O’Reilly Automotive, Inc. (NASDAQ:ORLY) Receives $758.43 Consensus Price Target from Analysts

O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $758.43.

A number of brokerages have recently weighed in on ORLY. Guggenheim lifted their price objective on O’Reilly Automotive to $823.00 in a research report on Monday, August 15th. Truist Financial lowered their target price on O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating for the company in a research note on Monday, July 25th. The Goldman Sachs Group raised their target price on O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. DA Davidson raised their target price on O’Reilly Automotive from $740.00 to $815.00 in a research note on Friday, July 29th. Finally, Wells Fargo & Company lowered their target price on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th.

O’Reilly Automotive Trading Up 0.6 %

Shares of O’Reilly Automotive stock opened at $728.64 on Tuesday. The firm has a market capitalization of $46.14 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The business’s 50-day moving average price is $697.88 and its 200-day moving average price is $670.12. O’Reilly Automotive has a 12 month low of $562.90 and a 12 month high of $750.88.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $8.33 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts predict that O’Reilly Automotive will post 31.73 earnings per share for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, Chairman David E. Oreilly sold 5,200 shares of O’Reilly Automotive stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $742.66, for a total value of $3,861,832.00. Following the completion of the sale, the chairman now owns 67,752 shares of the company’s stock, valued at $50,316,700.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other O’Reilly Automotive news, Director John Raymond Murphy sold 300 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $705.49, for a total transaction of $211,647.00. Following the completion of the sale, the director now owns 1,900 shares of the company’s stock, valued at $1,340,431. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David E. Oreilly sold 5,200 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $742.66, for a total value of $3,861,832.00. Following the sale, the chairman now directly owns 67,752 shares of the company’s stock, valued at approximately $50,316,700.32. The disclosure for this sale can be found here. Insiders sold 51,444 shares of company stock worth $37,192,687 over the last quarter. 1.73% of the stock is currently owned by insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of O’Reilly Automotive in the fourth quarter valued at about $449,778,000. Walker Asset Management LLC lifted its position in shares of O’Reilly Automotive by 5,878.9% in the second quarter. Walker Asset Management LLC now owns 545,512 shares of the specialty retailer’s stock worth $352,579,000 after buying an additional 536,388 shares in the last quarter. Jennison Associates LLC lifted its position in shares of O’Reilly Automotive by 491.7% in the first quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock worth $348,144,000 after buying an additional 422,371 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of O’Reilly Automotive by 128.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after buying an additional 386,822 shares in the last quarter. Finally, Carmignac Gestion purchased a new stake in shares of O’Reilly Automotive in the first quarter worth about $194,291,000. Institutional investors own 84.03% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Rating)

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. 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.

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Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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