Wedbush Reiterates “Neutral” Rating for O’Reilly Automotive (NASDAQ:ORLY)

O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “neutral” rating reissued by equities researchers at Wedbush in a research report issued on Thursday, Benzinga reports. They currently have a $1,100.00 price objective on the specialty retailer’s stock. Wedbush’s price target suggests a potential upside of 5.37% from the stock’s current price. Wedbush also issued estimates for O’Reilly Automotive’s Q2 2024 earnings at $11.27 EPS, Q3 2024 earnings at $11.88 EPS, Q4 2024 earnings at $9.57 EPS, FY2024 earnings at $41.92 EPS, Q1 2025 earnings at $10.01 EPS, Q2 2025 earnings at $12.35 EPS, Q3 2025 earnings at $13.02 EPS, Q4 2025 earnings at $10.50 EPS, FY2025 earnings at $45.88 EPS and FY2026 earnings at $50.18 EPS.

Several other research analysts also recently weighed in on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upped their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Wells Fargo & Company increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. The Goldman Sachs Group increased 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 research note on Friday, February 9th. Finally, Evercore ISI reduced their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,106.31.

O’Reilly Automotive Stock Down 1.0 %

O’Reilly Automotive stock opened at $1,043.93 on Thursday. The firm has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86. The firm has a fifty day moving average of $1,097.20 and a 200-day moving average of $1,015.51. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.28 earnings per share. On average, research analysts expect that O’Reilly Automotive will post 41.7 EPS for the current fiscal year.

Insider Activity

In other news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at approximately $217,933,947. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the senior vice president now directly owns 963 shares in the company, valued at approximately $1,000,200.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the sale, the chairman now owns 205,095 shares in the company, valued at $217,933,947. The disclosure for this sale can be found here. In the last three months, insiders sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Global Retirement Partners LLC raised its position in shares of O’Reilly Automotive by 14.5% during the 3rd quarter. Global Retirement Partners LLC now owns 158 shares of the specialty retailer’s stock worth $142,000 after buying an additional 20 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of O’Reilly Automotive by 43.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 435 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 132 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of O’Reilly Automotive by 16.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,921 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 276 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of O’Reilly Automotive by 11.4% in the 3rd quarter. Private Trust Co. NA now owns 488 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 50 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in shares of O’Reilly Automotive by 2.4% in the 3rd quarter. Caprock Group LLC now owns 475 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 11 shares in the last quarter. 85.00% of the stock is currently owned by 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, 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.