Wedbush Has Bearish Estimate for ORLY FY2024 Earnings

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Wedbush reduced their FY2024 earnings estimates for shares of O'Reilly Automotive in a research report issued to clients and investors on Thursday, October 24th. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $41.04 per share for the year, down from their previous forecast of $41.13. Wedbush has a "Neutral" rating and a $1,200.00 price objective on the stock. The consensus estimate for O'Reilly Automotive's current full-year earnings is $40.85 per share. Wedbush also issued estimates for O'Reilly Automotive's Q1 2025 earnings at $10.20 EPS, Q2 2025 earnings at $11.67 EPS, Q4 2025 earnings at $10.55 EPS, FY2025 earnings at $44.56 EPS and FY2026 earnings at $48.74 EPS.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted 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). The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O'Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.72 earnings per share.

ORLY has been the topic of several other reports. Evercore ISI upped their price objective on shares of O'Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of O'Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Truist Financial upped their price objective on shares of O'Reilly Automotive from $1,290.00 to $1,313.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of O'Reilly Automotive from $1,115.00 to $1,286.00 and gave the stock an "outperform" rating in a report on Friday. Finally, TD Cowen upped their price objective on shares of O'Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a "buy" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus price target of $1,242.13.

O'Reilly Automotive Stock Up 0.2 %

NASDAQ:ORLY traded up $1.89 on Monday, hitting $1,197.11. The stock had a trading volume of 287,341 shares, compared to its average volume of 374,208. The stock has a market cap of $69.44 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.42 and a beta of 0.92. The company has a fifty day moving average price of $1,152.02 and a two-hundred day moving average price of $1,082.71. O'Reilly Automotive has a 1-year low of $914.50 and a 1-year high of $1,221.18.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Trifecta Capital Advisors LLC boosted its stake in O'Reilly Automotive by 383.3% during the 3rd 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. Crewe Advisors LLC acquired a new stake in O'Reilly Automotive during the 1st quarter worth $43,000. Kings Path Partners LLC acquired a new stake in O'Reilly Automotive during the 2nd quarter worth $44,000. ORG Partners LLC acquired a new stake in O'Reilly Automotive during the 2nd quarter worth $48,000. Finally, Boit C F David acquired a new stake in O'Reilly Automotive during the 1st quarter worth $56,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, Director Dana Perlman sold 48 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now directly owns 1,097 shares of the company's stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.18% 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.