O’Reilly Automotive, Inc. to Post Q1 2024 Earnings of $9.38 Per Share, DA Davidson Forecasts (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLYFree Report) – Equities research analysts at DA Davidson issued their Q1 2024 earnings estimates for O’Reilly Automotive in a research note issued on Friday, February 9th. DA Davidson analyst M. Baker expects that the specialty retailer will earn $9.38 per share for the quarter. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $42.15 per share. DA Davidson also issued estimates for O’Reilly Automotive’s FY2024 earnings at $43.10 EPS and FY2025 earnings at $48.42 EPS.

O’Reilly Automotive (NASDAQ:ORLYGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.07 by $0.19. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.37 earnings per share.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday. Stephens reaffirmed an “overweight” rating and set a $1,060.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, December 19th. TD Cowen upped their price target on shares of O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Barclays upped their price target on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,056.44.

View Our Latest Analysis on O’Reilly Automotive

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,026.39 on Monday. The company has a market capitalization of $60.72 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.79 and a beta of 0.86. The company’s 50 day simple moving average is $982.51 and its 200 day simple moving average is $955.03. O’Reilly Automotive has a 1 year low of $795.74 and a 1 year high of $1,074.04.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Groesbeck Investment Management Corp NJ lifted its position in shares of O’Reilly Automotive by 0.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 1,375 shares of the specialty retailer’s stock worth $1,306,000 after buying an additional 10 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of O’Reilly Automotive by 3.9% in the 4th quarter. Lindbrook Capital LLC now owns 264 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 10 shares during the period. Klingman & Associates LLC increased its holdings in shares of O’Reilly Automotive by 1.3% in the 2nd quarter. Klingman & Associates LLC now owns 857 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 11 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of O’Reilly Automotive by 0.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,240 shares of the specialty retailer’s stock worth $1,185,000 after acquiring an additional 11 shares during the period. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of O’Reilly Automotive by 1.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 759 shares of the specialty retailer’s stock worth $725,000 after acquiring an additional 11 shares during the period. 82.92% of the stock is currently owned by institutional investors.

Insider Activity at O’Reilly Automotive

In related news, Director Dana Perlman sold 100 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $974.24, for a total transaction of $97,424.00. Following the completion of the sale, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $1,166,165.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Dana Perlman sold 100 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $974.24, for a total transaction of $97,424.00. Following the completion of the sale, the director now directly owns 1,197 shares of the company’s stock, valued at approximately $1,166,165.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,000.00, for a total transaction of $1,500,000.00. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

(Get Free Report)

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 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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Earnings History and Estimates for O'Reilly Automotive (NASDAQ:ORLY)

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