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

Truist Securities assumed coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note released on Thursday, Analyst Ratings Network reports. The brokerage issued a buy rating and a $796.00 target price 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.

Several other equities research analysts also recently weighed in on the company. DA Davidson increased their price objective on O’Reilly Automotive from $640.00 to $700.00 and gave the company a neutral rating in a report on Thursday, December 30th. Edward Jones downgraded O’Reilly Automotive from a buy rating to a hold rating in a report on Wednesday, January 5th. Wedbush increased their price target on O’Reilly Automotive from $590.00 to $650.00 and gave the stock a neutral rating in a report on Thursday, October 28th. Stephens increased their price target on O’Reilly Automotive from $690.00 to $715.00 and gave the stock an overweight rating in a report on Friday, October 29th. Finally, Zacks Investment Research downgraded O’Reilly Automotive from a buy rating to a hold rating and set a $651.00 price target for the company. in a report on Tuesday, November 2nd. Ten 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 an average rating of Buy and a consensus target price of $687.44.

ORLY traded down $6.03 on Thursday, reaching $681.71. The company’s stock had a trading volume of 9,524 shares, compared to its average volume of 386,783. The stock has a 50 day moving average of $667.52 and a two-hundred day moving average of $627.42. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 17.57. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.64 and a beta of 1.01. O’Reilly Automotive has a fifty-two week low of $424.03 and a fifty-two week high of $710.86.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Tuesday, October 26th. The specialty retailer reported $8.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.99 by $1.08. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.30 billion. O’Reilly Automotive had a return on equity of 3,880.90% and a net margin of 15.85%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $7.07 earnings per share. As a group, analysts anticipate that O’Reilly Automotive will post 29.57 earnings per share for the current fiscal year.

In other news, CFO Thomas Mcfall sold 7,534 shares of the firm’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $647.18, for a total value of $4,875,854.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeff M. Shaw sold 9,024 shares of the firm’s stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $654.96, for a total value of $5,910,359.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,458 shares of company stock valued at $19,105,646. Company insiders own 2.11% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Amundi purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $557,951,000. Putnam Investments LLC increased its position in O’Reilly Automotive by 197.7% during the 2nd quarter. Putnam Investments LLC now owns 932,089 shares of the specialty retailer’s stock worth $527,758,000 after purchasing an additional 619,025 shares in the last quarter. JPMorgan Chase & Co. increased its position in O’Reilly Automotive by 13.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,809,244 shares of the specialty retailer’s stock worth $1,590,622,000 after purchasing an additional 341,969 shares in the last quarter. FMR LLC increased its position in O’Reilly Automotive by 90.3% during the 2nd quarter. FMR LLC now owns 385,041 shares of the specialty retailer’s stock worth $218,014,000 after purchasing an additional 182,707 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in O’Reilly Automotive during the 2nd quarter worth about $87,768,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

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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