Truist Financial Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,234.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective lifted by investment analysts at Truist Financial from $1,149.00 to $1,234.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s target price would suggest a potential upside of 9.18% from the company’s current price.

A number of other equities research analysts also recently issued reports on ORLY. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Wedbush lifted their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Barclays lifted their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. The Goldman Sachs Group raised their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,090.47.

O’Reilly Automotive Stock Up 0.1 %

Shares of NASDAQ:ORLY opened at $1,130.28 on Tuesday. The company has a market cap of $66.73 billion, a P/E ratio of 29.37, a PEG ratio of 2.05 and a beta of 0.86. O’Reilly Automotive has a 52 week low of $851.22 and a 52 week high of $1,169.11. The company has a 50-day moving average price of $1,074.16 and a 200 day moving average price of $992.02.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $8.37 earnings per share. Analysts expect that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Activity

In other news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. Insiders sold 27,468 shares of company stock valued at $28,769,333 in the last ninety days. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC acquired a new position in shares of O’Reilly Automotive during the 2nd quarter valued at $25,000. Steward Financial Group LLC lifted its holdings in shares of O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of O’Reilly Automotive during the 4th quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in O’Reilly Automotive in the 3rd quarter worth $34,000. Finally, Carmel Capital Partners LLC lifted its holdings in O’Reilly Automotive by 1,750.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock worth $34,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.