O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,275.00 at DA Davidson

O’Reilly Automotive (NASDAQ:ORLY) had its price objective boosted by DA Davidson from $1,200.00 to $1,275.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock. DA Davidson also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.71 EPS, FY2024 earnings at $41.08 EPS and FY2025 earnings at $45.91 EPS.

Other equities research analysts have also recently issued reports about the company. Wedbush restated a neutral rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, July 25th. Evercore ISI lowered their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating on the stock in a report on Tuesday, July 16th. UBS Group reduced their price objective on shares of 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. Royal Bank of Canada cut their price target on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an outperform rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an overweight rating for the company in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $1,130.67.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,118.19 on Friday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The company has a 50-day moving average of $1,023.82 and a 200 day moving average of $1,048.96. The firm has a market cap of $65.85 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.22 earnings per share. Sell-side analysts anticipate that O’Reilly Automotive will post 41.07 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at approximately $30,016,543.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brad W. Beckham sold 6,032 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in O’Reilly Automotive in the 1st quarter worth about $36,000. Newbridge Financial Services Group Inc. acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $37,000. Indiana Trust & Investment Management CO lifted its position in shares of O’Reilly Automotive by 325.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co acquired a new stake in O’Reilly Automotive in the 1st quarter valued at $41,000. Finally, Crewe Advisors LLC purchased a new stake in O’Reilly Automotive in the 1st quarter worth $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.