O’Reilly Automotive (NASDAQ:ORLY) Upgraded to “Buy” by StockNews.com

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other analysts have also issued reports on ORLY. Wells Fargo & Company lifted their price target on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. The Goldman Sachs Group lifted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Wedbush lifted their price target on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Evercore ISI lowered their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Truist Financial boosted their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and an average price target of $1,115.19.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,092.70 on Thursday. The stock has a market capitalization of $64.50 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The business has a 50 day simple moving average of $1,097.21 and a 200-day simple moving average of $1,014.34.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $8.37 earnings per share. On average, equities research analysts anticipate that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was 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 owns 2,335 shares of the company’s stock, valued at approximately $2,400,380. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the sale, the chief financial officer now 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 available through this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 in the last quarter. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Large investors have recently bought and sold shares of the stock. Steward Financial Group LLC increased its holdings in O’Reilly Automotive by 141.7% during the 3rd quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 17 shares during the period. Rise Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $37,000. Indiana Trust & Investment Management CO increased its holdings in O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 26 shares during the period. Finally, Riverview Trust Co purchased a new stake in O’Reilly Automotive during the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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, 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.