O’Reilly Automotive (NASDAQ:ORLY) Given New $745.00 Price Target at The Goldman Sachs Group

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its price target increased by The Goldman Sachs Group from $667.00 to $745.00 in a report published on Tuesday morning, MarketBeat reports. The Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

ORLY has been the subject of several other research reports. Citigroup increased their price objective on O’Reilly Automotive from $662.00 to $720.00 in a report on Thursday, July 28th. Truist Financial cut their price target on O’Reilly Automotive from $788.00 to $770.00 and set a buy rating for the company in a report on Monday, July 25th. Morgan Stanley cut their price target on O’Reilly Automotive from $650.00 to $635.00 and set an equal weight rating for the company in a report on Thursday, July 28th. Stephens raised their price target on O’Reilly Automotive from $765.00 to $800.00 and gave the company an overweight rating in a report on Monday, August 1st. Finally, MKM Partners raised their price target on O’Reilly Automotive from $700.00 to $770.00 and gave the company a buy rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $749.23.

O’Reilly Automotive Trading Up 0.3 %

NASDAQ ORLY opened at $709.01 on Tuesday. The company has a market cap of $46.60 billion, a PE ratio of 22.39, a PEG ratio of 1.79 and a beta of 1.00. O’Reilly Automotive has a 12 month low of $562.90 and a 12 month high of $748.68. The stock has a 50 day moving average of $650.33 and a 200-day moving average of $659.61.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.33 EPS. As a group, sell-side analysts predict that O’Reilly Automotive will post 31.56 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 1,649 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $710.58, for a total value of $1,171,746.42. Following the transaction, the chairman now owns 8,214 shares in the company, valued at $5,836,704.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman David E. Oreilly sold 7,145 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $700.00, for a total value of $5,001,500.00. Following the transaction, the chairman now owns 294,582 shares in the company, valued at $206,207,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 1,649 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $710.58, for a total value of $1,171,746.42. Following the completion of the transaction, the chairman now owns 8,214 shares in the company, valued at approximately $5,836,704.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,094 shares of company stock valued at $6,384,893. 1.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ORLY. Lloyd Advisory Services LLC. bought a new position in O’Reilly Automotive in the first quarter valued at about $26,000. Riverview Trust Co bought a new position in O’Reilly Automotive in the first quarter valued at about $27,000. Castle Wealth Management LLC bought a new position in O’Reilly Automotive in the second quarter valued at about $27,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $28,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of O’Reilly Automotive during the fourth quarter worth about $30,000. Institutional investors own 82.76% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Rating)

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.

Further Reading

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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