Equities Analysts Issue Forecasts for O’Reilly Automotive, Inc.’s Q4 2023 Earnings (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Stock analysts at Zacks Research dropped their Q4 2023 EPS estimates for O’Reilly Automotive in a research report issued on Monday, August 28th. Zacks Research analyst R. Singhi now forecasts that the specialty retailer will post earnings per share of $8.86 for the quarter, down from their previous estimate of $8.96. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $37.65 per share. Zacks Research also issued estimates for O’Reilly Automotive’s Q1 2024 earnings at $9.20 EPS, FY2024 earnings at $40.37 EPS, Q1 2025 earnings at $10.49 EPS, Q2 2025 earnings at $11.18 EPS and FY2025 earnings at $44.08 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 earnings per share for the quarter, beating the consensus estimate of $10.05 by $0.17. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 163.68%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the business earned $8.78 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis.

A number of other equities analysts have also recently commented on the stock. William Blair started coverage on shares of O’Reilly Automotive in a research report on Thursday, August 3rd. They set an “outperform” rating for the company. Citigroup lifted their price objective on shares of O’Reilly Automotive from $916.00 to $983.00 in a research report on Monday, July 17th. Roth Mkm lifted their price objective on shares of O’Reilly Automotive from $940.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. StockNews.com started coverage on shares of O’Reilly Automotive in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Royal Bank of Canada lifted their price objective on shares of O’Reilly Automotive from $975.00 to $988.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $967.40.

O’Reilly Automotive Trading Up 1.3 %

NASDAQ:ORLY opened at $946.62 on Tuesday. O’Reilly Automotive has a 1-year low of $680.00 and a 1-year high of $975.72. The firm has a fifty day simple moving average of $943.24 and a 200 day simple moving average of $903.82. The stock has a market capitalization of $57.04 billion, a PE ratio of 26.27, a P/E/G ratio of 1.85 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new position in O’Reilly Automotive during the second quarter worth about $25,000. Atticus Wealth Management LLC raised its stake in O’Reilly Automotive by 57.9% during the second quarter. Atticus Wealth Management LLC now owns 30 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Ancora Advisors LLC acquired a new position in O’Reilly Automotive during the fourth quarter worth about $30,000. Venturi Wealth Management LLC acquired a new position in O’Reilly Automotive during the first quarter worth about $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in O’Reilly Automotive during the first quarter worth about $33,000. Institutional investors and hedge funds own 82.92% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 14,599 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $937.81, for a total value of $13,691,088.19. Following the completion of the transaction, the chairman now owns 8,378 shares of the company’s stock, valued at $7,856,972.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Gregory L. Henslee sold 14,599 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $937.81, for a total value of $13,691,088.19. Following the completion of the transaction, the chairman now owns 8,378 shares of the company’s stock, valued at $7,856,972.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gregory L. Henslee sold 7,633 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $935.71, for a total value of $7,142,274.43. Following the completion of the transaction, the chairman now directly owns 8,378 shares of the company’s stock, valued at approximately $7,839,378.38. The disclosure for this sale can be found here. Insiders sold a total of 22,632 shares of company stock valued at $21,206,671 over the last quarter. 1.55% of the stock is owned by corporate insiders.

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 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.