February 9, 2023

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O’Reilly Automotive (NASDAQ:ORLY) Reaches New 12-Month High Following Analyst Upgrade

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) reached a new 52-week high on Tuesday after Guggenheim raised their price target on the stock to $823.00. The stock traded as high as $748.86 and last traded at $748.75, with a volume of 7409 shares traded. The stock had previously closed at $737.96.

Other equities research analysts also recently issued reports about the company. MKM Partners lifted their target price on O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Stephens lifted their price objective on shares of O’Reilly Automotive from $765.00 to $800.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Bank of America raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 target price on the stock in a research note on Tuesday, May 10th. DA Davidson lifted their price target on shares of O’Reilly Automotive from $740.00 to $815.00 in a research note on Friday, July 29th. Finally, Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $806.00 to $795.00 in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $754.50.

Insiders Place Their Bets

In related news, SVP Jeffrey Lynn Groves purchased 175 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $572.77 per share, with a total value of $100,234.75. Following the transaction, the senior vice president now owns 721 shares of the company’s stock, valued at approximately $412,967.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $739.38, for a total transaction of $3,696,900.00. Following the transaction, the director now owns 82,283 shares of the company’s stock, valued at approximately $60,838,404.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey Lynn Groves bought 175 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the purchase, the senior vice president now directly owns 721 shares in the company, valued at $412,967.17. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,944 shares of company stock valued at $33,105,798. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of O’Reilly Automotive

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A number of hedge funds have recently bought and sold shares of the business. Rosenberg Matthew Hamilton lifted its holdings in shares of O’Reilly Automotive by 14.2% during the second quarter. Rosenberg Matthew Hamilton now owns 121 shares of the specialty retailer’s stock valued at $77,000 after purchasing an additional 15 shares in the last quarter. Monetary Management Group Inc. lifted its stake in O’Reilly Automotive by 0.3% during the 2nd quarter. Monetary Management Group Inc. now owns 5,080 shares of the specialty retailer’s stock valued at $3,209,000 after acquiring an additional 15 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of O’Reilly Automotive by 2.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 564 shares of the specialty retailer’s stock valued at $357,000 after acquiring an additional 15 shares during the last quarter. WoodTrust Financial Corp grew its stake in shares of 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. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of 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. 82.76% of the stock is currently owned by institutional investors.

O’Reilly Automotive Stock Up 0.6 %

The stock has a market capitalization of $47.02 billion, a PE ratio of 23.46, a PEG ratio of 1.86 and a beta of 1.00. The firm’s fifty day moving average price is $663.00 and its two-hundred day moving average price is $663.69.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last announced its earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share for the quarter, missing analysts’ consensus estimates of $8.98 by ($0.20). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a net margin of 15.55% and a negative return on equity of 520.10%. O’Reilly Automotive’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.33 earnings per share. As a group, analysts predict that O’Reilly Automotive, Inc. will post 31.56 EPS for the current year.

O’Reilly Automotive Company Profile

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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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