O’Reilly Automotive (NASDAQ:ORLY) Reaches New 1-Year High – Here’s Why

O’Reilly Automotive, Inc. (NASDAQ:ORLY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $1,352.82 and last traded at $1,348.29, with a volume of 102717 shares changing hands. The stock had previously closed at $1,330.42.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORLY shares. Evercore ISI raised their price target on O’Reilly Automotive from $1,315.00 to $1,325.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Guggenheim raised their price target on O’Reilly Automotive from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wedbush raised their price target on O’Reilly Automotive from $1,200.00 to $1,350.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Barclays raised their price target on O’Reilly Automotive from $1,110.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets raised their price target on O’Reilly Automotive from $1,400.00 to $1,450.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,390.81.

O’Reilly Automotive Trading Up 1.5 %

The business has a 50 day simple moving average of $1,264.60 and a 200-day simple moving average of $1,209.61. The stock has a market capitalization of $79.30 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $9.96 earnings per share for the quarter, beating the consensus estimate of $9.73 by $0.23. O’Reilly Automotive had a negative return on equity of 166.88% and a net margin of 14.28%. Research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, EVP Jason Lee Tarrant sold 1,992 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $1,339.10, for a total transaction of $2,667,487.20. Following the sale, the executive vice president now directly owns 1,398 shares in the company, valued at $1,872,061.80. The trade was a 58.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad W. Beckham sold 833 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $1,300.00, for a total value of $1,082,900.00. Following the sale, the chief executive officer now owns 760 shares in the company, valued at $988,000. This represents a 52.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,894 shares of company stock valued at $10,409,618. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC increased its holdings in O’Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 8 shares during the last quarter. Marks Group Wealth Management Inc increased its holdings in shares of O’Reilly Automotive by 1.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after acquiring an additional 9 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 8.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of O’Reilly Automotive by 0.5% in the 3rd quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares during the last quarter. Finally, L.M. Kohn & Company increased its holdings in shares of O’Reilly Automotive by 1.4% in the 3rd quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock valued at $753,000 after acquiring an additional 9 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

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.