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O’Reilly Automotive (NASDAQ:ORLY) PT Raised to 5.00

O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $815.00

O’Reilly Automotive (NASDAQ:ORLYGet Rating) had its target price upped by stock analysts at DA Davidson from $740.00 to $815.00 in a research note issued on Friday, The Fly reports. DA Davidson’s price objective points to a potential upside of 15.83% from the company’s previous close. DA Davidson also issued estimates for O’Reilly Automotive’s Q3 2022 earnings at $8.30 EPS.

A number of other equities analysts also recently issued reports on ORLY. Citigroup reiterated a “maintains” rating on shares of O’Reilly Automotive in a research report on Friday. Morgan Stanley lowered their price target on O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating on the stock in a research report on Thursday. MKM Partners initiated coverage on O’Reilly Automotive in a report on Thursday, June 23rd. They set a “buy” rating and a $700.00 target price for the company. Wells Fargo & Company reduced their target price on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Finally, StockNews.com initiated coverage on O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus target price of $742.50.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $703.59 on Friday. O’Reilly Automotive has a one year low of $562.90 and a one year high of $748.68. The stock has a market capitalization of $46.24 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The business’s 50 day simple moving average is $641.35 and its two-hundred day simple moving average is $658.44.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.98 by ($0.20). The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.33 EPS. Sell-side analysts expect that O’Reilly Automotive will post 32.64 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, CFO Jeremy Adam Fletcher purchased 835 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the acquisition, the chief financial officer now owns 1,897 shares in the company, valued at $1,138,200. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves acquired 175 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the transaction, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Adam Fletcher acquired 835 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,897 shares of the company’s stock, valued at approximately $1,138,200. The disclosure for this purchase can be found here. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton grew its position in O’Reilly Automotive by 14.2% in the second quarter. Rosenberg Matthew Hamilton now owns 121 shares of the specialty retailer’s stock worth $77,000 after acquiring an additional 15 shares during the period. WoodTrust Financial Corp grew its position in O’Reilly Automotive by 1.0% in the second quarter. WoodTrust Financial Corp now owns 1,561 shares of the specialty retailer’s stock worth $987,000 after acquiring an additional 16 shares during the period. Farmers & Merchants Investments Inc. grew its position in O’Reilly Automotive by 24.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 82 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 16 shares during the period. Clarius Group LLC boosted its position in shares of O’Reilly Automotive by 1.8% during the fourth quarter. Clarius Group LLC now owns 969 shares of the specialty retailer’s stock worth $684,000 after buying an additional 17 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in shares of O’Reilly Automotive by 2.7% during the first quarter. Red Door Wealth Management LLC now owns 646 shares of the specialty retailer’s stock worth $442,000 after buying an additional 17 shares during the period. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive

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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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