O’Reilly Automotive (NASDAQ:ORLY) Announces Quarterly Earnings Results, Misses Estimates By $0.43 EPS

O’Reilly Automotive (NASDAQ:ORLY) issued its quarterly earnings data on Wednesday. The specialty retailer reported $10.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43), Briefing.com reports. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.22 EPS. O’Reilly Automotive updated its FY24 guidance to $40.75-$41.25 EPS and its FY 2024 guidance to 40.750-41.250 EPS.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $1,050.71 on Thursday. The firm has a 50-day moving average of $1,017.66 and a 200-day moving average of $1,044.53. The company has a market cap of $61.88 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 0.92. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,169.11.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the transaction, the chief executive officer now directly owns 716 shares in the company, valued at approximately $726,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ORLY shares. Truist Financial dropped their price objective on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Wedbush reaffirmed a “neutral” rating and set a $1,100.00 price target on shares of O’Reilly Automotive in a research report on Thursday, April 25th. StockNews.com lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group dropped their target price on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Evercore ISI reduced their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,113.36.

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.