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

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other analysts have also commented on the company. Truist Financial lifted their price objective on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Roth Mkm restated a “buy” rating and issued a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Royal Bank of Canada raised their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets began coverage on shares of O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,289.44.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,241.08 on Wednesday. O’Reilly Automotive has a one year low of $947.49 and a one year high of $1,283.96. The company’s 50-day simple moving average is $1,223.49 and its 200 day simple moving average is $1,164.11. The firm has a market capitalization of $71.65 billion, a P/E ratio of 30.70, a PEG ratio of 2.26 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 earnings per share. O’Reilly Automotive’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts expect that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Large investors have recently added to or reduced their stakes in the company. ETF Portfolio Partners Inc. increased its position in shares of O’Reilly Automotive by 75.0% in the fourth quarter. ETF Portfolio Partners Inc. now owns 350 shares of the specialty retailer’s stock valued at $415,000 after buying an additional 150 shares in the last quarter. Vista Investment Partners LLC increased its stake in shares of O’Reilly Automotive by 1.0% in the 4th quarter. Vista Investment Partners LLC now owns 4,700 shares of the specialty retailer’s stock worth $5,573,000 after acquiring an additional 45 shares during the last quarter. KFG Wealth Management LLC raised its holdings in shares of O’Reilly Automotive by 2.5% during the 4th quarter. KFG Wealth Management LLC now owns 485 shares of the specialty retailer’s stock worth $575,000 after acquiring an additional 12 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in O’Reilly Automotive during the fourth quarter worth about $222,000. Finally, AlphaMark Advisors LLC acquired a new position in O’Reilly Automotive in the 4th quarter valued at about $30,000. 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.