O’Reilly Automotive (NASDAQ:ORLY) Coverage Initiated at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $1,400.00 target price on the specialty retailer’s stock.

ORLY has been the topic of a number of other research reports. Truist Financial raised their target price on shares of O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a report on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. DA Davidson reiterated a “buy” rating and set a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,257.00.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,270.60 on Friday. The business has a 50-day moving average of $1,213.13 and a 200-day moving average of $1,129.22. The company has a market capitalization of $73.35 billion, a PE ratio of 31.43, a P/E/G ratio of 2.57 and a beta of 0.93. O’Reilly Automotive has a 1-year low of $914.50 and a 1-year high of $1,281.95.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $10.72 earnings per share. On average, equities analysts expect that O’Reilly Automotive will post 40.85 earnings per share for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at approximately $6,201.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Weiss sold 600 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately $856,849. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ORLY. Darwin Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the 3rd quarter worth about $32,000. Trifecta Capital Advisors LLC increased its stake in O’Reilly Automotive by 383.3% in the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 23 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in O’Reilly Automotive in the third quarter valued at about $37,000. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Kings Path Partners LLC acquired a new position in O’Reilly Automotive in the second quarter valued at about $44,000. Institutional investors and hedge funds 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.