13 Best Automotive Stocks to Buy According to Hedge Funds

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4. O’Reilly Automotive, Inc. (NASDAQ:ORLY)

Number of Hedge Fund Holders: 62

O’Reilly Automotive, Inc. (NASDAQ:ORLY) is one of the best automotive stocks to buy according to hedge funds. In a report released on August 13, Steven Shemesh from RBC Capital maintained a Buy rating on O’Reilly Automotive, Inc. (NASDAQ:ORLY), setting a price target of $111.00.

Similarly, Argus Research initiated coverage on O’Reilly Automotive, Inc. (NASDAQ:ORLY) with a Buy rating on the same day, setting a $120.00 price target.

In another report released on August 12, Greg Melich from Evercore ISI maintained a Buy rating on O’Reilly Automotive, Inc. (NASDAQ:ORLY) with a price target of $110.00.

The stock’s median price target of $103.68 implies an upside of 6.10% from current levels.

O’Reilly Automotive, Inc. (NASDAQ:ORLY) owns and operates retail outlets in the US and is involved in the distribution and retailing of automotive aftermarket parts, supplies, tools, equipment, and accessories.

The company offers new and remanufactured automotive hard parts to both professional installers and do-it-yourself customers, including water pumps, fuel pumps, alternators, temperature controls, brake system components, and more.

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