Q3 EPS Estimates for O’Reilly Automotive Cut by DA Davidson

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at DA Davidson cut their Q3 2024 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a report released on Tuesday, October 22nd. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings of $11.59 per share for the quarter, down from their previous forecast of $11.71. DA Davidson currently has a “Buy” rating and a $1,275.00 target price on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.06 per share. DA Davidson also issued estimates for O’Reilly Automotive’s FY2024 earnings at $40.97 EPS and FY2025 earnings at $45.78 EPS.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price target on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. UBS Group decreased their price objective on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Bank of America boosted their target price on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,206.87.

O’Reilly Automotive Stock Down 1.1 %

NASDAQ:ORLY opened at $1,205.38 on Wednesday. The company has a market capitalization of $69.92 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,221.18. The stock has a fifty day simple moving average of $1,145.92 and a 200-day simple moving average of $1,079.80.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $10.22 EPS.

Institutional Investors Weigh In On O’Reilly Automotive

A number of large investors have recently modified their holdings of the stock. CENTRAL TRUST Co boosted its holdings in O’Reilly Automotive by 10.1% in the 3rd quarter. CENTRAL TRUST Co now owns 59,973 shares of the specialty retailer’s stock worth $69,065,000 after acquiring an additional 5,521 shares during the period. X Square Capital LLC lifted its position in shares of O’Reilly Automotive by 3.0% during the third quarter. X Square Capital LLC now owns 1,530 shares of the specialty retailer’s stock worth $1,762,000 after purchasing an additional 45 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of O’Reilly Automotive by 99,957.0% in the third quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock valued at $984,027,000 after purchasing an additional 853,633 shares during the period. Monte Financial Group LLC grew its holdings in O’Reilly Automotive by 5.5% during the 3rd quarter. Monte Financial Group LLC now owns 830 shares of the specialty retailer’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Finally, Greenleaf Trust increased its stake in O’Reilly Automotive by 4.4% during the 3rd quarter. Greenleaf Trust now owns 1,839 shares of the specialty retailer’s stock worth $2,118,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 413 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at $296,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Dana Perlman sold 48 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the sale, the director now directly owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the transaction, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,411 shares of company stock valued at $56,846,062. Insiders own 1.55% 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.