O'Reilly Automotive (NASDAQ:ORLY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of O'Reilly Automotive (NASDAQ:ORLY - Free Report) from a hold rating to a buy rating in a research report released on Wednesday morning.

A number of other research firms have also commented on ORLY. BNP Paribas raised shares of O'Reilly Automotive to a "strong-buy" rating in a research note on Friday, October 25th. DA Davidson restated a "buy" rating and issued a $1,275.00 price target on shares of O'Reilly Automotive in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Truist Financial boosted their target price on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Roth Capital raised O'Reilly Automotive to a "strong-buy" rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,269.31.

O'Reilly Automotive Stock Up 0.5 %

O'Reilly Automotive stock traded up $5.88 during midday trading on Wednesday, hitting $1,185.80. The company's stock had a trading volume of 291,022 shares, compared to its average volume of 370,386. O'Reilly Automotive has a 12 month low of $914.50 and a 12 month high of $1,283.96. The company has a market capitalization of $68.46 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The stock's 50-day moving average price is $1,219.02 and its 200-day moving average price is $1,149.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O'Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.72 EPS. As a group, equities analysts anticipate that O'Reilly Automotive will post 40.85 EPS for the current year.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Andrea Weiss sold 600 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the transaction, the director now directly owns 700 shares of the company's stock, valued at approximately $856,849. This trade represents a 46.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the transaction, the senior vice president now owns 5 shares in the company, valued at approximately $6,201.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company's stock.

Institutional Trading of O'Reilly Automotive

Several hedge funds have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of O'Reilly Automotive in the third quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised its stake in O'Reilly Automotive by 383.3% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in O'Reilly Automotive in the 3rd quarter valued at $37,000. Princeton Global Asset Management LLC acquired a new stake in O'Reilly Automotive in the 3rd quarter worth $41,000. Finally, Rothschild Investment LLC bought a new position in shares of O'Reilly Automotive during the 2nd quarter worth about $89,000. 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.