O'Reilly Automotive - ORLY Stock Forecast, Price & News

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. 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. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. The company's stores also provide enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; and professional paint shop mixing and related materials. Its stores offer do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. As of December 31, 2021, the company owned and operated 5,759 stores in the United States, and 25 stores in Mexico. O'Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri.

O'Reilly Automotive Trading Up 0.3 %

NASDAQ:ORLY traded up $2.09 during mid-day trading on Friday, hitting $709.01. The stock had a trading volume of 330,430 shares, compared to its average volume of 452,408. The company has a 50 day simple moving average of $650.33 and a 200-day simple moving average of $659.61. The stock has a market capitalization of $46.60 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.80 and a beta of 1.00. O'Reilly Automotive has a 52 week low of $562.90 and a 52 week high of $748.68.

O'Reilly Automotive (NASDAQ:ORLY - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). O'Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the firm posted $8.33 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that O'Reilly Automotive will post 31.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ORLY. Morgan Stanley reduced their price objective on shares of O'Reilly Automotive from $650.00 to $635.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 28th. DA Davidson lifted their price target on O'Reilly Automotive from $740.00 to $815.00 in a research note on Friday, July 29th. Stephens upped their price objective on O'Reilly Automotive from $765.00 to $800.00 and gave the company an "overweight" rating in a research note on Monday, August 1st. The Goldman Sachs Group lifted their target price on O'Reilly Automotive from $667.00 to $745.00 and gave the stock a "buy" rating in a research report on Tuesday, August 2nd. Finally, Wells Fargo & Company dropped their price target on O'Reilly Automotive from $800.00 to $750.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $749.23.

Insider Activity

In related news, CFO Jeremy Adam Fletcher bought 835 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the transaction, the chief financial officer now directly owns 1,897 shares of the company's stock, valued at approximately $1,138,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other O'Reilly Automotive news, CFO Jeremy Adam Fletcher bought 835 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average cost of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the acquisition, the chief financial officer now owns 1,897 shares of the company's stock, valued at approximately $1,138,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Henslee sold 1,649 shares of the business's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $710.58, for a total value of $1,171,746.42. Following the sale, the chairman now directly owns 8,214 shares in the company, valued at $5,836,704.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,094 shares of company stock valued at $6,384,893. Company insiders own 1.73% of the company's stock.