O’Reilly Automotive’s (ORLY) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report published on Thursday morning, Benzinga reports. DA Davidson currently has a $1,275.00 price objective on the specialty retailer’s stock. DA Davidson also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.59 EPS, FY2024 earnings at $40.97 EPS and FY2025 earnings at $45.78 EPS.

A number of other equities research analysts have also recently weighed in on ORLY. Wells Fargo & Company lifted 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. Bank of America lifted 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 report on Thursday, August 22nd. Morgan Stanley upped their price target on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group dropped their price objective on 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. Finally, Wedbush reissued a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,195.22 on Thursday. The stock has a 50 day moving average of $1,150.51 and a 200 day moving average of $1,081.98. The firm has a market capitalization of $69.33 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.29 and a beta of 0.92. O’Reilly Automotive has a fifty-two week low of $895.88 and a fifty-two week high of $1,221.18.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share 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 analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.72 earnings per share. Analysts forecast that O’Reilly Automotive will post 41.05 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 value of $1,751,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,411 shares of company stock worth $56,846,062. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its stake in shares of O’Reilly Automotive by 10.5% during the first quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer’s stock worth $583,000 after buying an additional 49 shares during the period. 180 Wealth Advisors LLC purchased a new stake in O’Reilly Automotive during the 1st quarter valued at approximately $308,000. Hengehold Capital Management LLC acquired a new stake in O’Reilly Automotive during the 1st quarter worth approximately $239,000. Fifth Third Wealth Advisors LLC grew its stake in shares of O’Reilly Automotive by 5.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 536 shares of the specialty retailer’s stock valued at $605,000 after purchasing an additional 26 shares during the last quarter. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of O’Reilly Automotive by 325.0% in the first 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 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.