O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $915.62 and last traded at $914.97, with a volume of 303275 shares trading hands. The stock had previously closed at $894.20.
The specialty retailer reported $8.28 EPS for the quarter, beating analysts’ consensus estimates of $8.00 by $0.28. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.58 billion. O’Reilly Automotive had a net margin of 15.08% and a negative return on equity of 234.76%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.17 earnings per share.
Analysts Set New Price Targets
A number of research analysts have recently commented on ORLY shares. Morgan Stanley upped their price objective on shares of O’Reilly Automotive from $830.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. Truist Financial upped their target price on shares of O’Reilly Automotive from $892.00 to $921.00 and gave the company a “buy” rating in a research note on Friday, February 10th. Wedbush upped their target price on shares of O’Reilly Automotive from $820.00 to $920.00 in a research note on Thursday. StockNews.com started coverage on shares of O’Reilly Automotive in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $925.00 to $985.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $879.63.
Insiders Place Their Bets
Hedge Funds Weigh In On O’Reilly Automotive
A number of large investors have recently modified their holdings of ORLY. Riverview Trust Co lifted its position in shares of O’Reilly Automotive by 56.5% during the third quarter. Riverview Trust Co now owns 36 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Romano Brothers AND Company acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $27,000. Ancora Advisors LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $30,000. Arlington Partners LLC lifted its position in shares of O’Reilly Automotive by 616.7% during the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth approximately $38,000. 90.50% of the stock is currently owned by institutional investors and hedge funds.
O’Reilly Automotive Stock Up 2.4 %
The company’s fifty day moving average is $850.64 and its two-hundred day moving average is $827.17. The firm has a market capitalization of $56.62 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.
About O’Reilly Automotive
O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.
Read More
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