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

StockNews.com upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a buy rating in a research report report published on Tuesday.

ORLY has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a report on Friday, February 9th. Wedbush lifted their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a report on Thursday, February 8th. Truist Financial lifted their price objective on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Barclays lifted 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 report on Thursday, January 4th. Finally, Evercore ISI cut their price objective on shares of O’Reilly Automotive from $1,240.00 to $1,220.00 and set an outperform rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $1,102.53.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $1,101.06 on Tuesday. The company has a market capitalization of $65.00 billion, a PE ratio of 28.61, a P/E/G ratio of 1.99 and a beta of 0.86. The company has a fifty day moving average of $1,092.68 and a 200 day moving average of $1,008.14. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.37 earnings per share. Research analysts expect that O’Reilly Automotive will post 42.09 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 269 shares of the company’s 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 completion of the sale, the director now owns 950 shares of the company’s stock, valued at approximately $987,316. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief financial officer now directly owns 2,335 shares in the company, valued at approximately $2,400,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 269 shares of the business’s 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 completion of the transaction, the director now owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock valued at $27,269,333. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the company. Fortune Financial Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock worth $2,325,000 after acquiring an additional 57 shares during the last quarter. SignalPoint Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 3.3% in the 4th quarter. SignalPoint Asset Management LLC now owns 51,120 shares of the specialty retailer’s stock worth $48,567,000 after acquiring an additional 1,642 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of O’Reilly Automotive by 13.6% in the 4th quarter. NewEdge Wealth LLC now owns 34,217 shares of the specialty retailer’s stock worth $32,509,000 after acquiring an additional 4,101 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of O’Reilly Automotive by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 1,747 shares of the specialty retailer’s stock worth $1,660,000 after acquiring an additional 114 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of O’Reilly Automotive by 10.8% in the 3rd quarter. LPL Financial LLC now owns 34,746 shares of the specialty retailer’s stock worth $31,579,000 after acquiring an additional 3,385 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.