O’Reilly Automotive (NASDAQ:ORLY) Price Target Cut to $1,225.00 by Analysts at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLY) had its price target dropped by stock analysts at Evercore ISI from $1,250.00 to $1,225.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price suggests a potential upside of 17.54% from the company’s previous close.

ORLY has been the subject of a number of other research reports. Mizuho assumed coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a “buy” rating and a $1,225.00 price target for the company. Truist Financial reduced their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,115.14.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded down $0.18 during trading hours on Tuesday, hitting $1,042.23. The company had a trading volume of 85,564 shares, compared to its average volume of 392,426. The company’s 50-day moving average is $1,013.78 and its two-hundred day moving average is $1,040.16. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market cap of $61.38 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.28 EPS. Sell-side analysts expect that O’Reilly Automotive will post 41.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the transaction, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently bought and sold shares of ORLY. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO increased its position in shares of 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 worth $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $43,000. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

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.