O’Reilly Automotive (NASDAQ:ORLY) Upgraded at StockNews.com

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

Several other equities analysts also recently issued reports on the company. BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Evercore ISI upped their target price on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BMO Capital Markets started coverage on shares of O’Reilly Automotive in a report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective on the stock. Finally, TD Cowen increased their price target on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,269.31.

O’Reilly Automotive Stock Up 1.4 %

NASDAQ:ORLY opened at $1,204.22 on Wednesday. The firm has a 50 day moving average of $1,218.78 and a 200 day moving average of $1,149.60. The stock has a market capitalization of $69.52 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.58 and a beta of 0.94. O’Reilly Automotive has a 52 week low of $914.50 and a 52 week high of $1,283.96.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $10.72 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that O’Reilly Automotive will post 40.85 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $856,849. This represents a 46.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total transaction of $769,041.80. Following the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Several institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in O’Reilly Automotive in the 3rd quarter valued at about $32,000. Trifecta Capital Advisors LLC grew its stake in O’Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of O’Reilly Automotive in the 3rd quarter valued at about $37,000. Princeton Global Asset Management LLC purchased a new stake in shares of O’Reilly Automotive during the third quarter worth approximately $41,000. Finally, Rothschild Investment LLC acquired a new stake in O’Reilly Automotive in the second quarter valued at approximately $89,000. Institutional investors and hedge funds 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.