O’Reilly Automotive (NASDAQ:ORLY) has received an increase in its price target from Evercore ISI, rising from $1,265.00 to $1,275.00, along with an outperform rating by the research firm. This modification was made public on Thursday morning through a research note reported by Benzinga.
Additional insights on ORLY have been provided by other research firms. Wells Fargo & Company downgraded the stock’s target price from $1,300.00 to $1,200.00 and released an overweight rating on the stock in a report dated Thursday, April 25th. Wedbush also maintained their neutral rating and a $1,100.00 target price on O’Reilly Automotive on the same date.
In addition, Truist Financial lowered their price target from $1,234.00 to $1,212.00 while maintaining a buy rating for the company in a report from Friday, April 26th, and StockNews.com also downgraded O’Reilly Automotive from a buy rating to a hold rating on Friday, May 3rd.
Furthermore, UBS Group provided a buy rating for O’Reilly Automotive and increased the stock’s target price from $1,125.00 to $1,275.00 in a research report on Wednesday, April 17th. In summary, four equities research analysts have favoured a hold rating while twelve have inclined towards a buy rating for the stock. According to data from MarketBeat, the company has an overall consensus rating of Moderate Buy and an average price target of $1,123.64.
In terms of O’Reilly Automotive’s financial performance, the company reported $9.20 earnings per share for the quarter ended Thursday, April 25th, surpassing the consensus estimate of $9.18 by $0.02. The company achieved a net margin of 14.78% and a negative return on equity of 145.86%. The quarterly revenue amounted to $3.98 billion, slightly below analysts’ expectations of $3.99 billion, but had increased by 7.2% compared to the same quarter the previous year. On average, analysts anticipate O’Reilly Automotive to post 41.93 EPS for the current year.
CEO Brad W. Beckham sold 6,032 shares of the company’s stock on Friday, May 3rd, at an average price of $1,015.00 per share, signalling a total value of $6,122,480.00. Following this sale, the chief executive officer now owns 716 shares in the company, valued at approximately $726,740. Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock on Wednesday, May 29th, at an average price of $949.50, generating a total value of $1,424,250. Following this sale, the director now holds 31,613 shares in the company, valued at approximately $30,016,543.50. Insiders currently own 1.55% of the company’s stock.
Additionally, large investors have recently adjusted their stakes in the company, with Paralel Advisors LLC, V Square Quantitative Management LLC, Regal Investment Advisors LLC, LPL Financial LLC, and Mariner LLC making significant contributions. These adjustments emphasise the increased interest and activity around O’Reilly Automotive within the institutional investor community.
O’Reilly Automotive, Inc. 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 offers a wide range of automotive hard parts, maintenance items, and accessories, catering to a diverse consumer base.
In conclusion, O’Reilly Automotive has observed positive developments in recent updates, reflecting the confidence and investment interest from various research firms and institutional investors. This growing attention suggests a promising outlook for the specialty retailer and aligns with the company’s solid performance and future prospects.