O’Reilly Automotive’s (ORLY) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Wednesday, MarketBeat.com reports. They currently have a $1,337.00 price objective on the specialty retailer’s stock.

A number of other equities research analysts also recently issued reports on ORLY. UBS Group reduced their price target on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Bank of America increased their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Royal Bank of Canada dropped their price target on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Evercore ISI increased their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Truist Financial boosted their target price 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 Monday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,206.87.

O’Reilly Automotive Price Performance

ORLY stock opened at $1,198.90 on Wednesday. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05. The stock has a market capitalization of $70.61 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.24 and a beta of 0.92. The business’s fifty day moving average price is $1,138.75 and its two-hundred day moving average price is $1,077.71.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $10.22 earnings per share. Research analysts expect that O’Reilly Automotive will post 41.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ORLY. JPMorgan Chase & Co. boosted its stake in shares of O’Reilly Automotive by 56.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after purchasing an additional 376,167 shares during the last quarter. Global Assets Advisory LLC acquired a new position in O’Reilly Automotive in the first quarter valued at $108,456,000. CCLA Investment Management bought a new stake in O’Reilly Automotive during the first quarter valued at $95,481,000. Marshall Wace LLP grew its holdings in O’Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock worth $96,078,000 after acquiring an additional 80,978 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of O’Reilly Automotive by 4.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,793,461 shares of the specialty retailer’s stock worth $2,024,604,000 after acquiring an additional 76,517 shares in the last quarter. Institutional investors 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.