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

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

ORLY has been the subject of a number of other reports. Truist Financial boosted their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Wells Fargo & Company lifted their target price on shares of 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. Wedbush lifted their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. Finally, Mizuho assumed coverage on shares of O’Reilly Automotive in a research report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 target price for the company. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of Moderate Buy and a consensus target price of $1,102.53.

O’Reilly Automotive Stock Up 0.6 %

Shares of NASDAQ ORLY opened at $1,101.06 on Tuesday. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm has a market cap of $65.00 billion, a P/E ratio of 28.61, a PEG ratio of 1.99 and a beta of 0.86. The company has a 50 day moving average of $1,092.68 and a 200 day moving average of $1,008.14.

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

Insider Activity at O’Reilly Automotive

In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction 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 transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction 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 transaction, the executive vice president now owns 5,533 shares in the company, valued at approximately $5,884,566.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 10,000 shares of O’Reilly Automotive stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the transaction, the chairman now owns 216,539 shares in the company, valued at approximately $228,141,159.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently bought and sold shares of ORLY. Cibc World Market Inc. lifted its stake in O’Reilly Automotive by 305.4% in the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock worth $2,213,000 after purchasing an additional 2,434 shares in the last quarter. Sei Investments Co. lifted its stake in O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock worth $10,894,000 after purchasing an additional 5,376 shares in the last quarter. Prudential PLC purchased a new stake in O’Reilly Automotive in the 1st quarter worth $1,847,000. Cetera Investment Advisers lifted its stake in O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock worth $1,343,000 after purchasing an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in O’Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors 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.