O'Reilly Automotive (NASDAQ:ORLY) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial has raised its price target for O'Reilly Automotive from $103.00 to $109.00 and maintains a "buy" rating, indicating a potential upside of 11.16%.
• O'Reilly Automotive's consensus rating is a strong "Buy," with two analysts giving a strong buy rating and others setting various price targets, resulting in an average target of $100.34.
• The company's latest earnings report showed a revenue of $4.53 billion and an earnings per share (EPS) of $0.78, meeting analyst expectations.
• Insiders have sold a total of 33,285 shares valued at approximately $3 million within the last 90 days, suggesting a significant insider transaction activity.

O'Reilly Automotive (NASDAQ:ORLY - Free Report) had its target price lifted by Truist Financial from $103.00 to $109.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

Several other research analysts have also recently weighed in on ORLY. Evercore ISI upped their price objective on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets boosted their price target on shares of O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Barclays reissued an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday. Wall Street Zen raised shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus target price of $102.22.

O'Reilly Automotive Stock Down 0.5%

ORLY stock traded down $0.50 during trading on Friday, hitting $97.66. The company had a trading volume of 5,511,084 shares, compared to its average volume of 4,425,804. The firm has a 50-day moving average price of $91.30 and a 200-day moving average price of $89.82. O'Reilly Automotive has a 12 month low of $72.74 and a 12 month high of $100.10. The stock has a market cap of $83.48 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.65 and a beta of 0.58.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates 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 firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 earnings per share. Equities analysts expect that O'Reilly Automotive will post 43.94 EPS for the current year.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $91.93, for a total transaction of $275,800.00. Following the sale, the director owned 4,560 shares in the company, valued at approximately $419,216. This trade represents a 39.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Najera Jose A. Montellano sold 285 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.13, for a total value of $25,686.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,285 shares of company stock worth $3,022,386. Corporate insiders own 1.01% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

A number of institutional investors have recently modified their holdings of the business. Carolinas Wealth Consulting LLC raised its holdings in shares of O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after buying an additional 8 shares in the last quarter. Marcum Wealth LLC grew its position in O'Reilly Automotive by 4.0% during the 1st 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 last quarter. Adero Partners LLC grew its position in O'Reilly Automotive by 1.9% during the 1st 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 last quarter. Avior Wealth Management LLC grew its position in O'Reilly Automotive by 3.5% during the 1st 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 last quarter. Finally, Lindbrook Capital LLC grew its position in O'Reilly Automotive by 2.6% during the 1st 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 last quarter. 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.