O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
ORLY has been the topic of several other research reports. Roth Mkm lifted their target price on shares of O’Reilly Automotive from $940.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, May 12th. DA Davidson lifted their target price on shares of O’Reilly Automotive from $975.00 to $1,050.00 in a research report on Friday, April 28th. Citigroup lifted their target price on shares of O’Reilly Automotive from $916.00 to $983.00 in a research report on Monday, July 17th. Truist Financial lifted their target price on shares of O’Reilly Automotive from $992.00 to $1,038.00 in a research report on Wednesday, July 12th. Finally, UBS Group lifted their target price on shares of O’Reilly Automotive from $940.00 to $1,055.00 in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $946.06.
O’Reilly Automotive Stock Performance
ORLY stock opened at $956.23 on Friday. The firm has a market cap of $58.21 billion, a PE ratio of 27.64, a P/E/G ratio of 1.97 and a beta of 0.88. The firm’s fifty day moving average is $932.55 and its 200 day moving average is $878.58. O’Reilly Automotive has a one year low of $665.45 and a one year high of $975.72.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its quarterly earnings results on Thursday, April 27th. The specialty retailer reported $8.28 EPS for the quarter, beating the consensus estimate of $8.00 by $0.28. O’Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the business earned $7.17 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. Research analysts predict that O’Reilly Automotive will post 37.25 earnings per share for the current fiscal year.
Insider Buying and Selling at O’Reilly Automotive
In other O’Reilly Automotive news, EVP Thomas Mcfall sold 4,025 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $962.02, for a total transaction of $3,872,130.50. Following the sale, the executive vice president now directly owns 5,901 shares in the company, valued at approximately $5,676,880.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other O’Reilly Automotive news, EVP Thomas Mcfall sold 4,025 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $962.02, for a total value of $3,872,130.50. Following the sale, the executive vice president now directly owns 5,901 shares of the company’s stock, valued at approximately $5,676,880.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $925.55, for a total transaction of $4,627,750.00. Following the completion of the sale, the chairman now directly owns 56,757 shares in the company, valued at $52,531,441.35. The disclosure for this sale can be found here. Insiders have sold 44,443 shares of company stock worth $41,584,807 in the last ninety days. 1.55% of the stock is owned by insiders.
Institutional Investors Weigh In On O’Reilly Automotive
Large investors have recently modified their holdings of the company. Cibc World Market Inc. grew its position in shares of O’Reilly Automotive by 305.4% in the 1st quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after buying an additional 2,434 shares during the last quarter. Sei Investments Co. grew its position in shares of O’Reilly Automotive by 51.3% in the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock valued at $10,894,000 after buying an additional 5,376 shares during the last quarter. Prudential PLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter valued at $1,847,000. Cetera Investment Advisers grew its position in shares of O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock valued at $1,343,000 after buying an additional 644 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of O’Reilly Automotive by 11.4% in the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock valued at $262,000 after buying an additional 39 shares during the last quarter. 85.08% of the stock is owned by hedge funds and other institutional investors.
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 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.
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