Wedbush Reaffirms “Neutral” Rating for O’Reilly Automotive (NASDAQ:ORLY)

Wedbush reaffirmed their neutral rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research report report published on Thursday, Benzinga reports. They currently have a $1,100.00 price objective 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.

A number of other research analysts have also recently weighed in on the stock. 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 company an outperform rating in a research note on Friday, February 9th. Evercore ISI lowered their target price on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating on the stock in a research note on Tuesday, April 16th. Mizuho initiated coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They issued a buy rating and a $1,225.00 price target on the stock. Truist Financial boosted their price target on shares of 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, UBS Group boosted their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,107.56.

O’Reilly Automotive Trading Down 1.1 %

NASDAQ:ORLY traded down $11.20 during trading hours on Thursday, reaching $1,042.93. The company had a trading volume of 125,160 shares, compared to its average volume of 370,102. The firm’s 50 day moving average price is $1,097.34 and its 200-day moving average price is $1,014.62. The firm has a market cap of $61.56 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.98 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 issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 139.08%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.28 EPS. On average, analysts forecast that O’Reilly Automotive will post 42.1 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The transaction was disclosed in a filing with the SEC, which is available through this link. In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were 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 directly owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,968 shares of company stock worth $27,269,333. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds have recently modified their holdings of the business. Steward Financial Group LLC lifted its position in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. Carmel Capital Partners LLC lifted its position in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. Rise Advisors LLC purchased a new stake in O’Reilly Automotive during the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive during the first quarter valued at approximately $37,000. Finally, Indiana Trust & Investment Management CO lifted its position in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.