O’Reilly Automotive (NASDAQ:ORLY) PT Raised to $1,240.00 at Evercore ISI

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) had its target price boosted by equities researchers at Evercore ISI from $1,235.00 to $1,240.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 8.59% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Truist Financial raised their target price on shares of O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the company a “buy” rating in a report on Tuesday. Stephens reissued an “overweight” rating and issued a $1,060.00 target price on shares of O’Reilly Automotive in a report on Tuesday, December 19th. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Wedbush raised their target price on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company raised their target price on shares of O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.76.

Read Our Latest Stock Analysis on O’Reilly Automotive

O’Reilly Automotive Stock Performance

ORLY traded up $11.67 during trading on Tuesday, reaching $1,141.95. 50,900 shares of the company traded hands, compared to its average volume of 373,599. O’Reilly Automotive has a 12-month low of $851.22 and a 12-month high of $1,169.11. The firm has a fifty day simple moving average of $1,074.16 and a 200 day simple moving average of $992.02. The company has a market cap of $67.42 billion, a P/E ratio of 29.65, a PEG ratio of 2.05 and a beta of 0.86.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the firm posted $8.37 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that O’Reilly Automotive will post 42.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman David E. Oreilly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the sale, the senior vice president now directly owns 963 shares of the company’s stock, valued at $1,000,200.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Insiders sold a total of 27,468 shares of company stock valued at $28,769,333 over the last three months. 1.55% of the stock is owned by company insiders.

Institutional Trading of O’Reilly Automotive

Several hedge funds have recently modified their holdings of ORLY. Cibc World Market Inc. increased its holdings in shares of O’Reilly Automotive by 305.4% during the first quarter. Cibc World Market Inc. now owns 3,231 shares of the specialty retailer’s stock valued at $2,213,000 after acquiring an additional 2,434 shares in the last quarter. Sei Investments Co. lifted its position in shares of O’Reilly Automotive by 51.3% during the 1st quarter. Sei Investments Co. now owns 15,850 shares of the specialty retailer’s stock valued at $10,894,000 after buying an additional 5,376 shares in the last quarter. Prudential PLC purchased a new position in O’Reilly Automotive in the 1st quarter valued at $1,847,000. Cetera Investment Advisers lifted its holdings in O’Reilly Automotive by 48.9% in the 1st quarter. Cetera Investment Advisers now owns 1,960 shares of the specialty retailer’s stock valued at $1,343,000 after purchasing an additional 644 shares in the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of O’Reilly Automotive by 11.4% during the 1st quarter. Moors & Cabot Inc. now owns 382 shares of the specialty retailer’s stock worth $262,000 after acquiring an additional 39 shares during the period. 85.00% of the stock is 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, 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.

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