O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Wedbush lowered their Q2 2024 earnings per share estimates for O'Reilly Automotive in a research report issued on Thursday, April 25th. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings per share of $11.27 for the quarter, down from their prior estimate of $11.41. Wedbush has a "Neutral" rating and a $1,100.00 price objective 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 - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. O'Reilly Automotive had a net margin of 14.78% and a negative return on equity of 139.08%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the business posted $8.28 EPS. O'Reilly Automotive's quarterly revenue was up 7.2% on a year-over-year basis.
Several other brokerages have also recently weighed in on ORLY. Truist Financial dropped their price target on shares of O'Reilly Automotive from $1,234.00 to $1,212.00 and set a "buy" rating on the stock in a research report on Friday. Barclays upped their price target on O'Reilly Automotive from $954.00 to $986.00 and gave the stock an "equal weight" rating in a report on Thursday, January 4th. Wells Fargo & Company lowered their price target on O'Reilly Automotive from $1,300.00 to $1,200.00 and set an "overweight" rating for the company in a research report on Thursday. Mizuho started coverage on shares of O'Reilly Automotive in a report on Tuesday, March 19th. They set a "buy" rating and a $1,225.00 price objective on the stock. Finally, StockNews.com upgraded shares of O'Reilly Automotive from a "hold" rating to a "buy" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,106.31.
Check Out Our Latest Report on O'Reilly Automotive
O'Reilly Automotive Price Performance
Shares of NASDAQ ORLY traded down $10.20 during mid-day trading on Friday, reaching $1,043.93. 335,739 shares of the company's stock traded hands, compared to its average volume of 372,750. The business has a 50-day simple moving average of $1,097.20 and a 200 day simple moving average of $1,015.51. The stock has a market cap of $61.62 billion, a P/E ratio of 26.50, a PEG ratio of 1.98 and a beta of 0.86. O'Reilly Automotive has a 1-year low of $860.10 and a 1-year high of $1,169.11.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new stake in shares of O'Reilly Automotive in the first quarter worth about $45,000. YHB Investment Advisors Inc. purchased a new stake in O'Reilly Automotive in the 1st quarter worth approximately $277,000. McKinley Carter Wealth Services Inc. boosted its holdings in O'Reilly Automotive by 2.3% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 8,798 shares of the specialty retailer's stock valued at $9,932,000 after purchasing an additional 198 shares during the period. SYSTM Wealth Solutions LLC grew its position in shares of O'Reilly Automotive by 10.5% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 725 shares of the specialty retailer's stock valued at $818,000 after purchasing an additional 69 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of O'Reilly Automotive in the first quarter worth $354,000. Institutional investors own 85.00% of the company's stock.
Insider Buying and Selling at O'Reilly Automotive
In other news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 2,335 shares of the company's stock, valued at approximately $2,400,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jeremy Adam Fletcher sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,028.00, for a total transaction of $5,140,000.00. Following the sale, the chief financial officer now directly owns 2,335 shares in the company, valued at approximately $2,400,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David E. Oreilly sold 10,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company's stock, valued at $228,141,159.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,968 shares of company stock valued at $27,269,333. Company insiders own 1.55% of the company's stock.
About O'Reilly Automotive
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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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