O’Reilly Automotive, Inc. Forecasted to Earn Q2 2024 Earnings of $11.27 Per Share (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Wedbush decreased their Q2 2024 earnings per share estimates for shares of O’Reilly Automotive in a note issued to investors on Thursday, April 25th. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $11.27 per share for the quarter, down from their previous estimate of $11.41. Wedbush currently has a “Neutral” rating and a $1,100.00 target price on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $42.10 per share. Wedbush also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.88 EPS, Q4 2024 earnings at $9.57 EPS, FY2024 earnings at $41.92 EPS, Q1 2025 earnings at $10.01 EPS, Q2 2025 earnings at $12.35 EPS, Q3 2025 earnings at $13.02 EPS, Q4 2025 earnings at $10.50 EPS, FY2025 earnings at $45.88 EPS and FY2026 earnings at $50.18 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping the consensus estimate of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company posted $8.28 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year.

Several other research analysts also recently weighed in on ORLY. The Goldman Sachs Group boosted their target price on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. UBS Group boosted their target price on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Evercore ISI dropped their target price on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada boosted their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,106.31.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $1,043.93 on Friday. O’Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11. The stock’s fifty day moving average price is $1,097.20 and its 200 day moving average price is $1,015.51. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86.

Institutional Investors Weigh In On O’Reilly Automotive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Financial Group LLC increased its holdings in shares of O’Reilly Automotive by 141.7% in the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in shares of O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 35 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of O’Reilly Automotive in the first quarter valued at approximately $37,000. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the completion of the transaction, the chief financial officer now owns 2,335 shares of the company’s stock, valued at $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders sold 25,968 shares of company stock valued at $27,269,333 over the last quarter. 1.55% of the stock is currently owned by insiders.

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.