Wolfe Research Upgrades O’Reilly Automotive (NASDAQ:ORLY) to Strong-Buy

O’Reilly Automotive (NASDAQ:ORLY) was upgraded by analysts at Wolfe Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. TD Cowen lifted their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Robert W. Baird set a $115.00 target price on O’Reilly Automotive and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Morgan Stanley raised their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $91.75 on Monday. The firm’s 50 day simple moving average is $97.52 and its 200-day simple moving average is $98.27. O’Reilly Automotive has a one year low of $78.30 and a one year high of $108.71. The firm has a market cap of $77.45 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.14 and a beta of 0.61.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities research analysts predict that O’Reilly Automotive will post 43.94 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the sale, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Philip M. Hopper sold 3,500 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. This represents a 42.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,980 shares of company stock worth $882,335 over the last three months. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds have recently bought and sold shares of the stock. Brant Point Investment Management LLC raised its stake in O’Reilly Automotive by 1,244.7% during the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock valued at $13,476,000 after acquiring an additional 138,401 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of O’Reilly Automotive by 1,898.1% in the second quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock valued at $281,000 after purchasing an additional 2,961 shares during the period. Oxbow Advisors LLC raised its stake in shares of O’Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Providence First Trust Co raised its stake in shares of O’Reilly Automotive by 1,433.6% during the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of O’Reilly Automotive by 7,192.8% during the second quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock worth $40,989,000 after purchasing an additional 448,545 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.