Analysts Offer Predictions for O’Reilly Automotive, Inc.’s Q2 2024 Earnings (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of O’Reilly Automotive in a note issued to investors on Friday, April 26th. DA Davidson analyst M. Baker forecasts that the specialty retailer will earn $11.19 per share for the quarter. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.79 per share. DA Davidson also issued estimates for O’Reilly Automotive’s FY2025 earnings at $47.44 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 145.86%. O’Reilly Automotive’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $8.28 EPS.

ORLY has been the subject of several other reports. UBS Group increased their price target on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. StockNews.com upgraded shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research note on Thursday. Evercore ISI cut their price objective on shares of O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Barclays increased 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 report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average price target of $1,110.07.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $1,043.93 on Monday. The company has a 50-day moving average of $1,097.20 and a 200 day moving average of $1,016.90. The firm has a market cap of $61.62 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.91 and a beta of 0.86. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

Insider Transactions at O’Reilly Automotive

In other news, 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 value of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares in the company, valued at $228,141,159.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Doug D. Bragg sold 1,218 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total transaction of $1,295,391.72. Following the completion of the sale, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David E. Oreilly sold 10,000 shares of the business’s 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 sale, 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 sold 25,968 shares of company stock worth $27,269,333 over the last three months. 1.55% of the stock is currently owned by company insiders.

Institutional Trading of O’Reilly Automotive

Large investors have recently added to or reduced their stakes in the business. Steward Financial Group LLC grew its position in O’Reilly Automotive by 141.7% during the third quarter. Steward Financial Group LLC now owns 29 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 17 shares during the period. Carmel Capital Partners LLC lifted its holdings in O’Reilly Automotive by 1,750.0% during the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 35 shares in the last quarter. Rise Advisors LLC purchased a new position in O’Reilly Automotive during the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. purchased a new position in O’Reilly Automotive during the first quarter valued at approximately $37,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in O’Reilly Automotive by 325.0% during the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

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.