O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $1,144.06.

Several research firms have recently commented on ORLY. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,200.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group dropped their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. DA Davidson increased their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wedbush reissued a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Finally, Truist Financial upped their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

O’Reilly Automotive Trading Up 0.8 %

NASDAQ ORLY opened at $1,129.22 on Wednesday. The stock has a fifty day simple moving average of $1,114.52 and a 200-day simple moving average of $1,072.87. The stock has a market cap of $65.51 billion, a PE ratio of 28.66, a P/E/G ratio of 2.15 and a beta of 0.92. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the business earned $10.22 earnings per share. O’Reilly Automotive’s revenue was up 5.0% on a year-over-year basis. Research analysts predict that O’Reilly Automotive will post 41.13 EPS for the current year.

Insider Activity

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in O’Reilly Automotive in the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO increased its stake in shares of 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 worth $38,000 after acquiring an additional 26 shares during the period. Riverview Trust Co purchased a new position in O’Reilly Automotive during the first quarter worth about $41,000. Crewe Advisors LLC acquired a new stake in O’Reilly Automotive in the first quarter valued at about $43,000. Finally, LifeSteps Financial Inc. purchased a new stake in O’Reilly Automotive in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds 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.