Zacks Research Analysts Cut Earnings Estimates for O’Reilly Automotive, Inc. (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for O’Reilly Automotive in a research report issued to clients and investors on Wednesday, August 7th. Zacks Research analyst L. Shahu now forecasts that the specialty retailer will earn $11.47 per share for the quarter, down from their prior estimate of $11.55. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.14 per share. Zacks Research also issued estimates for O’Reilly Automotive’s FY2024 earnings at $40.99 EPS and Q2 2025 earnings at $11.73 EPS.

ORLY has been the subject of a number of other research reports. Wells Fargo & Company decreased their target price on O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. UBS Group decreased their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. StockNews.com downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Evercore ISI decreased their target price on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Finally, DA Davidson upped their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,130.67.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $1,124.41 on Friday. The firm has a market cap of $66.22 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,169.11. The business has a 50 day moving average price of $1,050.41 and a 200-day moving average price of $1,056.42.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $10.22 EPS.

Insider Transactions at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the 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 sale, the director now directly owns 1,097 shares of the company’s stock, valued at $1,217,406.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Chairman Gregory L. Henslee sold 18,264 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,127.55, for a total transaction of $20,593,573.20. Following the sale, the chairman now directly owns 13,347 shares of the company’s stock, valued at $15,049,409.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana Perlman sold 48 shares of the 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 sale, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,589 shares of company stock valued at $39,989,614. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors have recently modified their holdings of ORLY. Norges Bank purchased a new stake in shares of O’Reilly Automotive during the fourth quarter valued at $671,384,000. Wellington Management Group LLP boosted its position in shares of O’Reilly Automotive by 656.2% during the fourth quarter. Wellington Management Group LLP now owns 457,625 shares of the specialty retailer’s stock valued at $434,780,000 after buying an additional 397,108 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of O’Reilly Automotive by 56.2% during 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. Bank of New York Mellon Corp boosted its position in shares of O’Reilly Automotive by 15.0% during the first quarter. Bank of New York Mellon Corp now owns 1,406,513 shares of the specialty retailer’s stock valued at $1,587,784,000 after buying an additional 183,296 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of O’Reilly Automotive by 4,574.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 129,145 shares of the specialty retailer’s stock valued at $122,698,000 after buying an additional 126,382 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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.