Morgan Stanley Issues Positive Forecast for O'Reilly Automotive (NASDAQ:ORLY) Stock Price

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) had its target price upped by stock analysts at Morgan Stanley from $105.00 to $115.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the specialty retailer's stock. Morgan Stanley's price objective would indicate a potential upside of 13.63% from the company's previous close.

A number of other analysts have also recently commented on the stock. DA Davidson boosted their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI boosted their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Wolfe Research started coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 target price for the company. Citigroup boosted their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Truist Financial boosted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.12.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock opened at $101.21 on Thursday. The firm has a 50-day simple moving average of $103.73 and a two-hundred day simple moving average of $96.48. The company has a market cap of $85.88 billion, a P/E ratio of 36.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. O'Reilly Automotive has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.41 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities research analysts forecast that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Activity

In other news, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the transaction, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares of the company's stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

Institutional Trading of O'Reilly Automotive

Institutional 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 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC increased its holdings in O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in O'Reilly Automotive in the 1st quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in O'Reilly Automotive during the 1st quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC acquired a new stake in O'Reilly Automotive during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 85.00% of the company's stock.

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.

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