Wolfe Research Begins Coverage on O'Reilly Automotive (NASDAQ:ORLY)

Key Points

• Wolfe Research has reaffirmed an "outperform" rating for O'Reilly Automotive, with a price target of $121.00, indicating a potential upside of 15.73% from the current stock price.
• O'Reilly Automotive reported quarterly earnings of $0.78 per share, matching analysts' estimates, and a revenue of $4.53 billion, which reflects a 5.9% year-over-year growth.
• Institutional investors hold approximately 85% of O'Reilly Automotive's stock, with significant recent increases in holdings from several hedge funds.

Wolfe Research initiated coverage on shares of O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set an "outperform" rating and a $121.00 price target on the specialty retailer's stock. Wolfe Research's price target indicates a potential upside of 17.17% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays reaffirmed an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Royal Bank Of Canada upped their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Citigroup upped their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, DA Davidson increased their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Trading Down 0.6%

Shares of ORLY stock traded down $0.66 on Thursday, reaching $103.27. The company's stock had a trading volume of 1,699,703 shares, compared to its average volume of 5,495,703. The company has a market capitalization of $87.62 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The stock's fifty day simple moving average is $101.37 and its 200-day simple moving average is $94.60. O'Reilly Automotive has a 1 year low of $73.33 and a 1 year high of $108.42.

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

Insider Transactions at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 in the last ninety days. 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. Bank of Jackson Hole Trust bought a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive in the 1st quarter valued at approximately $26,000. Oakworth Capital Inc. raised its position in shares of O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC grew its stake in shares of O'Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after buying an additional 280 shares in the last quarter. Finally, Canton Hathaway LLC boosted its holdings in shares of O'Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 280 shares in the last quarter. 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.