Wedbush Decreases Earnings Estimates for O’Reilly Automotive

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Research analysts at Wedbush reduced their FY2024 earnings per share estimates for shares of O’Reilly Automotive in a report released on Thursday, October 24th. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $41.04 per share for the year, down from their previous forecast of $41.13. Wedbush currently has a “Neutral” rating and a $1,200.00 target price on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $40.85 per share. Wedbush also issued estimates for O’Reilly Automotive’s Q1 2025 earnings at $10.20 EPS, Q2 2025 earnings at $11.67 EPS, Q4 2025 earnings at $10.55 EPS, FY2025 earnings at $44.56 EPS and FY2026 earnings at $48.74 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last issued its 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). O’Reilly Automotive had a net margin of 14.52% and a negative return on equity of 155.25%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company earned $10.72 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.

A number of other analysts also recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $1,337.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 16th. Morgan Stanley raised their target price on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,115.00 to $1,286.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised their price objective on O’Reilly Automotive from $986.00 to $1,088.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,242.13.

O’Reilly Automotive Trading Up 0.2 %

O’Reilly Automotive stock opened at $1,197.11 on Monday. The company has a 50-day moving average price of $1,152.02 and a 200 day moving average price of $1,082.71. O’Reilly Automotive has a 12-month low of $914.50 and a 12-month high of $1,221.18. The stock has a market cap of $69.44 billion, a P/E ratio of 29.62, a PEG ratio of 2.42 and a beta of 0.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ORLY. Trifecta Capital Advisors LLC boosted its holdings 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 valued at $33,000 after buying an additional 23 shares in the last quarter. Crewe Advisors LLC acquired a new position in O’Reilly Automotive in the first quarter valued at $43,000. Kings Path Partners LLC purchased a new position in shares of O’Reilly Automotive during the second quarter worth about $44,000. ORG Partners LLC purchased a new position in shares of O’Reilly Automotive during the second quarter worth about $48,000. Finally, Boit C F David purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $56,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman David E. Oreilly sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now directly owns 183,583 shares in the company, valued at approximately $205,407,347.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred 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 in the company, 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 SEC, which is available at this link. Also, SVP Christopher Andrew Mancini sold 1,557 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. In the last quarter, insiders sold 31,734 shares of company stock worth $35,789,929. 1.18% of the stock is currently owned by company insiders.

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.