O’Reilly Automotive, Inc. Expected to Post Q3 2024 Earnings of $11.81 Per Share (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Research analysts at Wedbush raised their Q3 2024 EPS estimates for shares of O’Reilly Automotive in a research report issued to clients and investors on Thursday, July 25th. Wedbush analyst S. Basham now expects that the specialty retailer will earn $11.81 per share for the quarter, up from their previous estimate of $11.59. Wedbush has a “Neutral” rating and a $1,100.00 price target on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.07 per share. Wedbush also issued estimates for O’Reilly Automotive’s Q4 2024 earnings at $9.56 EPS, FY2024 earnings at $41.13 EPS, FY2025 earnings at $45.04 EPS and FY2026 earnings at $49.19 EPS.

Several other equities analysts also recently commented on the stock. Truist Financial upped their price target on shares of O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company dropped their target price on shares of 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. UBS Group dropped their target price 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 note on Thursday, July 18th. Finally, Royal Bank of Canada dropped their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $1,130.67.

O’Reilly Automotive Trading Up 2.0 %

Shares of NASDAQ:ORLY opened at $1,140.90 on Monday. The company has a market capitalization of $67.19 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.11 and a beta of 0.92. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The firm’s 50-day moving average is $1,026.72 and its 200 day moving average is $1,050.28.

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 the consensus estimate of $10.98 by ($0.43). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.22 earnings per share.

Insider Activity

In other news, insider Philip M. Hopper 1,023 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Philip M. Hopper 1,023 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence P. Oreilly sold 1,500 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 31,613 shares in the company, valued at $30,016,543.50. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new stake in O’Reilly Automotive during the second quarter valued at approximately $3,926,000. Litman Gregory Wealth Management LLC lifted its position in O’Reilly Automotive by 4.4% during the second quarter. Litman Gregory Wealth Management LLC now owns 2,810 shares of the specialty retailer’s stock valued at $2,968,000 after acquiring an additional 118 shares during the last quarter. Kings Path Partners LLC purchased a new stake in O’Reilly Automotive during the second quarter valued at approximately $44,000. International Assets Investment Management LLC lifted its position in O’Reilly Automotive by 21.0% during the second quarter. International Assets Investment Management LLC now owns 854 shares of the specialty retailer’s stock valued at $902,000 after acquiring an additional 148 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in O’Reilly Automotive by 0.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,257 shares of the specialty retailer’s stock valued at $7,664,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 85.00% 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.