O’Reilly Automotive (NASDAQ:ORLY) Downgraded to Buy at StockNews.com

Posted by Defense World Staff on May 17th, 2023

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Other equities analysts have also issued reports about the company. Roth Capital restated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, February 8th. Wells Fargo & Company increased their price target on O’Reilly Automotive from $925.00 to $985.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. DA Davidson increased their price objective on O’Reilly Automotive from $975.00 to $1,050.00 in a research report on Friday, April 28th. Barclays increased their price objective on O’Reilly Automotive from $815.00 to $868.00 in a research report on Monday, May 1st. Finally, Roth Mkm increased their price objective on O’Reilly Automotive from $940.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $933.38.

O’Reilly Automotive Price Performance

ORLY opened at $937.55 on Wednesday. O’Reilly Automotive has a fifty-two week low of $562.90 and a fifty-two week high of $964.58. The firm’s fifty day moving average price is $877.28 and its two-hundred day moving average price is $846.01. The company has a market capitalization of $57.08 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.97 and a beta of 0.88.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share for the quarter, topping the consensus estimate of $8.00 by $0.28. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.58 billion. O’Reilly Automotive had a negative return on equity of 176.66% and a net margin of 14.90%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $7.17 EPS. On average, equities research analysts expect that O’Reilly Automotive will post 37.15 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, SVP Jeffrey Alan Lauro sold 500 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $834.31, for a total transaction of $417,155.00. Following the transaction, the senior vice president now owns 768 shares of the company’s stock, valued at $640,750.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $925.55, for a total value of $4,627,750.00. Following the transaction, the chairman now owns 56,757 shares of the company’s stock, valued at $52,531,441.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey Alan Lauro sold 500 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $834.31, for a total value of $417,155.00. Following the completion of the transaction, the senior vice president now directly owns 768 shares in the company, valued at approximately $640,750.08. The disclosure for this sale can be found here. Insiders have sold a total of 44,633 shares of company stock valued at $41,674,152 over the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently made changes to their positions in ORLY. Romano Brothers AND Company bought a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $27,000. Ancora Advisors LLC bought a new position in O’Reilly Automotive in the 4th quarter worth about $30,000. Venturi Wealth Management LLC bought a new position in O’Reilly Automotive in the 1st quarter worth about $31,000. HHM Wealth Advisors LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth about $33,000. Finally, Arlington Partners LLC boosted its holdings in shares of O’Reilly Automotive by 616.7% in the 1st 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. 90.50% of the stock is currently owned by institutional investors.

O’Reilly Automotive Company Profile

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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.