O’Reilly Automotive (NASDAQ:ORLY) Stock Rating Lowered by Wolfe Research

O’Reilly Automotive (NASDAQ:ORLY) was downgraded by analysts at Wolfe Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts also recently commented on ORLY. TD Cowen boosted their target price on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Morgan Stanley lifted their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a report on Monday, October 20th. Evercore ISI set a $110.00 price target on O’Reilly Automotive and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.05.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $92.90 on Tuesday. The stock has a market capitalization of $78.42 billion, a PE ratio of 32.18, a PEG ratio of 2.24 and a beta of 0.62. The business’s 50 day simple moving average is $98.29 and its 200 day simple moving average is $98.25. O’Reilly Automotive has a one year low of $78.30 and a one year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the prior year, the firm posted $11.41 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, research analysts expect that O’Reilly Automotive will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. This trade represents a 42.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,980 shares of company stock worth $882,335 over the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On O’Reilly Automotive

Hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP bought a new position in O’Reilly Automotive in the 3rd quarter valued at $6,722,000. Allworth Financial LP raised its position in shares of O’Reilly Automotive by 1.4% in the third quarter. Allworth Financial LP now owns 15,480 shares of the specialty retailer’s stock worth $1,669,000 after buying an additional 219 shares in the last quarter. IFP Advisors Inc boosted its stake in O’Reilly Automotive by 15.1% during the third quarter. IFP Advisors Inc now owns 35,264 shares of the specialty retailer’s stock valued at $3,992,000 after buying an additional 4,615 shares during the period. Swiss Life Asset Management Ltd grew its position in O’Reilly Automotive by 19.4% during the third quarter. Swiss Life Asset Management Ltd now owns 162,394 shares of the specialty retailer’s stock worth $17,508,000 after buying an additional 26,411 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in O’Reilly Automotive in the 3rd quarter worth about $1,322,000. Hedge funds and other 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.