In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on O’Reilly Auto (ORLY – Research Report), with a price target of $715.00. The company’s shares closed last Wednesday at $650.95, close to its 52-week high of $669.09.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 30.5% and a 77.4% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.
O’Reilly Auto has an analyst consensus of Moderate Buy, with a price target consensus of $671.88, implying a 2.1% upside from current levels. In a report issued on October 18, UBS also maintained a Buy rating on the stock with a $720.00 price target.
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Based on O’Reilly Auto’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.47 billion and net profit of $585 million. In comparison, last year the company earned revenue of $3.09 billion and had a net profit of $532 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORLY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1957 and headquartered in Missouri, O’Reilly Automotive, Inc. is a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company is engaged in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers.
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