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

Posted by on Jun 23rd, 2022

O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $719.58.

Several equities analysts recently commented on the stock. Bank of America upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target on the stock in a research note on Tuesday, May 10th. Citigroup cut their price objective on shares of O’Reilly Automotive from $720.00 to $662.00 in a research report on Friday, May 13th. StockNews.com started coverage on shares of O’Reilly Automotive in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company cut their price objective on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. Finally, Truist Financial cut their price objective on shares of O’Reilly Automotive from $837.00 to $788.00 in a research report on Friday, April 29th.

In other news, SVP Jeffrey Lynn Groves bought 175 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average price of $572.77 per share, with a total value of $100,234.75. Following the transaction, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeremy Adam Fletcher bought 835 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were purchased at an average cost of $600.00 per share, with a total value of $501,000.00. Following the transaction, the chief financial officer now directly owns 1,897 shares in the company, valued at approximately $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in ORLY. Norges Bank acquired a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $449,778,000. Jennison Associates LLC grew its position in shares of O’Reilly Automotive by 491.7% during the 1st quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after buying an additional 422,371 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of O’Reilly Automotive by 128.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares in the last quarter. Carmignac Gestion bought a new position in shares of O’Reilly Automotive in the 1st quarter worth $194,291,000. Finally, Invesco Ltd. lifted its holdings in shares of O’Reilly Automotive by 29.8% in the 1st quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock worth $759,715,000 after purchasing an additional 254,823 shares in the last quarter. 82.76% of the stock is owned by institutional investors.

NASDAQ:ORLY opened at $608.82 on Thursday. O’Reilly Automotive has a one year low of $546.16 and a one year high of $748.68. The company has a market cap of $40.01 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.42 and a beta of 1.04. The firm’s fifty day moving average price is $635.52 and its two-hundred day moving average price is $662.37.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm earned $7.06 earnings per share. On average, equities research analysts expect that O’Reilly Automotive will post 32.62 earnings per share for the current year.

About O’Reilly Automotive (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.

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