O’Reilly Automotive’s (ORLY) Maintains Rating Reaffirmed at Citigroup

Citigroup reissued their maintains rating on shares of O’Reilly Automotive (NASDAQ:ORLYGet Rating) in a research report report published on Friday, MarketBeat Ratings reports.

Other research analysts have also issued reports about the stock. StockNews.com began coverage on shares of O’Reilly Automotive in a research note on Thursday, March 31st. They set a buy rating for the company. Bank of America raised shares of O’Reilly Automotive from a neutral rating to a buy rating and set a $730.00 price objective for the company in a research note on Tuesday, May 10th. DA Davidson raised shares of O’Reilly Automotive from a neutral rating to a buy rating and boosted their target price for the company from $700.00 to $740.00 in a research note on Wednesday, June 29th. Truist Financial lowered their target price on shares of O’Reilly Automotive from $788.00 to $770.00 and set a buy rating for the company in a research note on Monday, July 25th. Finally, Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $800.00 to $750.00 and set an overweight rating for the company in a research note on Wednesday, June 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of Moderate Buy and an average target price of $749.58.

O’Reilly Automotive Stock Performance

ORLY stock opened at $708.99 on Friday. The firm has a fifty day moving average price of $643.95 and a 200 day moving average price of $658.44. O’Reilly Automotive has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The firm has a market cap of $46.60 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted 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 firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.33 earnings per share. On average, equities analysts predict that O’Reilly Automotive will post 31.53 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 7,145 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the sale, the chairman now directly owns 294,582 shares in the company, valued at $206,207,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jeffrey Lynn Groves bought 175 shares of O’Reilly Automotive stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the acquisition, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David E. Oreilly sold 7,145 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $700.00, for a total transaction of $5,001,500.00. Following the completion of the transaction, the chairman now owns 294,582 shares of the company’s stock, valued at $206,207,400. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Large investors have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. bought a new position in O’Reilly Automotive in the first quarter worth about $26,000. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive during the first quarter valued at about $27,000. Castle Wealth Management LLC acquired a new position in shares of O’Reilly Automotive during the second quarter valued at about $27,000. Atlas Capital Advisors LLC acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $30,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of O’Reilly Automotive during the fourth quarter valued at about $28,000. 82.76% of the stock is currently owned by institutional investors.

About O’Reilly Automotive

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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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