Analysts Set O’Reilly Automotive, Inc. (NASDAQ:ORLY) Target Price at $103.38

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) have been given an average rating of “Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $104.40.

A number of equities analysts recently weighed in on the company. Argus assumed coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Citigroup increased their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company increased their price target on O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Truist Financial increased their price target on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Guggenheim increased their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th.

O’Reilly Automotive Stock Down 0.5%

Shares of ORLY stock opened at $102.31 on Friday. The stock has a 50-day simple moving average of $95.50 and a 200 day simple moving average of $92.30. O’Reilly Automotive has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The stock has a market capitalization of $86.81 billion, a P/E ratio of 36.57, a P/E/G ratio of 2.72 and a beta of 0.56.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the company posted $10.55 EPS. O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts anticipate that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.6967, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president directly owned 240 shares of the company’s stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,920 shares of company stock worth $15,487,502. 1.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds have recently bought and sold shares of ORLY. Bank Pictet & Cie Europe AG lifted its stake in O’Reilly Automotive by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer’s stock worth $41,848,000 after acquiring an additional 1,208 shares in the last quarter. Mariner LLC lifted its holdings in shares of O’Reilly Automotive by 1.7% during the 4th quarter. Mariner LLC now owns 10,298 shares of the specialty retailer’s stock valued at $12,211,000 after buying an additional 175 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of O’Reilly Automotive during the 4th quarter valued at about $243,000. NewEdge Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 1.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,154 shares of the specialty retailer’s stock valued at $4,926,000 after buying an additional 76 shares during the last quarter. Finally, Forum Financial Management LP lifted its holdings in shares of O’Reilly Automotive by 1.5% during the 4th quarter. Forum Financial Management LP now owns 623 shares of the specialty retailer’s stock valued at $739,000 after buying an additional 9 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

O’Reilly Automotive Company Profile

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.