O’Reilly Automotive (NASDAQ:ORLY) Lifted to Buy at StockNews.com

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other analysts have also recently issued reports on ORLY. The Goldman Sachs Group upped their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Wells Fargo & Company upped their target price on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Royal Bank of Canada upped their price objective on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Stephens reaffirmed an “overweight” rating and set a $1,060.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Finally, Truist Financial upped their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,089.59.

O’Reilly Automotive Stock Up 0.5 %

Shares of NASDAQ ORLY opened at $1,094.80 on Tuesday. The stock has a market cap of $64.63 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.94 and a beta of 0.86. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The business has a 50-day moving average price of $1,091.08 and a 200 day moving average price of $1,007.49.

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

Insider Buying and Selling

In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive 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 completion of 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 legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of O’Reilly Automotive 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 completion of 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On O’Reilly Automotive

Several hedge funds have recently bought and sold shares of the stock. Deltec Asset Management LLC purchased a new position in O’Reilly Automotive during the first quarter worth $847,000. Cornerstone Wealth Group LLC purchased a new position in O’Reilly Automotive during the first quarter worth $243,000. MCF Advisors LLC increased its position in O’Reilly Automotive by 12.3% during the first quarter. MCF Advisors LLC now owns 912 shares of the specialty retailer’s stock worth $1,030,000 after buying an additional 100 shares in the last quarter. Toth Financial Advisory Corp grew its position in shares of O’Reilly Automotive by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 4,164 shares of the specialty retailer’s stock valued at $4,701,000 after purchasing an additional 86 shares during the period. Finally, Hodges Capital Management Inc. grew its position in shares of O’Reilly Automotive by 4.1% in the first quarter. Hodges Capital Management Inc. now owns 485 shares of the specialty retailer’s stock valued at $548,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors 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.