O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $1,110.07.

A number of equities research analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial lowered their price target on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday. Barclays lifted their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. UBS Group boosted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the transaction, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. 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.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Norges Bank purchased a new position in O’Reilly Automotive in the 4th quarter valued at about $671,384,000. International Assets Investment Management LLC lifted its position in shares of O’Reilly Automotive by 89,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock worth $621,025,000 after purchasing an additional 652,924 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock worth $434,780,000 after purchasing an additional 397,108 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of O’Reilly Automotive during the third quarter worth about $198,365,000. Finally, Bank of New York Mellon Corp lifted its position in shares of O’Reilly Automotive by 15.0% during the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock worth $1,587,784,000 after purchasing an additional 183,296 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Trading Down 1.0 %

NASDAQ:ORLY opened at $1,043.93 on Friday. The firm has a 50-day moving average price of $1,097.20 and a two-hundred day moving average price of $1,016.19. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, equities research analysts predict that O’Reilly Automotive will post 41.7 earnings per share for the current year.

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.