O’Reilly Automotive (ORLY) to Release Earnings on Wednesday

O’Reilly Automotive (NASDAQ:ORLY) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $9.73 per share and revenue of $4.05 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

O’Reilly Automotive Stock Up 1.7 %

NASDAQ:ORLY opened at $1,316.06 on Tuesday. The business’s 50 day moving average is $1,233.49 and its two-hundred day moving average is $1,179.29. O’Reilly Automotive has a 52 week low of $947.49 and a 52 week high of $1,318.00. The company has a market cap of $75.98 billion, a PE ratio of 32.56, a P/E/G ratio of 2.40 and a beta of 0.94.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORLY. Morgan Stanley raised O’Reilly Automotive from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,150.00 to $1,450.00 in a research note on Tuesday, January 21st. BMO Capital Markets assumed coverage on O’Reilly Automotive in a research report on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 target price for the company. Wells Fargo & Company raised their target price on O’Reilly Automotive from $1,325.00 to $1,425.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus target price of $1,301.82.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Jeffery Thomas Loafman sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the completion of the transaction, the senior vice president now owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrea Weiss sold 600 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the sale, the director now owns 700 shares of the company’s stock, valued at $856,849. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% 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.