DA Davidson Predicts Lower Earnings for O’Reilly Automotive

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at DA Davidson decreased their Q3 2024 earnings per share estimates for shares of O’Reilly Automotive in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst M. Baker now expects that the specialty retailer will earn $11.59 per share for the quarter, down from their prior estimate of $11.71. DA Davidson currently has a “Buy” rating and a $1,275.00 target price on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.06 per share. DA Davidson also issued estimates for O’Reilly Automotive’s FY2024 earnings at $40.97 EPS and FY2025 earnings at $45.78 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the firm earned $10.22 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year.

Several other brokerages have also weighed in on ORLY. Wells Fargo & Company increased their target price on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research note on Wednesday, October 16th. Evercore ISI lifted their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upped their price objective on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.87.

O’Reilly Automotive Stock Down 0.5 %

Shares of NASDAQ:ORLY opened at $1,199.25 on Wednesday. The business has a fifty day simple moving average of $1,147.32 and a 200-day simple moving average of $1,080.64. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.18. The company has a market cap of $70.63 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.30 and a beta of 0.92.

Insider Buying and Selling at O’Reilly Automotive

In related news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares in the company, valued at $15,049,409.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the completion of the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory L. Henslee sold 18,264 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now owns 13,347 shares in the company, valued at $15,049,409.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock valued at $56,846,062. 1.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of O’Reilly Automotive during the 1st quarter worth about $41,000. Elevated Capital Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter valued at about $233,000. Sunbelt Securities Inc. boosted its holdings in shares of O’Reilly Automotive by 10.5% during the 1st quarter. Sunbelt Securities Inc. now owns 516 shares of the specialty retailer’s stock worth $583,000 after buying an additional 49 shares during the period. Procyon Advisors LLC raised its holdings in O’Reilly Automotive by 3.4% in the 1st quarter. Procyon Advisors LLC now owns 2,970 shares of the specialty retailer’s stock valued at $3,353,000 after acquiring an additional 97 shares during the period. Finally, 180 Wealth Advisors LLC bought a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $308,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.