O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $1,144.06 Average Price Target from Analysts

O’Reilly Automotive, Inc. (NASDAQ:ORLY) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts 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 analyst reports. Royal Bank of Canada dropped their price objective on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Bank of America increased 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. Wedbush restated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 25th. Truist Financial increased their target price on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, 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 report on Thursday, August 22nd.

O’Reilly Automotive Trading Down 1.2 %

Shares of NASDAQ ORLY opened at $1,146.03 on Wednesday. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The firm’s 50-day moving average is $1,121.20 and its 200-day moving average is $1,074.04. The firm has a market capitalization of $67.49 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92.

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

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Gregory D. Johnson sold 15,364 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the completion of the sale, the director now directly owns 5,016 shares of the company’s stock, valued at approximately $5,698,978.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

Large investors have recently added to or reduced their stakes in the company. Paragon Capital Management Inc. raised its holdings in shares of O’Reilly Automotive by 1.4% in the 2nd quarter. Paragon Capital Management Inc. now owns 1,612 shares of the specialty retailer’s stock valued at $1,702,000 after purchasing an additional 22 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in O’Reilly Automotive in the second quarter valued at approximately $63,793,000. Sanctuary Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the second quarter valued at approximately $25,459,000. Brown Financial Advisors bought a new position in shares of O’Reilly Automotive during the 2nd quarter worth approximately $701,000. Finally, Clearbridge Investments LLC boosted its stake in shares of O’Reilly Automotive by 110.7% during the 2nd quarter. Clearbridge Investments LLC now owns 948 shares of the specialty retailer’s stock worth $1,001,000 after acquiring an additional 498 shares during the period. 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.