Zacks Research Has Negative Outlook of ORLY FY2024 Earnings

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a research note issued to investors on Wednesday, November 6th. Zacks Research analyst R. Department now anticipates that the specialty retailer will post earnings of $40.91 per share for the year, down from their prior forecast of $40.99. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $40.81 per share. Zacks Research also issued estimates for O’Reilly Automotive’s Q4 2024 earnings at $9.75 EPS, Q1 2025 earnings at $10.17 EPS, Q2 2025 earnings at $11.79 EPS, Q3 2025 earnings at $12.24 EPS, Q4 2025 earnings at $10.70 EPS, FY2025 earnings at $44.90 EPS, Q2 2026 earnings at $12.83 EPS, Q3 2026 earnings at $13.23 EPS and FY2026 earnings at $49.84 EPS.

ORLY has been the topic of a number of other reports. Wedbush reissued a “neutral” rating and issued a $1,200.00 price objective on shares of O’Reilly Automotive in a research note on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and set a $1,337.00 target price on shares of O’Reilly Automotive in a research report on Wednesday, October 16th. Royal Bank of Canada upped their target price on shares of O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Bank of America boosted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,242.13.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $1,228.52 on Monday. O’Reilly Automotive has a fifty-two week low of $914.50 and a fifty-two week high of $1,241.29. The stock has a market cap of $71.27 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. The stock’s 50-day moving average is $1,161.22 and its two-hundred day moving average is $1,088.52.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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 firm 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 firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $10.72 earnings per share.

Institutional Trading of O’Reilly Automotive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in O’Reilly Automotive by 99,957.0% during the 3rd quarter. International Assets Investment Management LLC now owns 854,487 shares of the specialty retailer’s stock worth $984,027,000 after buying an additional 853,633 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of O’Reilly Automotive by 10,626.8% during the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the specialty retailer’s stock worth $5,393,000 after buying an additional 482,670 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of O’Reilly Automotive by 56.2% in the first quarter. JPMorgan Chase & Co. now owns 1,045,512 shares of the specialty retailer’s stock valued at $1,180,259,000 after buying an additional 376,167 shares during the last quarter. CCLA Investment Management acquired a new position in O’Reilly Automotive during the first quarter worth about $95,481,000. Finally, Marshall Wace LLP grew its stake in O’Reilly Automotive by 809.8% during the 2nd quarter. Marshall Wace LLP now owns 90,978 shares of the specialty retailer’s stock valued at $96,078,000 after acquiring an additional 80,978 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 13,765 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1,119.52, for a total value of $15,410,192.80. Following the completion of the sale, the director now owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Lawrence P. Oreilly sold 13,765 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1,119.52, for a total transaction of $15,410,192.80. Following the transaction, the director now owns 141,589 shares of the company’s stock, valued at approximately $158,511,717.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David E. Oreilly sold 1,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1,118.88, for a total value of $1,118,880.00. Following the transaction, the chairman now owns 183,583 shares in the company, valued at $205,407,347.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,322 shares of company stock valued at $18,280,698 over the last quarter. Corporate insiders own 1.55% 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.