Evercore ISI Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $110.00

O’Reilly Automotive (NASDAQ:ORLY) had its price objective increased by stock analysts at Evercore ISI from $108.00 to $110.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price points to a potential upside of 7.17% from the company’s previous close.

A number of other analysts have also recently weighed in on ORLY. Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Morgan Stanley reissued an “overweight” rating on shares of O’Reilly Automotive in a research report on Thursday, April 24th. Truist Financial upped their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Citigroup upped their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Buy” and an average target price of $103.38.

O’Reilly Automotive Trading Up 0.7%

Shares of O’Reilly Automotive stock opened at $102.64 on Tuesday. The company has a fifty day moving average price of $93.88 and a 200 day moving average price of $91.54. O’Reilly Automotive has a twelve month low of $73.11 and a twelve month high of $104.86. The stock has a market cap of $87.09 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the company earned $10.55 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts forecast that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Activity

In related news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the sale, the director owned 4,560 shares in the company, valued at $419,216. This represents a 39.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,840 shares of company stock valued at $6,629,176 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Large investors have recently made changes to their positions in the company. Carolinas Wealth Consulting LLC boosted its holdings in shares of O’Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 8 shares in the last quarter. Marcum Wealth LLC boosted its holdings in O’Reilly Automotive by 4.0% during the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock worth $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC boosted its holdings in O’Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock worth $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in O’Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in O’Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock worth $448,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds 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.