Zacks Research Issues Pessimistic Forecast for ORLY Earnings

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Zacks Research cut their FY2024 EPS estimates for O'Reilly Automotive in a research note issued to investors on Wednesday, November 6th. Zacks Research analyst R. Department now expects that the specialty retailer will post earnings of $40.91 per share for the year, down from their previous forecast of $40.99. The consensus estimate for O'Reilly Automotive's current full-year earnings is $40.81 per share. Zacks Research also issued estimates for O'Reilly Automotive's Q4 2024 earnings at $9.75 EPS, Q1 2025 earnings at $10.17 EPS, Q2 2025 earnings at $11.79 EPS, Q3 2025 earnings at $12.24 EPS, Q4 2025 earnings at $10.70 EPS, FY2025 earnings at $44.90 EPS, Q2 2026 earnings at $12.83 EPS, Q3 2026 earnings at $13.23 EPS and FY2026 earnings at $49.84 EPS.

ORLY has been the subject of several other research reports. Bank of America upped their price objective on shares of O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Wedbush reissued a "neutral" rating and issued a $1,200.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Evercore ISI upped their price target on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Finally, DA Davidson reissued a "buy" rating and issued a $1,275.00 price target on shares of O'Reilly Automotive in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,242.13.

O'Reilly Automotive Trading Up 0.9 %

ORLY stock traded up $10.82 during trading on Monday, hitting $1,228.52. The company had a trading volume of 300,104 shares, compared to its average volume of 375,600. The firm has a market capitalization of $71.27 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 2.47 and a beta of 0.92. The business has a 50 day moving average of $1,161.22 and a 200 day moving average of $1,088.52. O'Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,241.29.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the firm earned $10.72 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis.

Institutional Investors Weigh In On O'Reilly Automotive

Large investors have recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC boosted its position in O'Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 23 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in O'Reilly Automotive during the third quarter worth approximately $37,000. Princeton Global Asset Management LLC bought a new stake in O'Reilly Automotive during the third quarter worth approximately $41,000. Finally, Crewe Advisors LLC bought a new stake in O'Reilly Automotive during the first quarter worth approximately $43,000. Institutional investors own 85.00% of the company's stock.

Insider Activity

In other news, Chairman David E. Oreilly sold 1,000 shares of the company's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman David E. Oreilly sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company's stock, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence P. Oreilly sold 13,765 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now directly owns 141,589 shares of the company's stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock worth $18,280,698 in the last 90 days. Company insiders own 1.55% of the company's stock.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.