O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,100.00 at Wedbush

O’Reilly Automotive (NASDAQ:ORLYFree Report) had its target price boosted by Wedbush from $940.00 to $1,100.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock. Wedbush also issued estimates for O’Reilly Automotive’s Q1 2024 earnings at $9.35 EPS, Q2 2024 earnings at $11.41 EPS, Q3 2024 earnings at $12.04 EPS, Q4 2024 earnings at $9.70 EPS, FY2024 earnings at $42.50 EPS, FY2025 earnings at $46.71 EPS and FY2026 earnings at $51.19 EPS.

Several other research analysts also recently issued reports on the company. Stephens reaffirmed an overweight rating and issued a $1,060.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, December 19th. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $1,125.00 to $1,200.00 and gave the company an overweight rating in a research note on Thursday. TD Cowen upped their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an outperform rating in a research note on Friday, December 8th. Truist Financial upped their price objective on O’Reilly Automotive from $1,068.00 to $1,080.00 and gave the company a buy rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on O’Reilly Automotive from $980.00 to $1,030.00 and gave the company an overweight rating in a report on Wednesday, October 18th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $1,056.44.

View Our Latest Report on O’Reilly Automotive

O’Reilly Automotive Stock Up 0.5 %

ORLY stock opened at $1,025.82 on Thursday. The company has a market cap of $60.69 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86. O’Reilly Automotive has a 52 week low of $795.74 and a 52 week high of $1,074.04. The business has a 50-day simple moving average of $981.65 and a 200 day simple moving average of $954.27.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm posted $8.37 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that O’Reilly Automotive will post 42.15 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In related news, Director Dana Perlman sold 100 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $974.24, for a total value of $97,424.00. Following the completion of the sale, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $1,166,165.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Dana Perlman sold 100 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $974.24, for a total value of $97,424.00. Following the completion of the sale, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $1,166,165.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several large investors have recently made changes to their positions in ORLY. Norges Bank purchased a new stake in shares of O’Reilly Automotive during the 4th quarter valued at $671,384,000. International Assets Investment Management LLC increased its position in shares of O’Reilly Automotive by 89,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 653,655 shares of the specialty retailer’s stock valued at $621,025,000 after purchasing an additional 652,924 shares during the last quarter. Morgan Stanley increased its position in shares of O’Reilly Automotive by 113.8% during the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after purchasing an additional 635,416 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of O’Reilly Automotive by 101,509.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 531,416 shares of the specialty retailer’s stock worth $448,531,000 after acquiring an additional 530,893 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of O’Reilly Automotive by 128.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after acquiring an additional 386,822 shares during the period. 82.92% of the stock is owned by hedge funds and other institutional investors.

About O’Reilly Automotive

(Get Free Report)

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 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.

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Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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