Q2 2024 EPS Estimates for O’Reilly Automotive, Inc. Cut by Wedbush (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities researchers at Wedbush reduced their Q2 2024 earnings estimates for O’Reilly Automotive in a research report issued on Monday, July 15th. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $10.76 per share for the quarter, down from their prior estimate of $11.27. Wedbush has a “Neutral” rating and a $1,100.00 price objective on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.77 per share. Wedbush also issued estimates for O’Reilly Automotive’s Q3 2024 earnings at $11.59 EPS, Q4 2024 earnings at $9.17 EPS, FY2024 earnings at $40.72 EPS, FY2025 earnings at $44.57 EPS and FY2026 earnings at $48.76 EPS.

Other analysts have also issued research reports about the stock. UBS Group lifted their target price on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Evercore ISI cut their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a research note on Tuesday. StockNews.com cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company lowered their price target on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, Truist Financial reduced their price objective on O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,115.14.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,043.63 on Tuesday. The company’s fifty day moving average price is $1,014.70 and its 200 day moving average price is $1,040.84. The stock has a market capitalization of $61.46 billion, a P/E ratio of 26.49, a P/E/G ratio of 1.92 and a beta of 0.92. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $36,000. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive during the first quarter worth about $37,000. Indiana Trust & Investment Management CO lifted its position in shares of 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 worth $38,000 after purchasing an additional 26 shares in the last quarter. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of O’Reilly Automotive in the first quarter valued at approximately $43,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was 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 owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of the 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 transaction, the director now owns 31,613 shares of the company’s stock, valued at $30,016,543.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive 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 sale, the chief executive officer now owns 716 shares of the company’s stock, valued at $726,740. The disclosure for this sale can be found here. 1.55% of the stock is currently 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.