Evercore ISI Issues Positive Forecast for O'Reilly Automotive (NASDAQ:ORLY) Stock Price

Key Points

• Evercore ISI has raised its target price for O'Reilly Automotive's stock from $108.00 to $110.00, indicating a potential upside of 6.18% from the previous close.
• Other analysts have also increased their price targets, with DA Davidson setting it at $115.00 and Citigroup at $114.00, reflecting a strong overall confidence in the stock.
• O'Reilly Automotive reported a net margin of 14.15% and quarterly revenue of $4.53 billion, marking a 5.9% increase year-over-year.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price boosted by investment analysts at Evercore ISI from $108.00 to $110.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the specialty retailer's stock. Evercore ISI's target price suggests a potential upside of 8.33% from the stock's previous close.

A number of other equities analysts have also commented on ORLY. Mizuho lifted their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Royal Bank Of Canada upped their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Guggenheim boosted their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays reissued an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $103.38.

O'Reilly Automotive Price Performance

ORLY traded up $0.04 during trading on Tuesday, reaching $101.54. 4,280,227 shares of the stock traded hands, compared to its average volume of 5,051,666. The stock has a market cap of $86.16 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56. O'Reilly Automotive has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The stock's 50-day simple moving average is $94.27 and its two-hundred day simple moving average is $91.76.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the company earned $10.55 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the transaction, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. This trade represents a 99.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,920 shares of company stock worth $15,763,302. 1.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Several hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in O'Reilly Automotive by 723.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 64,215 shares of the specialty retailer's stock valued at $5,788,000 after purchasing an additional 56,416 shares during the last quarter. FORA Capital LLC lifted its stake in O'Reilly Automotive by 1,073.2% in the 2nd quarter. FORA Capital LLC now owns 8,529 shares of the specialty retailer's stock valued at $769,000 after purchasing an additional 7,802 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in O'Reilly Automotive by 1,426.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,206 shares of the specialty retailer's stock valued at $830,000 after purchasing an additional 8,603 shares during the last quarter. Systematic Alpha Investments LLC lifted its stake in O'Reilly Automotive by 1,400.0% in the 2nd quarter. Systematic Alpha Investments LLC now owns 27,000 shares of the specialty retailer's stock valued at $2,434,000 after purchasing an additional 25,200 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in O'Reilly Automotive by 1,398.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 773,610 shares of the specialty retailer's stock valued at $69,808,000 after purchasing an additional 721,997 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

About O'Reilly Automotive

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.