Evercore ISI Forecasts Strong Price Appreciation for O’Reilly Automotive (NASDAQ:ORLY) Stock

O’Reilly Automotive (NASDAQ:ORLY) had its target price lifted by Evercore ISI from $1,315.00 to $1,325.00 in a report released on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

ORLY has been the subject of a number of other research reports. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research note on Tuesday, October 15th. DA Davidson restated a “buy” rating and issued a $1,275.00 target price on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price objective on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,248.06.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,247.99 on Tuesday. The firm has a market cap of $72.05 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.53 and a beta of 0.93. The business’s 50 day moving average price is $1,196.23 and its 200-day moving average price is $1,113.60. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,255.40.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.72 EPS. As a group, equities analysts predict that O’Reilly Automotive will post 40.85 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the sale, the senior vice president now owns 5 shares of the company’s stock, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 600 shares of O’Reilly Automotive stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $1,224.07, for a total value of $734,442.00. Following the completion of the sale, the director now directly owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Large investors have recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in O’Reilly Automotive during the third quarter valued at about $32,000. Trifecta Capital Advisors LLC grew its holdings in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in O’Reilly Automotive during the third quarter valued at about $37,000. Princeton Global Asset Management LLC bought a new stake in O’Reilly Automotive during the third quarter valued at about $41,000. Finally, Kings Path Partners LLC bought a new stake in O’Reilly Automotive during the second quarter valued at about $44,000. 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.