O’Reilly Automotive (NASDAQ:ORLY) Coverage Initiated by Analysts at Truist Securities

Truist Securities initiated coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note issued to investors on Thursday, Analyst Price Targets reports. The firm issued a buy rating and a $796.00 price target on the specialty retailer’s stock. Truist Securities also issued estimates for O’Reilly Automotive’s Q4 2021 earnings at $6.01 EPS, FY2021 earnings at $29.50 EPS, Q1 2022 earnings at $6.97 EPS, Q2 2022 earnings at $8.75 EPS, Q3 2022 earnings at $8.64 EPS, Q4 2022 earnings at $6.63 EPS, FY2022 earnings at $31.00 EPS, Q1 2023 earnings at $7.96 EPS, Q2 2023 earnings at $9.68 EPS, Q3 2023 earnings at $9.54 EPS, Q4 2023 earnings at $7.35 EPS and FY2023 earnings at $34.55 EPS.

A number of other research firms have also issued reports on ORLY. Truist Financial initiated coverage on shares of O’Reilly Automotive in a research report on Thursday. They set a buy rating and a $796.00 price target for the company. Morgan Stanley raised their price target on shares of O’Reilly Automotive from $630.00 to $675.00 and gave the stock an equal weight rating in a research report on Friday, October 29th. Wedbush raised their price target on shares of O’Reilly Automotive from $590.00 to $650.00 and gave the stock a neutral rating in a research report on Thursday, October 28th. Zacks Investment Research lowered shares of O’Reilly Automotive from a buy rating to a hold rating and set a $651.00 price target for the company. in a research report on Tuesday, November 2nd. Finally, DA Davidson raised their price target on shares of O’Reilly Automotive from $640.00 to $700.00 and gave the stock a neutral rating in a research report on Thursday, December 30th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $687.44.

ORLY stock traded down $6.03 during trading on Thursday, reaching $681.71. The company had a trading volume of 9,524 shares, compared to its average volume of 386,783. The firm has a 50-day simple moving average of $667.52 and a 200-day simple moving average of $627.42. The company has a market cap of $45.93 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.15 and a current ratio of 0.76. O’Reilly Automotive has a twelve month low of $424.03 and a twelve month high of $710.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Tuesday, October 26th. The specialty retailer reported $8.07 EPS for the quarter, topping analysts’ consensus estimates of $6.99 by $1.08. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.30 billion. O’Reilly Automotive had a net margin of 15.85% and a return on equity of 3,880.90%. O’Reilly Automotive’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business earned $7.07 EPS. Sell-side analysts expect that O’Reilly Automotive will post 29.57 earnings per share for the current year.

In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves sold 400 shares of O’Reilly Automotive stock in a transaction on Friday, November 19th. The shares were sold at an average price of $638.52, for a total transaction of $255,408.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 5,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $645.95, for a total transaction of $3,229,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 29,458 shares of company stock valued at $19,105,646. 2.11% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Resources Management Corp CT ADV boosted its stake in O’Reilly Automotive by 0.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 6,312 shares of the specialty retailer’s stock worth $3,857,000 after purchasing an additional 16 shares during the last quarter. Avalon Investment & Advisory boosted its position in shares of O’Reilly Automotive by 1.0% during the 3rd quarter. Avalon Investment & Advisory now owns 1,776 shares of the specialty retailer’s stock valued at $1,085,000 after acquiring an additional 17 shares during the last quarter. Regentatlantic Capital LLC boosted its position in shares of O’Reilly Automotive by 1.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 1,294 shares of the specialty retailer’s stock valued at $733,000 after acquiring an additional 18 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in shares of O’Reilly Automotive by 1.2% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 1,473 shares of the specialty retailer’s stock valued at $900,000 after acquiring an additional 18 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its position in shares of O’Reilly Automotive by 8.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 224 shares of the specialty retailer’s stock valued at $137,000 after acquiring an additional 18 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

O’Reilly Automotive Company Profile

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. The company 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 comprising 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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Analyst Recommendations for O'Reilly Automotive (NASDAQ:ORLY)

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