O’Reilly Automotive’s (ORLY) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Thursday morning, Benzinga reports. The firm currently has a $1,100.00 price target on the specialty retailer’s stock. Wedbush also issued estimates for O’Reilly Automotive’s Q2 2024 earnings at $11.27 EPS, Q3 2024 earnings at $11.88 EPS, Q4 2024 earnings at $9.57 EPS, FY2024 earnings at $41.92 EPS, Q1 2025 earnings at $10.01 EPS, Q2 2025 earnings at $12.35 EPS, Q3 2025 earnings at $13.02 EPS, Q4 2025 earnings at $10.50 EPS, FY2025 earnings at $45.88 EPS and FY2026 earnings at $50.18 EPS.

Other equities analysts have also issued reports about the stock. Barclays increased their price objective 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. Truist Financial increased their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of O’Reilly Automotive from a hold rating to a buy rating in a research report on Thursday. Wells Fargo & Company upped 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 note on Monday, March 25th. Finally, Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $1,106.31.

O’Reilly Automotive Trading Down 1.0 %

Shares of ORLY opened at $1,043.93 on Thursday. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The firm has a fifty day simple moving average of $1,097.20 and a 200 day simple moving average of $1,016.19. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.91 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $8.28 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that O’Reilly Automotive will post 41.79 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, EVP Doug D. Bragg sold 1,218 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares in the company, valued at $2,400,380. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 in the last ninety days. 1.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Groesbeck Investment Management Corp NJ grew its holdings in shares of O’Reilly Automotive by 0.7% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock valued at $1,306,000 after purchasing an additional 10 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of O’Reilly Automotive by 3.9% during the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock valued at $251,000 after purchasing an additional 10 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of O’Reilly Automotive by 1.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock valued at $820,000 after purchasing an additional 10 shares during the last quarter. Caprock Group LLC boosted its position in O’Reilly Automotive by 2.4% during the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after buying an additional 11 shares during the period. Finally, Western Pacific Wealth Management LP boosted its position in O’Reilly Automotive by 11.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after buying an additional 11 shares during the period. 85.00% of the stock is owned by institutional investors.

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.