Bank of America Initiates Coverage on O’Reilly Automotive (NASDAQ:ORLY)

Bank of America assumed coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report issued on Monday. The brokerage set a “buy” rating and a $106.00 price target on the specialty retailer’s stock. Bank of America‘s price objective would suggest a potential upside of 16.25% from the stock’s previous close.

Several other analysts also recently weighed in on ORLY. Morgan Stanley decreased their price objective on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Roth Capital reissued a “buy” rating and issued a $111.00 price objective (up from $109.00) on shares of O’Reilly Automotive in a research note on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $110.00 price objective (down from $115.00) on shares of O’Reilly Automotive in a report on Friday, July 31st. Weiss Ratings cut shares of O’Reilly Automotive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 target price (up from $110.00) on shares of O’Reilly Automotive in a research report on Tuesday, October 20th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.25.

O’Reilly Automotive Trading Up 1.4%

NASDAQ:ORLY traded up $1.26 during mid-day trading on Monday, hitting $91.18. 696,649 shares of the company’s stock were exchanged, compared to its average volume of 6,378,077. The firm has a market capitalization of $73.76 billion, a P/E ratio of 29.05, a PEG ratio of 2.23 and a beta of 0.54. The company has a 50 day simple moving average of $87.23 and a 200-day simple moving average of $89.17. O’Reilly Automotive has a fifty-two week low of $82.59 and a fifty-two week high of $102.46.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 the consensus estimate 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 for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. O’Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, analysts expect that O’Reilly Automotive will post 3.28 earnings per share for the current year.

Insider Activity at O’Reilly Automotive

In other news, Director Thomas Hendrickson sold 1,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $87.83, for a total transaction of $87,830.00. Following the transaction, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. The trade was a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Mancini sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the sale, the senior vice president directly owned 189 shares in the company, valued at $17,577. This represents a 94.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,000 shares of company stock worth $550,530. 0.77% of the stock is owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

Institutional investors and hedge funds have recently modified their holdings of the stock. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of O’Reilly Automotive by 26.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 58,297 shares of the specialty retailer’s stock worth $5,381,000 after acquiring an additional 12,316 shares in the last quarter. Swiss National Bank increased its stake in shares of O’Reilly Automotive by 6.5% in the first quarter. Swiss National Bank now owns 2,477,200 shares of the specialty retailer’s stock worth $228,670,000 after acquiring an additional 152,100 shares during the period. Corient Private Wealth LP lifted its position in shares of O’Reilly Automotive by 46.0% in the second quarter. Corient Private Wealth LP now owns 1,077,091 shares of the specialty retailer’s stock valued at $99,189,000 after acquiring an additional 339,465 shares in the last quarter. Nykredit A S acquired a new stake in O’Reilly Automotive during the second quarter worth about $34,040,000. Finally, National Pension Service grew its stake in shares of O’Reilly Automotive by 2.0% in the second quarter. National Pension Service now owns 2,279,184 shares of the specialty retailer’s stock valued at $209,890,000 after buying an additional 43,770 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.