Jefferies Believes O’Reilly Auto (NASDAQ: ORLY) Still Has Room to Grow

Jefferies analyst Bret Jordan maintained a Buy rating on O’Reilly Auto (ORLYResearch Report) on April 29 and set a price target of $650.00. The company’s shares closed last Tuesday at $555.52, close to its 52-week high of $561.98.

According to, Jordan is a 4-star analyst with an average return of 15.1% and a 66.0% success rate. Jordan covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, Lithia Motors, and LKQ.

Currently, the analyst consensus on O’Reilly Auto is a Strong Buy with an average price target of $592.00, implying a 6.9% upside from current levels. In a report issued on April 19, Wells Fargo also maintained a Buy rating on the stock with a $600.00 price target.

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The company has a one-year high of $561.98 and a one-year low of $373.14. Currently, O’Reilly Auto has an average volume of 576.7K.

Based on the recent corporate insider activity of 37 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.

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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.