O'Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Rating of "Moderate Buy" by Analysts

Apr 27, 2023

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Rating) has been given a consensus rating of "Moderate Buy" by the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $945.93.

Several brokerages recently issued reports on ORLY. Roth Capital reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Wednesday, February 8th. Oppenheimer boosted their target price on shares of O'Reilly Automotive from $800.00 to $890.00 and gave the company an "outperform" rating in a report on Friday, February 10th. 1-800-FLOWERS.COM reiterated a "maintains" rating on shares of O'Reilly Automotive in a report on Friday, April 28th. Wells Fargo & Company boosted their target price on shares of O'Reilly Automotive from $925.00 to $985.00 and gave the company an "overweight" rating in a report on Monday, April 17th. Finally, Evercore ISI boosted their target price on shares of O'Reilly Automotive from $945.00 to $950.00 in a report on Tuesday, April 25th.

ORLY stock opened at $883.11 on Thursday. The stock has a market capitalization of $53.76 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.84 and a beta of 0.88. The firm has a 50-day simple moving average of $909.17 and a 200-day simple moving average of $855.85. O'Reilly Automotive has a 52 week low of $580.01 and a 52 week high of $964.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Rating) last released its earnings results on Thursday, April 27th. The specialty retailer reported $8.28 EPS for the quarter, topping analysts' consensus estimates of $8.00 by $0.28. O'Reilly Automotive had a net margin of 14.90% and a negative return on equity of 176.66%. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the previous year, the company earned $7.17 earnings per share. The company's quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect that O'Reilly Automotive will post 37.16 earnings per share for the current year.

In other O'Reilly Automotive news, SVP Jeffrey Alan Lauro sold 740 shares of the stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $890.00, for a total value of $658,600.00. Following the sale, the senior vice president now directly owns 773 shares of the company's stock, valued at approximately $687,970. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Jeffrey Alan Lauro sold 740 shares of the stock in a transaction on Friday, April 14th. The shares were sold at an average price of $890.00, for a total value of $658,600.00. Following the transaction, the senior vice president now directly owns 773 shares of the company's stock, valued at approximately $687,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David E. Oreilly sold 5,000 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $925.55, for a total transaction of $4,627,750.00. Following the completion of the transaction, the chairman now directly owns 56,757 shares in the company, valued at $52,531,441.35. The disclosure for this sale can be found here. Insiders have sold a total of 45,183 shares of company stock valued at $42,243,407 in the last ninety days. Company insiders own 1.55% of the company's stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. Romano Brothers AND Company acquired a new position in O'Reilly Automotive during the fourth quarter worth about $27,000. Ancora Advisors LLC acquired a new position in O'Reilly Automotive during the fourth quarter worth about $30,000. Venturi Wealth Management LLC acquired a new position in O'Reilly Automotive during the first quarter worth about $31,000. HHM Wealth Advisors LLC acquired a new position in O'Reilly Automotive during the first quarter worth about $33,000. Finally, Arlington Partners LLC raised its position in O'Reilly Automotive by 616.7% during the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 90.50% of the company's stock.

O'Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. It provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts, maintenance items consisting of oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products, and accessories, such as floor mats, seat covers, and truck accessories.

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