DA Davidson Issues Pessimistic Estimate for ORLY Earnings

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Research analysts at DA Davidson decreased their Q3 2024 earnings estimates for O’Reilly Automotive in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings of $11.59 per share for the quarter, down from their prior estimate of $11.71. DA Davidson has a “Buy” rating and a $1,275.00 price objective on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.05 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 announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $11.41 EPS for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.42 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The business’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 posted $10.72 earnings per share.

A number of other equities analysts also recently commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $1,337.00 target price on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Truist Financial upped their price objective 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 Monday, October 14th. Wells Fargo & Company upped their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada cut their price objective on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,209.56.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $1,199.77 on Wednesday. The company has a market capitalization of $69.60 billion, a PE ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a 50-day simple moving average of $1,147.32 and a two-hundred day simple moving average of $1,080.64. O’Reilly Automotive has a one year low of $860.10 and a one year high of $1,221.18.

Insider Activity

In other O’Reilly Automotive news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,411 shares of company stock worth $56,846,062 in the last quarter. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of O’Reilly Automotive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trifecta Capital Advisors LLC increased its stake in shares of O’Reilly Automotive by 383.3% in the 3rd 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 last quarter. Indiana Trust & Investment Management CO increased its stake in shares of O’Reilly Automotive by 325.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 34 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of O’Reilly Automotive in the 1st quarter worth $41,000. Crewe Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 1st quarter worth $43,000. Finally, Kings Path Partners LLC acquired a new stake in shares of O’Reilly Automotive in the 2nd quarter worth $44,000. 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.