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

StockNews.com upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a buy rating in a research note published on Tuesday.

Several other analysts have also weighed in on ORLY. The Goldman Sachs Group increased their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a report on Friday, February 9th. Wedbush increased their target price on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. Mizuho assumed coverage on O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price on the stock. Barclays increased their target price on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research note on Thursday, January 4th. Finally, Truist Financial increased 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. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $1,089.59.

O’Reilly Automotive Stock Up 1.9 %

O’Reilly Automotive stock opened at $1,089.51 on Tuesday. The business has a 50-day simple moving average of $1,090.52 and a two-hundred day simple moving average of $1,006.87. The company has a market cap of $64.31 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.95 and a beta of 0.86. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11.

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

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the sale, the director now owns 950 shares of the company’s stock, valued at $987,316. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares of the company’s stock, valued at $1,000,200.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction dated 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 approximately $987,316. 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 over the last quarter. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the business. Groesbeck Investment Management Corp NJ boosted its holdings in O’Reilly Automotive by 0.7% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after acquiring an additional 10 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of O’Reilly Automotive by 3.9% in the fourth quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after purchasing an additional 10 shares during the last quarter. Caprock Group LLC raised its stake in shares of O’Reilly Automotive by 2.4% in the third quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 11 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of O’Reilly Automotive by 11.6% in the third quarter. Western Pacific Wealth Management LP now owns 106 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 11 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of O’Reilly Automotive by 2.4% in the third quarter. Sunbelt Securities Inc. now owns 460 shares of the specialty retailer’s stock worth $418,000 after purchasing an additional 11 shares during 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.