O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities research analysts at Gabelli issued their FY2022 earnings estimates for O'Reilly Automotive in a note issued to investors on Friday. Gabelli analyst C. Jolly anticipates that the specialty retailer will post earnings per share of $24.35 for the year.
O'Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis.
Shares of O'Reilly Automotive (NASDAQ ORLY) opened at $251.00 on Monday. O'Reilly Automotive has a one year low of $169.43 and a one year high of $279.23. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56. The stock has a market cap of $21,061.21, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90.
A number of large investors have recently modified their holdings of ORLY. NEXT Financial Group Inc purchased a new stake in O'Reilly Automotive during the third quarter worth about $100,000. Amica Retiree Medical Trust purchased a new stake in O'Reilly Automotive during the third quarter worth about $107,000. NuWave Investment Management LLC purchased a new stake in O'Reilly Automotive during the fourth quarter worth about $122,000. Fieldpoint Private Securities LLC purchased a new stake in O'Reilly Automotive during the third quarter worth about $141,000. Finally, Capital Guardian Trust Co. purchased a new stake in O'Reilly Automotive during the third quarter worth about $157,000. Institutional investors own 88.14% of the company’s stock.
In other O'Reilly Automotive news, SVP Jeffrey Lynn Groves sold 5,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the sale, the senior vice president now directly owns 5,008 shares in the company, valued at $1,352,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the sale, the senior vice president now owns 10,900 shares in the company, valued at $2,997,500. The disclosure for this sale can be found here. Insiders sold 168,680 shares of company stock worth $39,048,242 in the last ninety days. 3.12% of the stock is currently owned by corporate insiders.
O'Reilly Automotive announced that its board has authorized a share buyback program on Wednesday, February 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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About O'Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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