O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Analysts at Zacks Research lowered their Q3 2024 EPS estimates for shares of O'Reilly Automotive in a research note issued on Wednesday, August 7th. Zacks Research analyst L. Shahu now expects that the specialty retailer will earn $11.47 per share for the quarter, down from their prior estimate of $11.55. The consensus estimate for O'Reilly Automotive's current full-year earnings is $41.14 per share. Zacks Research also issued estimates for O'Reilly Automotive's FY2024 earnings at $40.99 EPS and Q2 2025 earnings at $11.73 EPS.
ORLY has been the subject of several other reports. Wells Fargo & Company cut their price objective on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating for the company in a report on Thursday, April 25th. DA Davidson increased their target price on shares of O'Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. UBS Group cut their price target 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 upped their price objective on shares of O'Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Evercore ISI cut their target price on shares of O'Reilly Automotive from $1,250.00 to $1,225.00 and set an "outperform" rating for the company in a research note on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,130.67.
View Our Latest Research Report on ORLY
O'Reilly Automotive Price Performance
Shares of O'Reilly Automotive stock traded up $3.51 during midday trading on Friday, hitting $1,124.41. 208,687 shares of the company were exchanged, compared to its average volume of 397,448. The firm has a 50 day simple moving average of $1,050.41 and a 200-day simple moving average of $1,056.20. O'Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11. The firm has a market cap of $66.22 billion, a P/E ratio of 28.54, a PEG ratio of 2.15 and a beta of 0.92.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing analysts' consensus estimates of $10.98 by ($0.43). O'Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the business earned $10.22 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis.
Hedge Funds Weigh In On O'Reilly Automotive
Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. acquired a new stake in O'Reilly Automotive in the first quarter worth $37,000. Indiana Trust & Investment Management CO boosted its position in shares of O'Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at $41,000. Finally, Crewe Advisors LLC bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 85.00% of the company's stock.
Insider Activity
In other O'Reilly Automotive news, Director Dana Perlman sold 48 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares of the company's stock, valued at approximately $1,217,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other O'Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm's 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 transaction, the director now directly owns 1,097 shares of the company's stock, valued at $1,217,406.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company's stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total transaction of $1,424,250.00. Following the sale, the director now owns 31,613 shares of the company's stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,589 shares of company stock valued at $39,989,614. Company insiders own 1.55% of the company's stock.
About O'Reilly Automotive
(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, 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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