O'Reilly Automotive (NASDAQ:ORLY) Hits New 12-Month High - Still a Buy?

Key Points

• O'Reilly Automotive's stock reached a new 52-week high, trading at $108.51 during the day and closing at $108.32, reflecting strong market interest with nearly 780,000 shares exchanged.
• Multiple analysts have upgraded O'Reilly's target price, with ratings indicating a strong consensus on its investment potential, including targets ranging from $109.00 to $125.00 across several firms.
• The company recently reported earnings of $0.78 per share with revenues increasing by 5.9% year-over-year, demonstrating solid performance amidst a competitive automotive retail environment.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $108.51 and last traded at $108.32, with a volume of 779896 shares trading hands. The stock had previously closed at $107.55.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Truist Financial upped their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price for the company. TD Cowen increased their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. Guggenheim increased 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, July 25th. Finally, DA Davidson increased their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, O'Reilly Automotive currently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Up 0.7%

The business has a 50 day simple moving average of $102.87 and a two-hundred day simple moving average of $95.31. The company has a market cap of $91.90 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 2,876 shares in the company, valued at $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 in the last three months. 1.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC boosted its stake in O'Reilly Automotive by 31.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,538 shares of the specialty retailer's stock valued at $2,203,000 after acquiring an additional 368 shares during the last quarter. Czech National Bank raised its holdings in shares of O'Reilly Automotive by 5.5% during the first quarter. Czech National Bank now owns 13,202 shares of the specialty retailer's stock worth $18,913,000 after acquiring an additional 684 shares during the period. Baker Tilly Wealth Management LLC grew its position in O'Reilly Automotive by 3.1% in the first quarter. Baker Tilly Wealth Management LLC now owns 740 shares of the specialty retailer's stock valued at $1,060,000 after purchasing an additional 22 shares in the last quarter. NBC Securities Inc. grew its position in O'Reilly Automotive by 140,100.0% in the first quarter. NBC Securities Inc. now owns 1,402 shares of the specialty retailer's stock valued at $2,008,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of O'Reilly Automotive by 25.9% in the 1st quarter. Merit Financial Group LLC now owns 1,971 shares of the specialty retailer's stock valued at $2,824,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds 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.

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