positions in the stock. Jennison Associates LLC raised its position in shares of O’Reilly Automotive by 16.2% in the fourth quarter. Jennison Associates LLC now owns 3,950,943 shares of the company’s stock valued at $1,001,248,000 after buying an additional 549,743 shares during the period. Wells Fargo & Company MN raised its position in shares of O’Reilly Automotive by 23.6% in the fourth quarter. Wells Fargo & Company MN now owns 669,917 shares of the company’s stock valued at $169,771,000 after buying an additional 127,717 shares during the period. Schroder Investment Management Group raised its position in shares of O’Reilly Automotive by 5.7% in the fourth quarter. Schroder Investment Management Group now owns 461,068 shares of the company’s stock valued at $116,843,000 after buying an additional 24,874 shares during the period. Morgan Stanley raised its position in shares of O’Reilly Automotive by 106.4% in the fourth quarter. Morgan Stanley now owns 408,337 shares of the company’s stock valued at $103,481,000 after buying an additional 210,470 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of O’Reilly Automotive by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 296,178 shares of the company’s stock valued at $75,066,000 after buying an additional 8,015 shares during the period.

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.