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

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $1,144.06.

ORLY has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Bank of America boosted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Truist Financial boosted their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson boosted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

O’Reilly Automotive Trading Down 0.7 %

O’Reilly Automotive stock opened at $1,129.97 on Friday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The firm has a market capitalization of $66.55 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.13 and a beta of 0.92. The firm has a 50 day simple moving average of $1,083.84 and a 200 day simple moving average of $1,064.96.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the firm posted $10.22 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that O’Reilly Automotive will post 41.13 EPS for the current year.

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Mark Joseph Merz sold 413 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the transaction, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock valued at $56,846,062 over the last three months. Insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. grew its holdings in O’Reilly Automotive by 1.4% in the first quarter. Pinnacle Associates Ltd. now owns 726 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 10 shares during the period. Industrial Alliance Investment Management Inc. grew its holdings in O’Reilly Automotive by 2.6% in the first quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 10 shares during the period. Marcum Wealth LLC grew its holdings in O’Reilly Automotive by 5.1% in the second quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock worth $218,000 after purchasing an additional 10 shares during the period. Ausdal Financial Partners Inc. grew its holdings in O’Reilly Automotive by 2.9% in the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares during the period. Finally, L.M. Kohn & Company grew its holdings in O’Reilly Automotive by 1.9% in the fourth quarter. L.M. Kohn & Company now owns 591 shares of the specialty retailer’s stock worth $561,000 after purchasing an additional 11 shares during the period. 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.