Truist Financial Begins Coverage on O’Reilly Automotive (NASDAQ:ORLY)

Analysts at Truist Financial initiated coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note issued on Thursday, Analyst Price Targets reports. The brokerage set a “buy” rating and a $796.00 price target on the specialty retailer’s stock. Truist Financial’s price objective indicates a potential upside of 17.25% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Stephens raised their target price on O’Reilly Automotive from $690.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, October 29th. Bank of America cut O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 target price for the company. in a research note on Friday, September 17th. They noted that the move was a valuation call. Citigroup raised their target price on O’Reilly Automotive from $650.00 to $675.00 and gave the company a “neutral” rating in a research note on Thursday, October 28th. DA Davidson raised their target price on O’Reilly Automotive from $640.00 to $700.00 and gave the company a “neutral” rating in a research note on Thursday, December 30th. Finally, Wells Fargo & Company upped their target price on O’Reilly Automotive from $715.00 to $780.00 in a report on Wednesday, January 5th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and a consensus target price of $687.44.

NASDAQ:ORLY opened at $678.87 on Thursday. O’Reilly Automotive has a 1 year low of $424.03 and a 1 year high of $710.86. The stock has a market cap of $45.74 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.65 and a beta of 1.01. The business has a fifty day moving average of $668.34 and a 200-day moving average of $628.24. 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 (NASDAQ:ORLY) last released its quarterly earnings results on Tuesday, October 26th. The specialty retailer reported $8.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.99 by $1.08. O’Reilly Automotive had a return on equity of 3,880.90% and a net margin of 15.85%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the prior year, the business posted $7.07 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that O’Reilly Automotive will post 29.57 EPS for the current year.

In other news, CFO Thomas Mcfall sold 7,534 shares of the stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $647.18, for a total transaction of $4,875,854.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey Lynn Groves sold 400 shares of the stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $638.52, for a total value of $255,408.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,458 shares of company stock worth $19,105,646. Insiders own 2.11% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV increased its holdings in shares of 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 valued at $3,857,000 after acquiring an additional 16 shares during the last quarter. Avalon Investment & Advisory increased its holdings 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 grew its holdings in O’Reilly Automotive by 1.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 1,294 shares of the specialty retailer’s stock valued at $733,000 after buying an additional 18 shares during the last quarter. Stock Yards Bank & Trust Co. grew its holdings in O’Reilly Automotive by 1.2% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 1,473 shares of the specialty retailer’s stock valued at $900,000 after buying an additional 18 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC grew its holdings in O’Reilly Automotive by 8.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 224 shares of the specialty retailer’s stock valued at $137,000 after buying an additional 18 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

About O’Reilly Automotive

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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