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

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1,144.06.

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Truist Financial boosted their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 25th. Royal Bank of Canada cut their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Wells Fargo & Company increased their price objective on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Insiders sold a total of 50,411 shares of company stock worth $56,846,062 in the last quarter. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in O’Reilly Automotive in the 1st quarter worth approximately $36,000. Indiana Trust & Investment Management CO boosted its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co bought a new stake in O’Reilly Automotive in the first quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new stake in shares of O’Reilly Automotive during the first quarter valued at approximately $43,000. Finally, LifeSteps Financial Inc. purchased a new position in shares of O’Reilly Automotive in the first quarter worth $45,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Up 0.9 %

Shares of ORLY stock opened at $1,161.99 on Wednesday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The stock has a market cap of $68.43 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.14 and a beta of 0.92. The stock has a 50-day moving average of $1,125.35 and a 200-day moving average of $1,074.63.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the business posted $10.22 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that O’Reilly Automotive will post 41.13 earnings per share for the current year.

About O’Reilly Automotive

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, Puerto Rico, and Mexico. 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.