O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $125.00 at TD Cowen

O’Reilly Automotive (NASDAQ:ORLY) had its price target increased by TD Cowen from $112.00 to $125.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

ORLY has been the topic of several other reports. Wells Fargo & Company raised their target price on O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Barclays reiterated an “equal weight” rating and set a $86.00 price objective on shares of O’Reilly Automotive in a research report on Friday, July 25th. Argus assumed coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Guggenheim upped their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $106.36.

O’Reilly Automotive Trading Down 1.1%

O’Reilly Automotive stock opened at $106.29 on Monday. O’Reilly Automotive has a 12 month low of $73.33 and a 12 month high of $108.42. The firm has a market cap of $90.19 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.84 and a beta of 0.60. The stock has a fifty day simple moving average of $100.38 and a two-hundred day simple moving average of $94.20.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $10.55 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares of the company’s stock, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive stock in a transaction on 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 of the company’s stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last three months. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently bought and sold shares of ORLY. Vanguard Group Inc. boosted its holdings in shares of O’Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after acquiring an additional 73,596,571 shares during the last quarter. State Street Corp raised its stake in shares of O’Reilly Automotive by 1,424.2% during the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock worth $3,351,014,000 after buying an additional 34,740,553 shares during the period. Geode Capital Management LLC lifted its holdings in O’Reilly Automotive by 1,443.1% during the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after purchasing an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in O’Reilly Automotive by 1,317.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after buying an additional 16,406,181 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of O’Reilly Automotive by 1,820.9% in the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after acquiring an additional 13,382,074 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.