O'Reilly Automotive (NASDAQ:ORLY) Stock Price Breaks Above 200 Day Moving Average - What's Next?

Key Points

• O'Reilly Automotive shares rose above their 200-day moving average, trading as high as $91.53 versus the $90.60 average, with roughly 5.3 million shares changing hands.
• Analysts remain broadly positive, with 17 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $108.11.
• The company reported quarterly revenue of $4.89 billion, up 8.1% year over year, while matching estimates with $0.86 EPS; insiders have sold 6,000 shares worth approximately $550,530 over the past three months.

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $90.60 and traded as high as $91.53. O'Reilly Automotive shares last traded at $91.05, with a volume of 5,317,262 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Roth Capital reaffirmed a "buy" rating and issued a $111.00 price objective (up from $109.00) on shares of O'Reilly Automotive in a research note on Friday, July 31st. Wells Fargo & Company set a $100.00 price target on O'Reilly Automotive and gave the company an "overweight" rating in a research note on Friday, July 24th. Morgan Stanley cut their price target on O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. TD Cowen decreased their price objective on O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, Robert W. Baird set a $100.00 price objective on O'Reilly Automotive and gave the stock a "neutral" rating in a research note on Friday, July 31st. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $108.11.

O'Reilly Automotive Price Performance

The stock has a market capitalization of $73.66 billion, a PE ratio of 29.00, a PEG ratio of 2.23 and a beta of 0.54. The stock's 50 day simple moving average is $87.29 and its two-hundred day simple moving average is $90.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.86. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts predict that O'Reilly Automotive, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In related news, SVP Christopher Mancini sold 3,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the sale, the senior vice president owned 189 shares of the company's stock, valued at approximately $17,577. This represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the transaction, the director owned 18,675 shares of the company's stock, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,000 shares of company stock worth $550,530. 0.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On O'Reilly Automotive

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in O'Reilly Automotive during the second quarter valued at approximately $5,950,042,000. Bank of New York Mellon Corp purchased a new stake in O'Reilly Automotive in the 2nd quarter worth approximately $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in O'Reilly Automotive by 1.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer's stock valued at $859,169,000 after purchasing an additional 141,915 shares during the period. Amundi boosted its holdings in O'Reilly Automotive by 19.7% in the 1st quarter. Amundi now owns 8,497,984 shares of the specialty retailer's stock valued at $784,449,000 after purchasing an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of O'Reilly Automotive during the 2nd quarter valued at $721,747,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About O'Reilly Automotive

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.

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