O’Reilly Automotive (NASDAQ:ORLY) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Several other equities research analysts have also issued reports on ORLY. ValuEngine upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Credit Suisse Group raised their price target on shares of O’Reilly Automotive from $274.00 to $294.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Wedbush raised their price target on shares of O’Reilly Automotive from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Stephens restated a “buy” rating and set a $350.00 price target on shares of O’Reilly Automotive in a research note on Friday, July 27th. Finally, Wells Fargo & Co restated a “buy” rating and set a $345.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $340.63.

O’Reilly Automotive stock opened at $336.07 on Wednesday. O’Reilly Automotive has a 52 week low of $214.87 and a 52 week high of $363.20. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.39 and a beta of 1.07.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.49 billion. As a group, sell-side analysts expect that O’Reilly Automotive will post 16.1 earnings per share for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a share repurchase plan on Tuesday, November 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

In related news, SVP Jeffrey Alan Lauro sold 12,526 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $351.06, for a total value of $4,397,377.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Adam Fletcher sold 2,500 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the transaction, the senior vice president now owns 3,428 shares of the company’s stock, valued at $1,148,380. The disclosure for this sale can be found here. Insiders sold a total of 21,587 shares of company stock valued at $7,406,281 over the last quarter. 3.07% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co boosted its holdings in O’Reilly Automotive by 0.3% in the 3rd quarter. CENTRAL TRUST Co now owns 44,479 shares of the specialty retailer’s stock valued at $15,449,000 after purchasing an additional 154 shares during the period. Acropolis Investment Management LLC boosted its holdings in O’Reilly Automotive by 10.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 1,646 shares of the specialty retailer’s stock valued at $572,000 after purchasing an additional 158 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in O’Reilly Automotive by 4.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,471 shares of the specialty retailer’s stock valued at $950,000 after purchasing an additional 160 shares during the period. Levin Capital Strategies L.P. boosted its holdings in O’Reilly Automotive by 10.1% in the 3rd quarter. Levin Capital Strategies L.P. now owns 1,741 shares of the specialty retailer’s stock valued at $605,000 after purchasing an additional 160 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in O’Reilly Automotive by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,243 shares of the specialty retailer’s stock valued at $1,709,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 85.89% of the company’s stock.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, 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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