FY2024 Earnings Forecast for ORLY Issued By Roth Capital

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Equities research analysts at Roth Capital issued their FY2024 earnings per share (EPS) estimates for shares of O'Reilly Automotive in a research report issued on Tuesday, October 15th. Roth Capital analyst S. Stember forecasts that the specialty retailer will post earnings per share of $40.92 for the year. Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for O'Reilly Automotive's current full-year earnings is $41.10 per share. Roth Capital also issued estimates for O'Reilly Automotive's FY2025 earnings at $45.90 EPS, Q1 2026 earnings at $12.27 EPS, Q2 2026 earnings at $13.46 EPS and Q3 2026 earnings at $14.58 EPS.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O'Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. O'Reilly Automotive's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.22 EPS.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Monday. Truist Financial lifted 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 research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an "overweight" rating in a research report on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $1,100.00 target price on shares of O'Reilly Automotive in a report on Thursday, July 25th. Finally, DA Davidson upped their price target on shares of O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,206.87.

O'Reilly Automotive Stock Performance

O'Reilly Automotive stock traded up $6.74 during midday trading on Friday, reaching $1,210.96. 211,606 shares of the company's stock were exchanged, compared to its average volume of 375,024. The stock's 50-day simple moving average is $1,142.14 and its 200 day simple moving average is $1,079.15. The firm has a market cap of $71.32 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.24 and a beta of 0.92. O'Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.05.

Hedge Funds Weigh In On O'Reilly Automotive

Institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in shares of O'Reilly Automotive during the 4th quarter valued at $1,131,000. CWM LLC grew its holdings in shares of O'Reilly Automotive by 51.9% during the first quarter. CWM LLC now owns 2,013 shares of the specialty retailer's stock worth $2,272,000 after purchasing an additional 688 shares during the last quarter. Rise Advisors LLC bought a new position in O'Reilly Automotive in the 1st quarter valued at approximately $36,000. Alaska Permanent Fund Corp bought a new position in O'Reilly Automotive in the 1st quarter valued at approximately $205,000. Finally, Perpetual Ltd boosted its position in O'Reilly Automotive by 322.6% during the 1st quarter. Perpetual Ltd now owns 1,141 shares of the specialty retailer's stock worth $1,289,000 after buying an additional 871 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other O'Reilly Automotive news, Chairman Gregory L. Henslee sold 18,264 shares of the company's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the completion of the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David E. Oreilly sold 1,000 shares of O'Reilly Automotive stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares in the company, valued at approximately $205,407,347.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock valued at $56,846,062 in the last three months. Corporate insiders own 1.55% of the company's stock.

About O'Reilly Automotive

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.