O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $745.00 at The Goldman Sachs Group

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its target price boosted by equities researchers at The Goldman Sachs Group from $667.00 to $745.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 5.62% from the stock’s previous close.

A number of other research firms have also recently weighed in on ORLY. MKM Partners increased their price objective on O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. 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. Citigroup reissued a “maintains” rating on shares of O’Reilly Automotive in a report on Friday, July 29th. Truist Financial reduced 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. Finally, Royal Bank of Canada reduced their price target on O’Reilly Automotive from $806.00 to $795.00 in a report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $749.23.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $705.37 on Tuesday. 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 50-day simple moving average of $647.74 and a 200-day simple moving average of $659.12. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.80 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 earnings per share for the quarter, missing analysts’ consensus estimates of $8.98 by ($0.20). O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business posted $8.33 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that O’Reilly Automotive will post 31.56 EPS for the current year.

Insider Activity at O’Reilly Automotive

In related news, SVP Jeffrey Lynn Groves purchased 175 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was bought at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Jeffrey Lynn Groves purchased 175 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was bought at an average price of $572.77 per share, with a total value of $100,234.75. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Adam Fletcher purchased 835 shares of the company’s stock in a transaction on Friday, May 20th. The shares were bought 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 of the company’s stock, valued at approximately $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lloyd Advisory Services LLC. purchased a new stake in shares of O’Reilly Automotive in the first quarter valued at $26,000. Riverview Trust Co acquired a new position in O’Reilly Automotive in the first quarter valued at $27,000. Castle Wealth Management LLC acquired a new position in O’Reilly Automotive in the second quarter valued at $27,000. Atlas Capital Advisors LLC acquired a new position in O’Reilly Automotive in the fourth quarter valued at $30,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in O’Reilly Automotive in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.

O’Reilly Automotive Company Profile

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

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