O’Reilly Automotive (NASDAQ:ORLY) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of O’Reilly Automotive (NASDAQ:ORLY) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning, BidAskClub reports.

ORLY has been the subject of several other research reports. Wells Fargo & Co reaffirmed a buy rating and set a $435.00 price objective on shares of O’Reilly Automotive in a research report on Tuesday, August 20th. Zacks Investment Research downgraded shares of O’Reilly Automotive from a hold rating to a sell rating and set a $427.00 price objective for the company. in a research report on Friday, July 19th. Goldman Sachs Group started coverage on shares of O’Reilly Automotive in a research report on Thursday, July 11th. They set a buy rating and a $440.00 price objective for the company. Raymond James raised their price objective on shares of O’Reilly Automotive from $435.00 to $460.00 and gave the stock a strong-buy rating in a research report on Thursday, July 25th. Finally, ValuEngine downgraded shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the company. O’Reilly Automotive has an average rating of Buy and a consensus target price of $407.57.

NASDAQ:ORLY opened at $390.85 on Thursday. The company has a market capitalization of $30.14 billion, a PE ratio of 24.28, a P/E/G ratio of 1.59 and a beta of 0.73. The company has a 50 day simple moving average of $382.85 and a two-hundred day simple moving average of $381.38. The company has a debt-to-equity ratio of 37.43, a quick ratio of 0.10 and a current ratio of 0.85. O’Reilly Automotive has a fifty-two week low of $314.14 and a fifty-two week high of $414.63.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.16). The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. O’Reilly Automotive had a net margin of 13.69% and a return on equity of 391.89%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.28 EPS. Research analysts predict that O’Reilly Automotive will post 17.54 EPS for the current year.

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro purchased 150 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $368.33 per share, with a total value of $55,249.50. Following the transaction, the senior vice president now owns 422 shares in the company, valued at approximately $155,435.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Raymond Murphy sold 122 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $385.92, for a total transaction of $47,082.24. The disclosure for this sale can be found here. In the last three months, insiders sold 1,773 shares of company stock valued at $669,481. 2.52% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Asset Management Inc lifted its stake in O’Reilly Automotive by 0.4% during the 2nd quarter. World Asset Management Inc now owns 5,826 shares of the specialty retailer’s stock valued at $2,152,000 after acquiring an additional 26 shares in the last quarter. North American Management Corp lifted its stake in O’Reilly Automotive by 4.6% during the 2nd quarter. North American Management Corp now owns 614 shares of the specialty retailer’s stock valued at $227,000 after acquiring an additional 27 shares in the last quarter. Hotaling Investment Management LLC lifted its stake in O’Reilly Automotive by 0.6% during the 2nd quarter. Hotaling Investment Management LLC now owns 5,150 shares of the specialty retailer’s stock valued at $1,902,000 after acquiring an additional 32 shares in the last quarter. Squar Milner Financial Services LLC lifted its stake in O’Reilly Automotive by 80.5% during the 2nd quarter. Squar Milner Financial Services LLC now owns 74 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 33 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. lifted its stake in O’Reilly Automotive by 65.4% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 86 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

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