DA Davidson Boosts O’Reilly Automotive (NASDAQ:ORLY) Price Target to $1,275.00

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by DA Davidson from $1,200.00 to $1,275.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock. DA Davidson also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.71 EPS, FY2024 earnings at $41.08 EPS and FY2025 earnings at $45.91 EPS.

A number of other equities research analysts also recently commented on the company. UBS Group cut their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada reduced their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an outperform rating for the company in a report on Friday. Wedbush reissued a neutral rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a research note on Thursday. Truist Financial upped their price objective on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a buy rating in a research note on Friday. Finally, Evercore ISI dropped their target price on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating on the stock in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, O’Reilly Automotive presently has a consensus rating of Moderate Buy and a consensus target price of $1,130.67.

O’Reilly Automotive Trading Up 1.6 %

Shares of NASDAQ:ORLY opened at $1,110.31 on Friday. The company has a 50 day moving average of $1,021.36 and a 200-day moving average of $1,046.13. The firm has a market cap of $65.39 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.05 and a beta of 0.92. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business posted $10.22 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that O’Reilly Automotive will post 41.1 EPS for the current year.

Insider Activity

In related news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently bought and sold shares of ORLY. Nordea Investment Management AB lifted its position in shares of O’Reilly Automotive by 3.8% in the first quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock worth $68,327,000 after buying an additional 2,214 shares during the last quarter. Fortune Financial Advisors LLC raised its stake in shares of O’Reilly Automotive by 2.4% in the 4th quarter. Fortune Financial Advisors LLC now owns 2,447 shares of the specialty retailer’s stock valued at $2,325,000 after acquiring an additional 57 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in O’Reilly Automotive by 5.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after purchasing an additional 701 shares during the last quarter. Perpetual Ltd boosted its position in O’Reilly Automotive by 322.6% during the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 871 shares during the period. Finally, Wellington Management Group LLP grew its holdings in O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after purchasing an additional 397,108 shares during the last quarter. 85.00% of the stock is currently owned by 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.