O’Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $1,234.00 at Truist Financial

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its price target lifted by Truist Financial from $1,149.00 to $1,234.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other equities analysts also recently weighed in on ORLY. TD Cowen increased their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an outperform rating in a research note on Friday, December 8th. Stephens reiterated an overweight rating and issued a $1,060.00 price target on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Wells Fargo & Company lifted their price target on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an overweight rating in a report on Monday, March 25th. Wedbush lifted their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a report on Thursday, February 8th. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $1,090.76.

View Our Latest Stock Report on ORLY

O’Reilly Automotive Trading Up 0.9 %

Shares of ORLY opened at $1,140.21 on Tuesday. The firm’s 50-day moving average is $1,076.05 and its two-hundred day moving average is $993.36. O’Reilly Automotive has a twelve month low of $851.22 and a twelve month high of $1,169.11. The firm has a market capitalization of $67.32 billion, a P/E ratio of 29.63, a PEG ratio of 2.05 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $8.37 earnings per share. Analysts predict that O’Reilly Automotive will post 42.09 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the transaction, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,468 shares of company stock worth $28,769,333. Company insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Kapitalo Investimentos Ltda raised its position in shares of O’Reilly Automotive by 13.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 254 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 30 shares during the period. Nomura Holdings Inc. acquired a new position in shares of O’Reilly Automotive in the fourth quarter worth about $1,131,000. HighPoint Advisor Group LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $776,000. Sivia Capital Partners LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $252,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $505,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Company Profile

(Get Free Report)

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.

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

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