O'Reilly Automotive, Inc. (NASDAQ:ORLY) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• O'Reilly Automotive, Inc. has an average consensus recommendation of "Buy", with 16 analysts assigning a buy rating and an average price target of $103.38.
• Insider trading shows significant stock sales, with senior vice president Carl David Wilbanks selling 88,485 shares valued at over $9 million, reflecting an 89.57% decrease in his position.
• Institutional investors have increased their stakes dramatically, with Vanguard Group raising its holdings by 1,404.9% to own approximately 78.8 million shares valued at over $7 billion.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) has been assigned an average rating of "Buy" from the twenty ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $103.3778.

Several research firms recently commented on ORLY. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim increased their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. UBS Group increased their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st.

O'Reilly Automotive Stock Down 0.1%

Shares of O'Reilly Automotive stock traded down $0.15 during mid-day trading on Friday, reaching $101.39. 4,170,415 shares of the stock traded hands, compared to its average volume of 5,644,592. The business has a 50-day moving average of $94.27 and a 200 day moving average of $91.83. O'Reilly Automotive has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The stock has a market capitalization of $86.03 billion, a PE ratio of 36.25, a PEG ratio of 2.68 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS 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 firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the firm earned $10.55 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts expect that O'Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,920 shares of company stock valued at $15,487,502. Corporate insiders own 1.01% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of O'Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer's stock valued at $7,105,396,000 after acquiring an additional 73,596,571 shares in the last quarter. State Street Corp raised its stake in shares of O'Reilly Automotive by 1,424.2% in the second quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer's stock valued at $3,351,014,000 after acquiring an additional 34,740,553 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of O'Reilly Automotive by 1,443.1% in the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer's stock valued at $2,130,866,000 after acquiring an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of O'Reilly Automotive by 1,317.8% in the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer's stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of O'Reilly Automotive by 1,820.9% in the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer's stock valued at $1,272,363,000 after acquiring an additional 13,382,074 shares in 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.