StockNews.com Upgrades O’Reilly Automotive (NASDAQ:ORLY) to Buy

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. UBS Group lifted their price objective on 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. Mizuho initiated coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Truist Financial raised their target price on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Evercore ISI cut their target price on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $1,106.31.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,043.93 on Thursday. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.98 and a beta of 0.86. The business’s 50 day moving average price is $1,097.20 and its 200 day moving average price is $1,015.51.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the business posted $8.28 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Insider Activity

In other news, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman David E. Oreilly sold 10,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its holdings in O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after buying an additional 10 shares during the last quarter. LifeSteps Financial Inc. purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $45,000. YHB Investment Advisors Inc. purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $277,000. McKinley Carter Wealth Services Inc. lifted its holdings in O’Reilly Automotive by 2.3% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 8,798 shares of the specialty retailer’s stock worth $9,932,000 after buying an additional 198 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in O’Reilly Automotive by 10.5% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 725 shares of the specialty retailer’s stock worth $818,000 after buying an additional 69 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.