O’Reilly Automotive (NASDAQ:ORLY) Rating Reiterated by Wedbush

Wedbush reaffirmed their neutral rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $1,100.00 target price on the specialty retailer’s stock.

Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of 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. StockNews.com downgraded shares of 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 shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating for the company in a research note on Tuesday, July 2nd. Evercore ISI decreased their target price on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating for the company in a research note on Tuesday, July 16th. Finally, UBS Group decreased their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive has an average rating of Moderate Buy and a consensus target price of $1,113.36.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,092.91 on Thursday. The firm has a market capitalization of $64.36 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92. The business’s fifty day moving average price is $1,019.39 and its 200 day moving average price is $1,044.87. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 145.52%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $10.22 EPS. As a group, equities analysts anticipate that O’Reilly Automotive will post 41.6 EPS for the current year.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares in the company, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $37,000. Indiana Trust & Investment Management CO boosted its holdings in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $43,000. 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.