Roth Capital Issues Pessimistic Forecast for ORLY Earnings

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities researchers at Roth Capital lowered their FY2024 earnings estimates for O’Reilly Automotive in a report issued on Monday, October 28th. Roth Capital analyst S. Stember now forecasts that the specialty retailer will post earnings per share of $40.61 for the year, down from their prior forecast of $40.92. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $40.85 per share. Roth Capital also issued estimates for O’Reilly Automotive’s Q4 2024 earnings at $9.45 EPS, Q3 2025 earnings at $12.11 EPS, Q4 2025 earnings at $11.01 EPS, FY2025 earnings at $45.45 EPS, Q1 2026 earnings at $12.25 EPS, Q2 2026 earnings at $13.44 EPS, Q3 2026 earnings at $14.30 EPS and FY2026 earnings at $52.93 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.53 by ($0.12). The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.72 EPS.

Other equities analysts have also issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $1,275.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Bank of America raised 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. BNP Paribas upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Friday, October 25th. Finally, UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,242.13.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $1,175.90 on Tuesday. The firm’s 50 day moving average price is $1,153.01 and its two-hundred day moving average price is $1,083.41. O’Reilly Automotive has a 1 year low of $914.50 and a 1 year high of $1,221.18. The firm has a market cap of $68.21 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donaldson Capital Management LLC boosted its position in O’Reilly Automotive by 0.4% in the third quarter. Donaldson Capital Management LLC now owns 6,548 shares of the specialty retailer’s stock valued at $7,541,000 after buying an additional 29 shares in the last quarter. KG&L Capital Management LLC boosted its position in O’Reilly Automotive by 6.9% in the third quarter. KG&L Capital Management LLC now owns 758 shares of the specialty retailer’s stock valued at $873,000 after buying an additional 49 shares in the last quarter. Optas LLC acquired a new position in O’Reilly Automotive in the third quarter valued at about $261,000. Princeton Global Asset Management LLC acquired a new position in O’Reilly Automotive in the third quarter valued at about $41,000. Finally, Principal Securities Inc. lifted its position in shares of O’Reilly Automotive by 8.0% during the third quarter. Principal Securities Inc. now owns 2,535 shares of the specialty retailer’s stock worth $2,919,000 after purchasing an additional 188 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dana Perlman sold 48 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,370 shares of company stock worth $18,333,966. 1.18% of the stock is currently owned by company 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, 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.