O’Reilly Automotive Inc. (NASDAQ:ORLY) does about 469.31K shares in volume on a normal day but saw 584531 shares change hands in Friday trading. The company now has a market cap of 54.08B USD. Its current market price is $873.01, marking an increase of 1.28% compared to the previous close of $862.00. The 52 week high reached by this stock is $870.92 whilst the lowest price level in 52 weeks is $562.90. The script in recent trading has seen the stock touch a high of $873.94 and a low of $861.30.
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O’Reilly Automotive Inc. (ORLY) has a 20-day trading average at $815.15 and the current price is 0.24% off the 52-week high compared with 55.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $820.87 and its 200-day simple moving average is $736.18. If we look at the stock’s price movements over the week, volatility stands at 1.97%, which increases to 2.35% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.88 to suggest the stock is neutral.
The consensus objective for the share price is $899.85, suggesting that the stock has a potential upside of 2.98% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 08, 2023 when Barclays initiated the stock to “Equal Weight” and issued a price target of $815. DA Davidson upgraded its price target at $700-$740.
The current price level is 7.62%, 6.46%, and 18.80% away from its SMA20, SMA50, and SMA200 respectively, with the ORLY price moving above the 50-day SMA on February 17. O’Reilly Automotive Inc. (ORLY) stock is up 5.78% over the week and 9.99% over the past month. Its price is 3.43% year-to-date and 28.68% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $8.37 above consensus estimates by $0.62. The company’s next earnings report is expected on 04/26/2023, with forecasts estimating quarterly EPS at $8.24 and $37.15 for whole year. ORLY’s earnings per share are forecast to grow by 11.10% this year and 11.40% over next year. Expected sales for next quarter are $3.93 billion, which analysts say will come at $15.33 billion for the current fiscal year and next year at $16.26 billion. In addition, estimates put the company’s current quarterly revenue at an average of $3.55 billion.
Its 12-month price target is $920.50. To reach the target analysts have set, the stock logically needs to grow 2.98 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $815.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $975.00.
Outstanding shares total 63.29M with insiders holding 1.18% of the shares and institutional holders owning 86.79% of the company’s common stock. The company has a return on investment of 61.20% and return on equity of -315.60%. The price to earnings ratio (P/E ratio) amounts to 26.07 while the forward price to earnings ratio is 21.16. The beta has a value of 0.89. Price to sales ratio is 3.75.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in O’Reilly Automotive Inc. (ORLY) to 1,917,133 shares, mirroring a recent increase by 0.77%. Vanguard Total Stock Market Index added 14581.0 shares of O’Reilly Automotive Inc. common stock bringing its total worth to about $1.52 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 3421.0 shares to end up with 1,449,906 shares worth $1.15 billion. Akre Focus Fund cut their holdings by -7.76% in the company over the course of the most recent quarter. It now holds a 1.90% position in O’Reilly Automotive Inc. thanks to 1.19 million shares amounting to $942.26 million.
