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 released on Thursday.

Several other equities analysts also recently commented on 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 note on Thursday, January 4th. Wells Fargo & Company raised 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. Truist Financial raised their price target on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. Wedbush raised their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Finally, Evercore ISI dropped their price target on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating for the company in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $1,106.31.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,043.93 on Thursday. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.91 and a beta of 0.86. The firm has a 50 day simple moving average of $1,097.20 and a 200 day simple moving average of $1,016.19. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.28 EPS. As a group, analysts expect that O’Reilly Automotive will post 41.79 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director John Raymond Murphy sold 269 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were 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 in the company, valued at $987,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Doug D. Bragg sold 1,218 shares of O’Reilly Automotive stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the transaction, the director now owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of O’Reilly Automotive by 14.5% during the third quarter. Global Retirement Partners LLC now owns 158 shares of the specialty retailer’s stock valued at $142,000 after purchasing an additional 20 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of O’Reilly Automotive by 43.6% during the third quarter. Capital Investment Advisors LLC now owns 435 shares of the specialty retailer’s stock valued at $395,000 after purchasing an additional 132 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of O’Reilly Automotive by 16.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,921 shares of the specialty retailer’s stock valued at $1,746,000 after purchasing an additional 276 shares in the last quarter. Private Trust Co. NA lifted its position in shares of O’Reilly Automotive by 11.4% during the third quarter. Private Trust Co. NA now owns 488 shares of the specialty retailer’s stock valued at $444,000 after purchasing an additional 50 shares in the last quarter. Finally, Caprock Group LLC lifted its position in shares of O’Reilly Automotive by 2.4% during the third quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.