O’Reilly Automotive (NASDAQ:ORLY) Reaches New 52-Week High – Here’s Why

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) reached a new 52-week high on Monday . The company traded as high as $1,255.40 and last traded at $1,246.82, with a volume of 424366 shares. The stock had previously closed at $1,243.22.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen upped their price target on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

The stock has a fifty day moving average price of $1,191.32 and a two-hundred day moving average price of $1,110.24. The firm has a market capitalization of $71.98 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.52 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data 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 business had revenue of $4.36 billion for 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 company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.72 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, 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 completion of the transaction, the director now owns 700 shares of the company’s stock, valued at approximately $856,849. The trade was a 46.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Thomas Loafman sold 620 shares of the firm’s stock in a transaction dated 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 directly owns 5 shares in the company, valued at $6,201.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp boosted its position in shares of O’Reilly Automotive by 2.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 1,133 shares of the specialty retailer’s stock valued at $1,305,000 after purchasing an additional 25 shares in the last quarter. Destination Wealth Management acquired a new position in shares of O’Reilly Automotive during the third quarter valued at about $15,027,000. Wilmington Savings Fund Society FSB bought a new position in shares of O’Reilly Automotive in the third quarter valued at approximately $184,000. Arvest Bank Trust Division bought a new stake in shares of O’Reilly Automotive in the 3rd quarter worth $518,000. Finally, World Investment Advisors LLC lifted its position in shares of O’Reilly Automotive by 9.4% during the 3rd quarter. World Investment Advisors LLC now owns 535 shares of the specialty retailer’s stock worth $616,000 after buying an additional 46 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.