Q2 2024 EPS Estimates for O’Reilly Automotive, Inc. (NASDAQ:ORLY) Cut by Analyst

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Stock analysts at Wedbush lowered their Q2 2024 EPS estimates for shares of O’Reilly Automotive in a report issued 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 prior 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 $41.70 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 announced its quarterly earnings data 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. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the firm earned $8.28 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. UBS Group upped their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Barclays upped their price objective on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Wells Fargo & Company cut 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. The Goldman Sachs Group boosted their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Truist Financial dropped their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,106.31.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $1,043.93 on Friday. The company has a market capitalization of $61.62 billion, a P/E ratio of 26.50, a PEG ratio of 1.93 and a beta of 0.86. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The stock has a 50 day moving average price of $1,097.20 and a two-hundred day moving average price of $1,016.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Steward Financial Group LLC lifted its stake 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 worth $26,000 after buying an additional 17 shares in the last quarter. 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 purchasing an additional 35 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of O’Reilly Automotive in the first quarter worth $36,000. Newbridge Financial Services Group Inc. bought a new stake in O’Reilly Automotive in the 1st quarter worth about $37,000. Finally, Indiana Trust & Investment Management CO raised its position 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 during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’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 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 the SEC website. 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 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. Insiders have sold a total of 25,968 shares of company stock valued at $27,269,333 over the last ninety days. Company insiders own 1.55% of the company’s stock.

O’Reilly Automotive Company Profile

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.