O’Reilly Automotive (NASDAQ:ORLY) was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.
Several other analysts have also issued reports on the stock. BidaskClub lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Wolfe Research downgraded shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. Wells Fargo & Co boosted their price target on shares of O’Reilly Automotive from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Jefferies Financial Group boosted their price target on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price target on the stock in a report on Thursday, December 20th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $350.25.
Shares of NASDAQ ORLY traded down $5.23 during trading on Friday, hitting $360.23. The stock had a trading volume of 1,353,186 shares, compared to its average volume of 599,934. O’Reilly Automotive has a 12 month low of $217.64 and a 12 month high of $366.18. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.26 and a beta of 0.89.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). O’Reilly Automotive had a return on equity of 303.97% and a net margin of 13.89%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that O’Reilly Automotive will post 17.91 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has approved a stock buyback plan on Tuesday, November 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORLY. Virtus ETF Advisers LLC purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $25,000. CNB Bank purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $35,000. Capital Investment Advisory Services LLC purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $39,000. Clean Yield Group purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $40,000. Finally, Lindbrook Capital LLC purchased a new stake in O’Reilly Automotive during the fourth quarter valued at about $43,000. 84.96% of the stock is currently owned by institutional investors and hedge funds.
About O’Reilly Automotive
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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