O’Reilly Automotive (NASDAQ:ORLY) Upgraded at BidaskClub

BidaskClub upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a strong-buy rating in a research note released on Thursday morning, BidAskClub reports.

ORLY has been the subject of several other research reports. Royal Bank of Canada set a $428.00 price target on shares of O’Reilly Automotive and gave the company a buy rating in a research report on Wednesday, August 7th. Stephens reduced their price target on shares of O’Reilly Automotive from $440.00 to $430.00 and set an overweight rating for the company in a research report on Friday, July 26th. Wells Fargo & Co reaffirmed a buy rating and set a $435.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, August 20th. Raymond James boosted their price objective on O’Reilly Automotive from $435.00 to $460.00 and gave the company a strong-buy rating in a research note on Thursday, July 25th. Finally, Northcoast Research downgraded O’Reilly Automotive from a buy rating to a neutral rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $407.57.

Shares of NASDAQ ORLY traded down $3.05 during midday trading on Thursday, hitting $390.85. 432,414 shares of the company’s stock traded hands, compared to its average volume of 472,190. O’Reilly Automotive has a 1 year low of $314.14 and a 1 year high of $414.63. The stock has a market capitalization of $31.19 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.64 and a beta of 0.73. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.10 and a current ratio of 0.85. The firm has a fifty day moving average of $382.91 and a 200 day moving average of $381.33.



O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $4.28 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that O’Reilly Automotive will post 17.54 earnings per share for the current year.

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro purchased 150 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $368.33 per share, for a total transaction of $55,249.50. Following the purchase, the senior vice president now directly owns 422 shares of the company’s stock, valued at approximately $155,435.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Raymond Murphy sold 122 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $385.92, for a total value of $47,082.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,773 shares of company stock valued at $669,481. 2.52% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ORLY. World Asset Management Inc raised its holdings in O’Reilly Automotive by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,826 shares of the specialty retailer’s stock valued at $2,152,000 after buying an additional 26 shares during the period. North American Management Corp raised its holdings in O’Reilly Automotive by 4.6% during the 2nd quarter. North American Management Corp now owns 614 shares of the specialty retailer’s stock valued at $227,000 after buying an additional 27 shares during the period. Hotaling Investment Management LLC raised its holdings in O’Reilly Automotive by 0.6% during the 2nd quarter. Hotaling Investment Management LLC now owns 5,150 shares of the specialty retailer’s stock valued at $1,902,000 after buying an additional 32 shares during the period. Squar Milner Financial Services LLC raised its holdings in O’Reilly Automotive by 80.5% during the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 33 shares during the period. Finally, Shine Investment Advisory Services Inc. increased its stake in O’Reilly Automotive by 65.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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

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