Monthly Stock Report: O’Reilly Automotive, Inc. (ORLY)
Publication Date: September 22, 2024
Company Overview
O’Reilly Automotive, Inc. (ORLY) stands out as a leading retailer and supplier in the automotive aftermarket, specializing in parts, tools, supplies, and accessories. With its headquarters in Springfield, Missouri, O’Reilly operates across the United States, Puerto Rico, and Mexico, boasting a diverse product range that includes new and remanufactured hard parts, maintenance essentials, and an array of accessories for both do-it-yourself consumers and professional service providers. Established in 1957, the company integrates valuable services like recycling programs and battery diagnostic testing, firmly positioning itself within the Consumer Cyclical sector, particularly in the Specialty Retail industry. Since its market entry in March 2009, O’Reilly has consistently shown robust growth, with total revenues approaching $16.2 billion. Given the favorable outlook and strong financials, analysts recommend a “buy” rating, forecasting a target high price of $1,300, affirming O’Reilly’s promising growth trajectory.
Market Sentiment and Investor Confidence
Currently, O’Reilly Automotive has 58,005,700 shares outstanding, with only 1,354,791 shares shorted, resulting in a low short interest level of approximately 0.024% of the company’s float. This minimal short selling indicates predominantly positive investor sentiment towards the company. O’Reilly’s current trading price is $1,109.05, positioned near the fifty-day average of $1,109.46, suggesting stability in its recent performance. With a target mean price projected at $1,195.67, and a potential high reaching $1,300, the company exhibits a promising upside of about 17%. Analysts have identified a median target price of $1,223.50 and a low target price of $930.00, all contributing to a bullish outlook. Furthermore, the average recommendation score of 2.2, derived from 20 analyst opinions, underscores the market’s optimistic stance on the stock.
Financial Performance and Outlook
O’Reilly Automotive reported substantial total revenue of $16,283,836,416, indicative of its financial efficacy. Although EBITDA data is currently unavailable, the overall financial analysis and market metrics depict a favorable investment landscape. The company’s 52-week high stands at $1,169.11, while it has experienced a low of $860.10, demonstrating market volatility and potential for significant upward movement. As O’Reilly Automotive continues to leverage its strong market position and positive investor sentiment, stakeholders are encouraged to monitor the stock closely, especially with analysts championing its growth potential in the dynamic automotive retail landscape.
| Metric | Value |
|---|---|
| Market Cap | $64.3b |
| Total Debt | $7.7b |
| Total Cash | $145.0m |
| Shares Outstanding | 58.0m |
| Float Shares | 57.5m |
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