O’Reilly Automotive (NASDAQ:ORLY) Now Covered by Truist Securities

Analysts at Truist Securities assumed coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note issued to investors on Thursday, Analyst Price Targets reports. The brokerage set a “buy” rating and a $796.00 price target on the specialty retailer’s stock. Truist Securities’ price target indicates a potential upside of 17.25% from the company’s current price. Truist Securities also issued estimates for O’Reilly Automotive’s Q4 2021 earnings at $6.01 EPS, FY2021 earnings at $29.50 EPS, Q1 2022 earnings at $6.97 EPS, Q2 2022 earnings at $8.75 EPS, Q3 2022 earnings at $8.64 EPS, Q4 2022 earnings at $6.63 EPS, FY2022 earnings at $31.00 EPS, Q1 2023 earnings at $7.96 EPS, Q2 2023 earnings at $9.68 EPS, Q3 2023 earnings at $9.54 EPS, Q4 2023 earnings at $7.35 EPS and FY2023 earnings at $34.55 EPS.

ORLY has been the topic of a number of other reports. Bank of America lowered shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $680.00 target price on the stock. in a report on Friday, September 17th. They noted that the move was a valuation call. Edward Jones lowered shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. Truist Financial assumed coverage on shares of O’Reilly Automotive in a report on Thursday. They issued a “buy” rating and a $796.00 price objective on the stock. DA Davidson raised their price objective on shares of O’Reilly Automotive from $640.00 to $700.00 and gave the company a “neutral” rating in a report on Thursday, December 30th. Finally, Stephens raised their price objective on shares of O’Reilly Automotive from $690.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, October 29th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $687.44.

O’Reilly Automotive stock opened at $678.87 on Thursday. The firm has a market cap of $45.74 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. O’Reilly Automotive has a 52-week low of $424.03 and a 52-week high of $710.86. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 17.57. The company’s 50 day moving average is $668.34 and its two-hundred day moving average is $628.24.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Tuesday, October 26th. The specialty retailer reported $8.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.99 by $1.08. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.30 billion. O’Reilly Automotive had a net margin of 15.85% and a return on equity of 3,880.90%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $7.07 EPS. On average, equities research analysts anticipate that O’Reilly Automotive will post 29.57 earnings per share for the current fiscal year.

In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves sold 400 shares of O’Reilly Automotive stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $638.52, for a total transaction of $255,408.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeff M. Shaw sold 9,024 shares of O’Reilly Automotive stock in a transaction dated Thursday, October 21st. The stock was sold at an average price of $654.96, for a total transaction of $5,910,359.04. The disclosure for this sale can be found here. Insiders sold 29,458 shares of company stock valued at $19,105,646 in the last quarter. Company insiders own 2.11% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $29,000. Total Clarity Wealth Management Inc. purchased a new stake in O’Reilly Automotive in the third quarter valued at approximately $43,000. RE Advisers Corp grew its holdings in O’Reilly Automotive by 37.9% in the third quarter. RE Advisers Corp now owns 80 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 22 shares during the period. Pinnacle Bancorp Inc. grew its stake in O’Reilly Automotive by 35.2% during the third quarter. Pinnacle Bancorp Inc. now owns 96 shares of the specialty retailer’s stock worth $59,000 after buying an additional 25 shares during the period. Finally, Lion Street Advisors LLC purchased a new stake in O’Reilly Automotive during the second quarter worth approximately $57,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; 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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