Analysts Set O'Reilly Automotive, Inc. (NASDAQ:ORLY) Target Price at $1,110.07

Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1,110.07.

ORLY has been the subject of several recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $1,100.00 price objective on shares of O'Reilly Automotive in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Evercore ISI lowered their price objective on shares of O'Reilly Automotive from $1,220.00 to $1,200.00 and set an "outperform" rating for the company in a research note on Friday. Royal Bank of Canada upped their price objective on shares of O'Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Finally, Truist Financial lowered their price objective on shares of O'Reilly Automotive from $1,234.00 to $1,212.00 and set a "buy" rating for the company in a research note on Friday.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock traded down $10.20 during mid-day trading on Friday, hitting $1,043.93. The company's stock had a trading volume of 335,739 shares, compared to its average volume of 330,021. The stock has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. The business has a 50 day moving average price of $1,097.20 and a 200-day moving average price of $1,016.90. O'Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping the consensus estimate of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, equities research analysts expect that O'Reilly Automotive will post 41.79 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In related news, Chairman David E. Oreilly sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company's stock, valued at $228,141,159.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other O'Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total value of $10,535,800.00. Following the completion of the sale, the chairman now owns 216,539 shares of the company's stock, valued at approximately $228,141,159.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 269 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now directly owns 950 shares of the company's stock, valued at approximately $987,316. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock valued at $27,269,333 over the last 90 days. Corporate insiders own 1.55% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of O'Reilly Automotive by 15.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer's stock worth $1,587,784,000 after acquiring an additional 183,296 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of O'Reilly Automotive by 7.6% during the 4th quarter. Jennison Associates LLC now owns 947,484 shares of the specialty retailer's stock worth $900,186,000 after acquiring an additional 66,629 shares during the last quarter. Invesco Ltd. boosted its stake in shares of O'Reilly Automotive by 3.7% during the 3rd quarter. Invesco Ltd. now owns 888,110 shares of the specialty retailer's stock worth $807,168,000 after acquiring an additional 31,487 shares during the last quarter. Norges Bank purchased a new position in shares of O'Reilly Automotive during the 4th quarter worth $671,384,000. Finally, Northern Trust Corp boosted its stake in shares of O'Reilly Automotive by 3.5% during the 3rd quarter. Northern Trust Corp now owns 683,547 shares of the specialty retailer's stock worth $621,249,000 after acquiring an additional 23,016 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

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.