O’Reilly Automotive’s (ORLY) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of O’Reilly Automotive (NASDAQ:ORLY) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $106.00 target price on the specialty retailer’s stock.

ORLY has been the subject of a number of other reports. UBS Group reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Friday, July 31st. Roth Capital restated a “buy” rating and set a $111.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 31st. Citigroup reaffirmed a “buy” rating and set a $106.00 price target (up from $104.00) on shares of O’Reilly Automotive in a research note on Monday, August 3rd. Wells Fargo & Company set a $100.00 price objective on O’Reilly Automotive in a report on Friday, July 24th. Finally, Wolfe Research set a $98.00 price objective on O’Reilly Automotive in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $107.24.

O’Reilly Automotive Stock Down 0.2%

Shares of NASDAQ ORLY opened at $84.71 on Wednesday. The firm has a market capitalization of $68.53 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.11 and a beta of 0.52. The stock’s 50-day simple moving average is $88.50 and its two-hundred day simple moving average is $90.06. O’Reilly Automotive has a twelve month low of $82.59 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.86 billion. O’Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%.O’Reilly Automotive’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. O’Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, research analysts anticipate that O’Reilly Automotive will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Thomas Hendrickson sold 1,000 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director directly owned 18,675 shares of the company’s stock, valued at $1,640,225.25. The trade was a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the sale, the director directly owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,000 shares of company stock worth $550,530 in the last ninety days. 0.77% of the stock is owned by insiders.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $5,950,042,000. Geode Capital Management LLC lifted its stake in O’Reilly Automotive by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 24,140,497 shares of the specialty retailer’s stock worth $2,201,555,000 after acquiring an additional 372,896 shares during the period. Norges Bank bought a new stake in O’Reilly Automotive in the fourth quarter valued at $1,134,311,000. Bank of New York Mellon Corp bought a new stake in O’Reilly Automotive in the second quarter valued at $1,023,936,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in O’Reilly Automotive by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer’s stock valued at $859,169,000 after purchasing an additional 141,915 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers, professional service technicians and commercial garages, offering products for maintaining and repairing cars, trucks and other vehicles.

Its merchandise includes replacement parts such as brakes, filters, belts, batteries and ignition components, as well as shop equipment, tools, fluids, lighting and appearance products. O’Reilly also provides services such as parts lookup, battery testing and installation, loaner tool programs, used-oil recycling and commercial delivery to professional customers.