O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $114.00 at Citigroup

Key Points

• Citigroup has raised its target price for O'Reilly Automotive stock from $104 to $114, suggesting a potential upside of 16.73% from the current prices.
• O'Reilly Automotive has received a consensus "Buy" rating from analysts, with 16 analysts rating it a buy and only two issuing a strong buy rating.
• In recent trading, O'Reilly Automotive's stock has fluctuated with a current price of $97.66, having a market capitalization of $83.48 billion and a price-to-earnings ratio of 34.91.

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price target upped by Citigroup from $104.00 to $114.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

ORLY has been the subject of a number of other research reports. Barclays reaffirmed an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday. Mizuho upped their price target on O'Reilly Automotive from $93.33 to $96.33 and gave the company an "outperform" rating in a research report on Friday, April 25th. Truist Financial increased their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday. UBS Group increased their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $102.22.

O'Reilly Automotive Stock Up 1.6%

Shares of NASDAQ ORLY traded up $1.57 during midday trading on Friday, reaching $98.90. The company had a trading volume of 4,921,291 shares, compared to its average volume of 4,323,797. O'Reilly Automotive has a one year low of $73.11 and a one year high of $100.10. The firm's fifty day moving average price is $91.39 and its 200-day moving average price is $90.01. The stock has a market cap of $84.54 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 EPS. As a group, equities research analysts expect that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total transaction of $25,686.29. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $91.93, for a total value of $275,800.00. Following the sale, the director owned 4,560 shares in the company, valued at approximately $419,216. This represents a 39.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,285 shares of company stock worth $3,022,386. Insiders own 1.01% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

A number of institutional investors and hedge funds have recently modified their holdings of ORLY. William Blair Investment Management LLC boosted its stake in shares of O'Reilly Automotive by 1,269.2% in the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock worth $319,428,000 after buying an additional 3,285,249 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of O'Reilly Automotive by 1,214.0% in the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after buying an additional 1,994,449 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after buying an additional 1,821,202 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after buying an additional 1,573,010 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of O'Reilly Automotive by 1,385.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after buying an additional 1,474,068 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.