Q3 2024 EPS Estimates for O'Reilly Automotive, Inc. (NASDAQ:ORLY) Raised by Zacks Research

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2024 EPS estimates for O'Reilly Automotive in a research note issued on Wednesday, May 8th. Zacks Research analyst L. Shahu now expects that the specialty retailer will post earnings per share of $11.55 for the quarter, up from their prior estimate of $11.37. The consensus estimate for O'Reilly Automotive's current full-year earnings is $41.92 per share. Zacks Research also issued estimates for O'Reilly Automotive's FY2024 earnings at $41.69 EPS, Q1 2026 earnings at $11.67 EPS and FY2026 earnings at $50.69 EPS.

Other equities analysts have also recently issued reports about the company. Wedbush restated a "neutral" rating and set a $1,100.00 price objective on shares of O'Reilly Automotive in a research note on Thursday, April 25th. 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 stock an "outperform" rating in a research report on Friday, February 9th. Mizuho began coverage on O'Reilly Automotive in a research note on Tuesday, March 19th. They issued a "buy" rating and a $1,225.00 target price on the stock. The Goldman Sachs Group increased their price target on O'Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Finally, StockNews.com cut O'Reilly Automotive from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,110.07.

O'Reilly Automotive Trading Down 1.1 %

Shares of NASDAQ:ORLY traded down $11.39 during mid-day trading on Friday, hitting $1,019.33. 282,761 shares of the company traded hands, compared to its average volume of 393,681. The stock has a 50-day moving average price of $1,089.17 and a two-hundred day moving average price of $1,021.45. O'Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,169.11. The stock has a market cap of $60.17 billion, a P/E ratio of 25.87, a P/E/G ratio of 1.91 and a beta of 0.90.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.18 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.99 billion. O'Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.28 EPS.

Insider Activity at O'Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now directly owns 963 shares of the company's stock, valued at $1,000,200.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Doug D. Bragg sold 1,218 shares of the company's 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 transaction of $1,295,391.72. Following the sale, the executive vice president now owns 5,533 shares of the company's stock, valued at approximately $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the transaction, the senior vice president now owns 963 shares of the company's stock, valued at $1,000,200.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,000 shares of company stock worth $33,391,813. Corporate insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On O'Reilly Automotive

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at about $36,000. Newbridge Financial Services Group Inc. bought a new stake in O'Reilly Automotive during the first quarter valued at approximately $37,000. Indiana Trust & Investment Management CO grew its stake in O'Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer's stock worth $38,000 after buying an additional 26 shares in the last quarter. Riverview Trust Co bought a new position in shares of O'Reilly Automotive in the 1st quarter worth $41,000. Finally, Carmel Capital Partners LLC increased its holdings in shares of O'Reilly Automotive by 1,750.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer's stock worth $34,000 after buying an additional 35 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

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.