Weiss Ratings Reaffirms "Buy (B)" Rating for O'Reilly Automotive (NASDAQ:ORLY)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for O'Reilly Automotive, signaling continued confidence in the stock's performance.
• Several research firms have upgraded their price targets for O'Reilly, with targets ranging from $105.00 to $120.00 and a consensus price target of $107.17.
• Institutional investors have significantly increased their stakes in O'Reilly, with Vanguard raising its holdings by 1,404.9% in the second quarter, reflecting strong confidence in the company's growth.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report)'s stock had its "buy (b)" rating reissued by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently commented on ORLY. Wells Fargo & Company lifted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. DA Davidson boosted their price target 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. Argus assumed coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target for the company. Citigroup boosted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Barclays restated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $100.76 on Wednesday. The stock has a market capitalization of $85.49 billion, a PE ratio of 36.02, a PEG ratio of 2.69 and a beta of 0.60. O'Reilly Automotive has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The business has a fifty day moving average price of $103.81 and a two-hundred day moving average price of $95.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly 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. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the business posted $10.55 EPS. The business's 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. As a group, sell-side analysts expect that O'Reilly Automotive will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of O'Reilly Automotive 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 completion of the transaction, the director directly owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of O'Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer's stock valued at $7,105,396,000 after purchasing an additional 73,596,571 shares in the last quarter. State Street Corp raised its stake in shares of O'Reilly Automotive by 1,424.2% during the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer's stock worth $3,351,014,000 after acquiring an additional 34,740,553 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of O'Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer's stock worth $2,130,866,000 after acquiring an additional 22,144,563 shares in the last quarter. Bank of New York Mellon Corp grew its position in O'Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer's stock worth $1,590,894,000 after purchasing an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC grew its position in O'Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer's stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares during the last quarter. Institutional investors 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.

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