O'Reilly Automotive (NASDAQ:ORLY) Price Target Raised to $109.00 at Truist Financial

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 research report sent to investors on Friday,Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer's stock.

A number of other research firms also recently weighed in on ORLY. BMO Capital Markets boosted their target price on O'Reilly Automotive from $96.67 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen upgraded O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Evercore ISI upped their target price on O'Reilly Automotive from $97.00 to $107.00 and gave the stock an "outperform" rating in a report on Friday. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and a consensus price target of $102.22.

O'Reilly Automotive Trading Up 1.0%

ORLY stock traded up $1.02 during trading hours on Friday, hitting $98.35. 2,537,454 shares of the stock traded hands, compared to its average volume of 5,709,074. O'Reilly Automotive has a one year low of $73.11 and a one year high of $100.10. The company has a market cap of $84.07 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.65 and a beta of 0.58. The stock has a 50-day simple moving average of $91.39 and a 200 day simple moving average of $90.01.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.55 EPS. Analysts forecast that O'Reilly Automotive will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Najera Jose A. Montellano sold 285 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.13, for a total value of $25,686.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $90.70, for a total transaction of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares in the company, valued at $21,767.20. The trade was a 99.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,285 shares of company stock valued at $3,022,386. Insiders own 1.01% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. TD Asset Management Inc boosted its position in shares of O'Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after purchasing an additional 1,994,449 shares during the period. Wellington Management Group LLP boosted its position in shares of O'Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares during the period. GAMMA Investing LLC boosted its position in shares of O'Reilly Automotive by 175,115.6% during the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of O'Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after purchasing an additional 1,573,010 shares during the period. Institutional investors and hedge funds own 85.00% of the company's stock.

About O'Reilly Automotive

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.