RBC Capital Keeps a Buy Rating on O’Reilly Auto (ORLY)

By Jason Carr

RBC Capital analyst Scot Ciccarelli reiterated a Buy rating on O’Reilly Auto (ORLYResearch Report) on November 12 and set a price target of $389. The company’s shares opened today at $359.94, close to its 52-week high of $362.75.

According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 17.9% and a 71.8% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

O’Reilly Auto has an analyst consensus of Moderate Buy, with a price target consensus of $370.89.

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Based on O’Reilly Auto’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $366 million. In comparison, last year the company had a net profit of $284 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, David Oreilly, the COB of ORLY sold 25,000 shares for a total of $8,018,250.

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.

O’Reilly Automotive, Inc. owns and operates retail outlets in the United States. It engages 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.