O’Reilly Automotive (NASDAQ:ORLY) Sets New 52-Week High – Time to Buy?

O’Reilly Automotive, Inc. (NASDAQ:ORLY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,221.18 and last traded at $1,219.04, with a volume of 109235 shares. The stock had previously closed at $1,210.96.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORLY shares. Wells Fargo & Company raised their price target on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Roth Mkm reissued a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. DA Davidson upped their price target on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Truist Financial increased their price target on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,206.87.

O’Reilly Automotive Price Performance

The stock has a 50-day moving average price of $1,147.32 and a two-hundred day moving average price of $1,080.64. The stock has a market cap of $70.63 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for 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 146.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.22 EPS. Equities research analysts expect that O’Reilly Automotive, Inc. will post 41.06 earnings per share for the current year.

Insider Activity

In other news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total value of $1,751,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory D. Johnson sold 15,364 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,411 shares of company stock worth $56,846,062. 1.55% of the stock is currently owned by insiders.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asset Dedication LLC grew its stake in shares of O’Reilly Automotive by 6.2% during the third quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock valued at $178,000 after buying an additional 9 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in O’Reilly Automotive by 2.6% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 390 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 10 shares during the last quarter. Marcum Wealth LLC grew its position in O’Reilly Automotive by 5.1% in the 2nd quarter. Marcum Wealth LLC now owns 206 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in O’Reilly Automotive by 2.9% in the second quarter. Ausdal Financial Partners Inc. now owns 352 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 10 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in shares of O’Reilly Automotive by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 306 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 11 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.