Roth Capital Upgrades O’Reilly Automotive (NASDAQ:ORLY) to “Strong-Buy”

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by investment analysts at Roth Capital to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. Roth Capital also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.08 EPS, Q4 2024 earnings at $10.11 EPS, Q1 2025 earnings at $10.66 EPS, Q2 2025 earnings at $11.70 EPS, Q3 2025 earnings at $12.35 EPS, Q4 2025 earnings at $11.20 EPS and FY2026 earnings at $53.46 EPS.

Several other equities analysts also recently issued reports on ORLY. JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson increased their price objective on shares of O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday. UBS Group decreased their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Royal Bank of Canada dropped their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Three 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Price Performance

ORLY opened at $1,198.90 on Tuesday. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.05. The company has a market capitalization of $70.61 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.24 and a beta of 0.92. The firm’s fifty day moving average price is $1,138.75 and its two-hundred day moving average price is $1,077.71.

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

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at approximately $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,411 shares of company stock valued at $56,846,062. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in O’Reilly Automotive during the 4th quarter valued at $1,131,000. CWM LLC lifted its holdings in O’Reilly Automotive by 51.9% during the 1st quarter. CWM LLC now owns 2,013 shares of the specialty retailer’s stock worth $2,272,000 after purchasing an additional 688 shares in the last quarter. Rise Advisors LLC bought a new position in O’Reilly Automotive in the 1st quarter worth about $36,000. Alaska Permanent Fund Corp purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $205,000. Finally, Perpetual Ltd increased its position in shares of O’Reilly Automotive by 322.6% during the first quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer’s stock valued at $1,289,000 after buying an additional 871 shares during the period. Institutional investors own 85.00% of the company’s stock.

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.