DA Davidson Reaffirms Buy Rating for O'Reilly Automotive (NASDAQ:ORLY)

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report)'s stock had its "buy" rating restated by stock analysts at DA Davidson in a research note issued to investors on Thursday, Benzinga reports. They currently have a $1,275.00 price target on the specialty retailer's stock. DA Davidson's price objective suggests a potential upside of 6.27% from the stock's previous close. DA Davidson also issued estimates for O'Reilly Automotive's Q3 2024 earnings at $11.59 EPS, FY2024 earnings at $40.97 EPS and FY2025 earnings at $45.78 EPS.

A number of other research firms have also commented on ORLY. Truist Financial upped their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price target on O'Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an "equal weight" rating in a report on Thursday. Wedbush reissued a "neutral" rating and issued a $1,200.00 price objective on shares of O'Reilly Automotive in a research note on Thursday. Finally, Roth Mkm reaffirmed a "buy" rating and set a $1,337.00 target price on shares of O'Reilly Automotive in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,209.56.

O'Reilly Automotive Trading Up 0.0 %

NASDAQ:ORLY traded up $0.52 during trading hours on Thursday, hitting $1,199.77. 430,628 shares of the company were exchanged, compared to its average volume of 374,956. The stock has a market capitalization of $70.66 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. O'Reilly Automotive has a one year low of $860.10 and a one year high of $1,221.18. The company has a fifty day simple moving average of $1,147.32 and a 200 day simple moving average of $1,080.64.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.53 by ($0.12). The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O'Reilly Automotive's revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $10.72 earnings per share. Equities research analysts predict that O'Reilly Automotive will post 41.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of O'Reilly Automotive stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gregory L. Henslee sold 18,264 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total value of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at approximately $15,049,409.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,411 shares of company stock worth $56,846,062. Insiders own 1.55% of the company's stock.

Hedge Funds Weigh In On O'Reilly Automotive

A number of large investors have recently modified their holdings of the company. Pointe Capital Management LLC raised its holdings in O'Reilly Automotive by 8.8% during the 3rd quarter. Pointe Capital Management LLC now owns 704 shares of the specialty retailer's stock valued at $811,000 after buying an additional 57 shares during the last quarter. Custom Index Systems LLC boosted its stake in shares of O'Reilly Automotive by 49.1% during the 3rd quarter. Custom Index Systems LLC now owns 926 shares of the specialty retailer's stock valued at $1,066,000 after purchasing an additional 305 shares in the last quarter. TCV Trust & Wealth Management Inc. grew its holdings in shares of O'Reilly Automotive by 2.7% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 8,170 shares of the specialty retailer's stock worth $9,409,000 after acquiring an additional 213 shares during the period. Mattern Capital Management LLC grew its position in shares of O'Reilly Automotive by 19.9% in the 3rd quarter. Mattern Capital Management LLC now owns 320 shares of the specialty retailer's stock worth $369,000 after buying an additional 53 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in O'Reilly Automotive by 51.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,120 shares of the specialty retailer's stock worth $25,474,000 after purchasing an additional 7,482 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.

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