O’Reilly Automotive (NASDAQ:ORLY) Releases FY 2024 Earnings Guidance

O’Reilly Automotive (NASDAQ:ORLY) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 40.750-41.250 for the period, compared to the consensus estimate of 41.860. The company issued revenue guidance of $16.6 billion-$16.9 billion, compared to the consensus revenue estimate of $16.9 billion. O’Reilly Automotive also updated its FY24 guidance to $40.75-$41.25 EPS.

O’Reilly Automotive Price Performance

NASDAQ ORLY traded up $42.20 on Thursday, reaching $1,092.91. 875,967 shares of the company’s stock traded hands, compared to its average volume of 397,614. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The stock has a 50-day simple moving average of $1,017.66 and a 200 day simple moving average of $1,044.53. The stock has a market cap of $64.36 billion, a PE ratio of 27.19, a P/E/G ratio of 1.94 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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 net margin of 14.78% and a negative return on equity of 145.86%. 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 previous year, the business earned $10.22 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, analysts anticipate that O’Reilly Automotive will post 41.7 EPS for the current year.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. StockNews.com cut shares of O’Reilly Automotive from a buy rating to a hold rating in a research report on Friday, May 3rd. UBS Group reduced their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating on the stock in a research report on Thursday, July 18th. 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 on the stock in a report on Tuesday, July 16th. Truist Financial cut their target price on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating on the stock in a report on Tuesday, July 2nd. Finally, Wedbush restated a neutral rating and issued a $1,100.00 target price on shares of O’Reilly Automotive in a report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the 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.

Insider Transactions at O’Reilly Automotive

In other news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

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.