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

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a research note issued to investors on Friday, April 26th. DA Davidson analyst M. Baker expects that the specialty retailer will post earnings per share of $11.19 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.

Several other research firms also recently weighed in on ORLY. Royal Bank of Canada lifted their target price on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. StockNews.com raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial lowered their price objective on O’Reilly Automotive from $1,234.00 to $1,212.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Evercore ISI lowered their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an “outperform” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from 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

NASDAQ ORLY opened at $1,043.93 on Monday. The company has a market cap of $61.62 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.91 and a beta of 0.86. The stock has a 50-day moving average of $1,097.20 and a two-hundred day moving average of $1,016.90. 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 released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, beating the consensus estimate of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate 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 revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.28 EPS.

Insider Buying and Selling

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 stock was 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 owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now owns 2,335 shares in the company, valued at $2,400,380. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $1,295,391.72. Following the completion of the sale, the executive vice president now owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. Insiders sold a total of 25,968 shares of company stock worth $27,269,333 over the last 90 days. 1.55% of the stock is owned by insiders.

Institutional Investors Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Steward Financial Group LLC lifted its stake in O’Reilly Automotive by 141.7% in 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 last quarter. Carmel Capital Partners LLC lifted its stake in O’Reilly Automotive by 1,750.0% in the third quarter. Carmel Capital Partners LLC now owns 37 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 35 shares during the last quarter. Rise Advisors LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $36,000. Newbridge Financial Services Group Inc. purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $37,000. Finally, Indiana Trust & Investment Management CO lifted its stake in O’Reilly Automotive by 325.0% in the first quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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.