Roth Capital Has Negative Estimate for ORLY FY2024 Earnings

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Analysts at Roth Capital decreased their FY2024 EPS estimates for O’Reilly Automotive in a research note issued on Monday, October 28th. Roth Capital analyst S. Stember now anticipates 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 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.

Several other research analysts have also recently commented on the stock. TD Cowen upped their target price on shares of O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays increased their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Finally, UBS Group lowered their price target on 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 equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,242.13.

O’Reilly Automotive Stock Down 1.2 %

ORLY stock opened at $1,162.21 on Tuesday. The stock has a market cap of $67.42 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.42 and a beta of 0.92. The firm’s 50-day simple moving average is $1,153.49 and its 200 day simple moving average is $1,083.96. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,221.18.

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

Insider Activity

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the sale, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 1,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1,118.88, for a total transaction of $1,118,880.00. Following the completion of the transaction, the chairman now owns 183,583 shares of the company’s stock, valued at $205,407,347.04. The trade was 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. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total value of $1,751,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,370 shares of company stock valued at $18,333,966. Insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC increased its position in O’Reilly Automotive by 383.3% during the third quarter. Trifecta Capital Advisors LLC now owns 29 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 23 shares during the period. Princeton Global Asset Management LLC acquired a new stake in O’Reilly Automotive in the 3rd quarter worth $41,000. Crewe Advisors LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter worth about $43,000. Kings Path Partners LLC acquired a new position in shares of O’Reilly Automotive during the second quarter valued at about $44,000. Finally, ORG Partners LLC acquired a new position in shares of O’Reilly Automotive during the second quarter valued at about $48,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.