O'Reilly Automotive (NASDAQ:ORLY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets has raised its price target for O'Reilly Automotive from $100.00 to $110.00, indicating a potential upside of 12.35% based on the stock's current price.
• O'Reilly Automotive has received numerous ratings upgrades, with 15 analysts assigning a buy rating and the consensus target price at $100.97.
• The company reported a quarterly revenue of $4.53 billion, slightly lower than analysts' expectations, while its earnings per share matched the consensus at $0.78.
• Institutional investors hold approximately 85.00% of O'Reilly Automotive's stock, indicating strong interest from large investment funds.

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its price objective boosted by BMO Capital Markets from $100.00 to $110.00 in a research note issued to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty retailer's stock.

A number of other equities analysts also recently commented on ORLY. Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. 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 report on Friday, April 25th. UBS Group reiterated a "buy" rating and set a $115.00 price objective (up previously from $105.00) on shares of O'Reilly Automotive in a research report on Thursday, July 24th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $102.22.

O'Reilly Automotive Stock Up 1.0%

Shares of NASDAQ ORLY traded up $1.02 during midday trading on Friday, hitting $98.35. The stock had a trading volume of 2,537,454 shares, compared to its average volume of 5,709,074. The company has a market capitalization of $84.07 billion, a PE ratio of 35.19, a P/E/G ratio of 2.65 and a beta of 0.58. The stock has a 50 day simple moving average of $91.39 and a 200-day simple moving average of $90.01. O'Reilly Automotive has a 1 year low of $73.11 and a 1 year high of $100.10.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the business posted $10.55 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $91.93, for a total transaction of $275,800.00. Following the completion of the transaction, the director directly owned 4,560 shares of the company's stock, valued at $419,216. The trade was a 39.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the transaction, the senior vice president owned 240 shares in the company, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,285 shares of company stock valued at $3,022,386 in the last three months. 1.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Carolinas Wealth Consulting LLC increased its holdings in shares of O'Reilly Automotive by 14.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after acquiring an additional 8 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of O'Reilly Automotive by 4.0% in the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after acquiring an additional 8 shares during the last quarter. Adero Partners LLC increased its holdings in shares of O'Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after acquiring an additional 8 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after acquiring an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of O'Reilly Automotive by 2.6% in the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other 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.