O’Reilly Automotive, Inc. (NASDAQ:ORLY) Given Average Recommendation of “Moderate Buy” by Analysts

O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $721.04.

ORLY has been the topic of several research analyst reports. DA Davidson upgraded shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $700.00 to $740.00 in a report on Wednesday, June 29th. Citigroup reduced their price objective on shares of O’Reilly Automotive from $720.00 to $662.00 in a report on Friday, May 13th. StockNews.com initiated coverage on shares of O’Reilly Automotive in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Wells Fargo & Company reduced their price objective on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, June 8th. Finally, Truist Financial dropped their target price on O’Reilly Automotive from $837.00 to $788.00 in a research report on Friday, April 29th.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher purchased 835 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average cost of $600.00 per share, with a total value of $501,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at approximately $1,138,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jeremy Adam Fletcher acquired 835 shares of O’Reilly Automotive stock in a transaction on Friday, May 20th. The stock was bought at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the purchase, the chief financial officer now owns 1,897 shares in the company, valued at $1,138,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Lynn Groves acquired 175 shares of O’Reilly Automotive stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $572.77 per share, with a total value of $100,234.75. Following the purchase, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The disclosure for this purchase can be found here. 1.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its stake in shares of O’Reilly Automotive by 23.3% during the second quarter. Ritholtz Wealth Management now owns 757 shares of the specialty retailer’s stock worth $478,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of O’Reilly Automotive by 14.2% during the second quarter. Rosenberg Matthew Hamilton now owns 121 shares of the specialty retailer’s stock worth $77,000 after purchasing an additional 15 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of O’Reilly Automotive by 11.3% during the second quarter. IFM Investors Pty Ltd now owns 11,654 shares of the specialty retailer’s stock worth $7,363,000 after purchasing an additional 1,183 shares during the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of O’Reilly Automotive by 36.5% during the second quarter. Gofen & Glossberg LLC IL now owns 524 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 140 shares during the last quarter. Finally, Raymond James Trust NA raised its stake in shares of O’Reilly Automotive by 7.7% during the second quarter. Raymond James Trust NA now owns 2,360 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

O’Reilly Automotive Stock Up 1.4%

NASDAQ ORLY opened at $683.20 on Monday. O’Reilly Automotive has a 52 week low of $562.90 and a 52 week high of $748.68. The business’s fifty-day simple moving average is $626.59 and its 200-day simple moving average is $658.30. The firm has a market cap of $44.90 billion, a PE ratio of 21.89, a P/E/G ratio of 1.65 and a beta of 0.99.

O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the firm earned $7.06 EPS. Research analysts expect that O’Reilly Automotive will post 32.68 EPS for the current year.

About O’Reilly Automotive

(Get Rating)

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. 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.

See Also

Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in O’Reilly Automotive right now?

Before you consider O’Reilly Automotive, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and O’Reilly Automotive wasn’t on the list.

While O’Reilly Automotive currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

.

Leave a Reply

Your email address will not be published.