O’Reilly Automotive Inc. (NASDAQ:ORLY)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report released on Wednesday. They currently have a $310.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 12.53% from the company’s current price.

Several other analysts have also issued reports on the stock. Jefferies Group boosted their price objective on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Credit Suisse Group AG restated an “outperform” rating and issued a $290.00 price objective on shares of O’Reilly Automotive in a report on Sunday, October 23rd. Deutsche Bank AG boosted their price objective on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Susquehanna started coverage on O’Reilly Automotive in a research report on Thursday, August 25th. They issued a “positive” rating and a $343.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $304.65.

Analyst Recommendations for O`Reilly Automotive (NASDAQ:ORLY)

Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up 0.17% on Wednesday, reaching $275.47. 801,952 shares of the company’s stock traded hands. O’Reilly Automotive has a 52 week low of $225.12 and a 52 week high of $292.84. The firm has a market capitalization of $26.02 billion, a P/E ratio of 26.70 and a beta of 0.69. The firm’s 50 day moving average is $270.30 and its 200 day moving average is $273.12.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by $0.02. The company earned $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.64 earnings per share. Analysts expect that O’Reilly Automotive will post $10.69 earnings per share for the current fiscal year.

In other O’Reilly Automotive news, SVP Robert Allen Dumas sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $271.27, for a total value of $1,166,461.00. Following the completion of the sale, the senior vice president now owns 4,360 shares in the company, valued at $1,182,737.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul R. Lederer sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $283.00, for a total value of $28,300.00. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ORLY. Trust Co. of Vermont purchased a new stake in shares of O’Reilly Automotive during the third quarter worth $100,000. Global X Management Co. LLC boosted its stake in shares of O’Reilly Automotive by 200.0% in the third quarter. Global X Management Co. LLC now owns 366 shares of the company’s stock worth $103,000 after buying an additional 244 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of O’Reilly Automotive by 9.8% in the second quarter. Proficio Capital Partners LLC now owns 359 shares of the company’s stock worth $104,000 after buying an additional 32 shares in the last quarter. Bellwether Investment Group LLC purchased a new stake in shares of O’Reilly Automotive during the second quarter worth $106,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of O’Reilly Automotive by 318.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 460 shares of the company’s stock worth $129,000 after buying an additional 350 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

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About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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