Guggenheim Raises O'Reilly Automotive (NASDAQ:ORLY) Price Target to $110.00

Key Points

• Guggenheim analysts have raised the target price for O'Reilly Automotive (NASDAQ:ORLY) from $98.00 to $110.00, suggesting a potential upside of 12.06% from its current price.
• A majority of analysts have rated O'Reilly Automotive as a "buy," with fifteen analysts issuing buy ratings and only two rating it as a strong buy.
• O'Reilly Automotive recently reported earnings per share (EPS) of $0.78, matching consensus estimates, with a revenue of $4.53 billion for the quarter.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price boosted by equities research analysts at Guggenheim from $98.00 to $110.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the specialty retailer's stock. Guggenheim's target price would indicate a potential upside of 12.06% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. BMO Capital Markets increased their target price on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. UBS Group raised their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Barclays raised their price objective on shares of O'Reilly Automotive from $83.33 to $86.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $97.46.

O'Reilly Automotive Stock Up 2.9%

NASDAQ ORLY opened at $98.16 on Friday. The firm has a market cap of $83.91 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58. The company has a 50 day moving average price of $91.19 and a 200 day moving average price of $89.64. O'Reilly Automotive has a 52 week low of $70.05 and a 52 week high of $100.10.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 176.39%. O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.55 EPS. On average, equities research analysts anticipate that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the transaction, the senior vice president directly owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Najera Jose A. Montellano sold 285 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. Insiders sold 33,285 shares of company stock valued at $3,022,386 over the last 90 days. 1.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new stake in O'Reilly Automotive in the first quarter worth $25,000. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the first quarter valued at $26,000. Oakworth Capital Inc. increased its holdings in shares of O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 280 shares during the period. Finally, ORG Partners LLC grew its holdings in O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 277 shares during the period. 85.00% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.