O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,123.64 Average PT from Brokerages

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $1,123.64.

A number of brokerages recently weighed in on ORLY. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Truist Financial decreased their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Evercore ISI upped their price objective on O’Reilly Automotive from $1,255.00 to $1,275.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. UBS Group upped their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company decreased their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th.

Insider Transactions at O’Reilly Automotive

In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares in the company, valued at $726,740. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at $726,740. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,084,209 shares of the specialty retailer’s stock valued at $5,739,462,000 after purchasing an additional 75,837 shares during the period. Principal Financial Group Inc. lifted its position in O’Reilly Automotive by 4.5% during the first quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after buying an additional 76,517 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 buying an additional 183,296 shares in the last quarter. JPMorgan Chase & Co. lifted its position in O’Reilly Automotive by 56.2% during the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock worth $1,180,259,000 after buying an additional 376,167 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in O’Reilly Automotive by 7.6% during the fourth quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer’s stock worth $900,186,000 after buying an additional 66,629 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 1.3 %

ORLY opened at $1,056.65 on Monday. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The business’s fifty day simple moving average is $1,019.76 and its 200-day simple moving average is $1,029.12. The company has a market capitalization of $62.23 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.91 and a beta of 0.89.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the company earned $8.28 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive will post 41.93 EPS for the current year.

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.