O'Reilly Automotive (NASDAQ:ORLY) Hits New 52-Week High - Time to Buy?

Key Points

• O'Reilly Automotive reached a new 52-week high of $107.08 during trading, reflecting an increase in investor interest and confidence.
• Analysts have issued bullish ratings for the stock, with target prices raised by firms such as DA Davidson and Citigroup, indicating a consensus "Buy" rating.
• The company's latest quarterly earnings met expectations with $0.78 earnings per share, and revenue rose by 5.9% compared to the previous year, showcasing solid performance amidst market conditions.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $107.08 and last traded at $106.92, with a volume of 3533526 shares trading hands. The stock had previously closed at $106.40.

Analyst Ratings Changes

A number of brokerages have commented on ORLY. DA Davidson boosted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Citigroup boosted their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI boosted their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Barclays restated an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Argus initiated coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $104.40.

O'Reilly Automotive Price Performance

The company has a fifty day simple moving average of $99.13 and a two-hundred day simple moving average of $93.69. The company has a market capitalization of $90.72 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.81 and a beta of 0.60.

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

Insider Activity

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last three months. 1.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On O'Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Carolinas Wealth Consulting LLC lifted its holdings in shares of O'Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after purchasing an additional 8 shares during the period. Marcum Wealth LLC grew its holdings in O'Reilly Automotive by 4.0% during the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after acquiring an additional 8 shares during the period. Adero Partners LLC grew its holdings in O'Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after acquiring an additional 8 shares during the period. Avior Wealth Management LLC grew its holdings in O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after acquiring an additional 8 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after acquiring an additional 8 shares during the period. 85.00% of the stock is currently owned by 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.

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