O’Reilly Automotive (NASDAQ:ORLY) Rating Increased to Strong-Buy at Wolfe Research

Wolfe Research upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts have also issued research reports about the company. Evercore ISI set a $110.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 24th. Barclays set a $91.00 price objective on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday, October 27th. TD Cowen upped their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Baird R W raised shares of O’Reilly Automotive to a “strong-buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $112.05.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $91.75 on Monday. The company’s fifty day moving average is $97.52 and its two-hundred day moving average is $98.27. O’Reilly Automotive has a 52-week low of $78.30 and a 52-week high of $108.71. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.14 and a beta of 0.61.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the company earned $11.41 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, sell-side analysts expect that O’Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the sale, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. This trade represents a 42.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. The trade was a 98.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,980 shares of company stock worth $882,335. Insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brant Point Investment Management LLC raised its position in shares of O’Reilly Automotive by 1,244.7% during the second quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock worth $13,476,000 after acquiring an additional 138,401 shares during the last quarter. Ameritas Advisory Services LLC increased its position in O’Reilly Automotive by 1,898.1% in the second quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 2,961 shares during the period. Oxbow Advisors LLC raised its holdings in O’Reilly Automotive by 785.7% during the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Providence First Trust Co raised its holdings in O’Reilly Automotive by 1,433.6% during the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in O’Reilly Automotive by 7,192.8% during the 2nd quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock valued at $40,989,000 after purchasing an additional 448,545 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.