O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Analysts at DA Davidson decreased their Q3 2024 EPS estimates for O'Reilly Automotive in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings of $11.59 per share for the quarter, down from their previous forecast of $11.71. DA Davidson has a "Buy" rating and a $1,275.00 price objective on the stock. The consensus estimate for O'Reilly Automotive's current full-year earnings is $41.06 per share. DA Davidson also issued estimates for O'Reilly Automotive's FY2024 earnings at $40.97 EPS and FY2025 earnings at $45.78 EPS.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results 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 for 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 quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $10.22 earnings per share.
Several other analysts also recently issued reports on ORLY. UBS Group decreased their price objective on shares of O'Reilly Automotive from $1,275.00 to $1,250.00 and set a "buy" rating for the company in a report on Thursday, July 18th. Truist Financial raised their price target on O'Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a "buy" rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on O'Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Evercore ISI raised their target price on 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, Royal Bank of Canada cut their price target on O'Reilly Automotive from $1,124.00 to $1,115.00 and set an "outperform" rating for the company in a report on Friday, July 26th. Three equities research 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 stock. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and an average price target of $1,206.87.
View Our Latest Analysis on ORLY
O'Reilly Automotive Price Performance
Shares of ORLY stock traded down $6.13 during trading on Wednesday, reaching $1,199.25. The company had a trading volume of 494,289 shares, compared to its average volume of 374,682. The company has a market capitalization of $70.63 billion, a PE ratio of 30.44, a PEG ratio of 2.30 and a beta of 0.92. The firm's 50 day simple moving average is $1,147.32 and its two-hundred day simple moving average is $1,080.64. O'Reilly Automotive has a one year low of $860.10 and a one year high of $1,221.18.
Institutional Investors Weigh In On O'Reilly Automotive
Several institutional investors have recently modified their holdings of the business. Riverview Trust Co bought a new position in O'Reilly Automotive during the first quarter worth about $41,000. Elevated Capital Advisors LLC bought a new position in shares of O'Reilly Automotive during the first quarter worth $233,000. Sunbelt Securities Inc. grew its holdings in shares of O'Reilly Automotive by 10.5% in the 1st quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer's stock valued at $583,000 after buying an additional 49 shares during the period. Procyon Advisors LLC grew its holdings in shares of O'Reilly Automotive by 3.4% in the 1st quarter. Procyon Advisors LLC now owns 2,970 shares of the specialty retailer's stock valued at $3,353,000 after buying an additional 97 shares during the period. Finally, 180 Wealth Advisors LLC bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $308,000. Institutional investors and hedge funds own 85.00% of the company's stock.
Insider Buying and Selling
In other news, Director Gregory D. Johnson sold 15,364 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the sale, the director now owns 5,016 shares in the company, valued at approximately $5,698,978.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now directly owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory D. Johnson sold 15,364 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares in the company, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last 90 days. 1.55% of the stock is owned by company insiders.
O'Reilly Automotive Company Profile
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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.
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