O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives Average Rating of “Moderate Buy” from Analysts

Posted by Defense World Staff on Jun 8th, 2023

O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $945.93.

Several equities research analysts have commented on the company. Roth Mkm boosted their target price on O’Reilly Automotive from $940.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, May 12th. DA Davidson upped their price objective on O’Reilly Automotive from $975.00 to $1,050.00 in a research note on Friday, April 28th. Barclays increased their price target on O’Reilly Automotive from $815.00 to $868.00 in a research note on Monday, May 1st. Wedbush upped their price objective on O’Reilly Automotive from $820.00 to $920.00 in a report on Thursday, April 27th. Finally, Wells Fargo & Company upped their price objective on O’Reilly Automotive from $925.00 to $985.00 and gave the company an “overweight” rating in a report on Monday, April 17th.

O’Reilly Automotive Trading Down 0.3 %

O’Reilly Automotive stock opened at $883.11 on Thursday. The firm has a market capitalization of $53.76 billion, a P/E ratio of 25.52, a PEG ratio of 1.84 and a beta of 0.88. O’Reilly Automotive has a 1 year low of $580.01 and a 1 year high of $964.58. The business has a 50-day moving average of $909.17 and a 200-day moving average of $855.85.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $8.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.00 by $0.28. O’Reilly Automotive had a negative return on equity of 176.66% and a net margin of 14.90%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the previous year, the firm earned $7.17 EPS. O’Reilly Automotive’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts anticipate that O’Reilly Automotive will post 37.16 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 550 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $935.50, for a total transaction of $514,525.00. Following the sale, the director now directly owns 51,958 shares of the company’s stock, valued at approximately $48,606,709. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Lawrence P. Oreilly sold 550 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $935.50, for a total value of $514,525.00. Following the sale, the director now directly owns 51,958 shares of the company’s stock, valued at $48,606,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David E. Oreilly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $925.55, for a total value of $4,627,750.00. Following the completion of the sale, the chairman now directly owns 56,757 shares in the company, valued at $52,531,441.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,183 shares of company stock valued at $42,243,407. 1.55% of the stock is owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in O’Reilly Automotive by 694.5% during the first quarter. Envestnet Asset Management Inc. now owns 983,983 shares of the specialty retailer’s stock worth $111,012,000 after purchasing an additional 860,137 shares during the period. Norges Bank bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $568,266,000. Morgan Stanley increased its holdings in shares of O’Reilly Automotive by 113.8% during the fourth quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of O’Reilly Automotive by 99.0% during the first quarter. Bank of New York Mellon Corp now owns 1,101,758 shares of the specialty retailer’s stock valued at $935,370,000 after acquiring an additional 548,065 shares in the last quarter. Finally, Gateway Advisory LLC bought a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $536,000. 90.50% of the stock is owned by institutional investors and hedge funds.

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.