News

Jul 23, 2023

Brokers Offer Predictions for O'Reilly Automotive, Inc.'s Q3 2023 Earnings (NASDAQ:ORLY)

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - DA Davidson issued their Q3 2023 earnings per share estimates for O'Reilly Automotive in a report released on Friday, July 28th. DA Davidson

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - DA Davidson issued their Q3 2023 earnings per share estimates for O'Reilly Automotive in a report released on Friday, July 28th. DA Davidson analyst M. Baker forecasts that the specialty retailer will post earnings per share of $10.11 for the quarter. The consensus estimate for O'Reilly Automotive's current full-year earnings is $37.63 per share. DA Davidson also issued estimates for O'Reilly Automotive's FY2023 earnings at $37.92 EPS and FY2024 earnings at $42.48 EPS.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, beating the consensus estimate of $10.05 by $0.17. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. O'Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $8.78 earnings per share.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley increased their price target on O'Reilly Automotive from $830.00 to $900.00 and gave the company an "equal weight" rating in a research note on Thursday, April 20th. Barclays increased their price target on O'Reilly Automotive from $868.00 to $954.00 in a research note on Friday. Royal Bank of Canada increased their price target on O'Reilly Automotive from $975.00 to $988.00 in a research note on Friday. UBS Group increased their price target on O'Reilly Automotive from $940.00 to $1,055.00 in a research note on Friday, April 28th. Finally, Wells Fargo & Company raised their target price on O'Reilly Automotive from $985.00 to $1,075.00 in a research note on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $953.50.

Shares of ORLY stock opened at $928.79 on Monday. The stock has a market cap of $56.54 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.88 and a beta of 0.88. The stock has a 50-day moving average of $932.91 and a 200-day moving average of $883.01. O'Reilly Automotive has a 1-year low of $680.00 and a 1-year high of $975.72.

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in O'Reilly Automotive by 2.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 100,421 shares of the specialty retailer's stock worth $85,256,000 after acquiring an additional 2,586 shares during the period. Meritage Portfolio Management bought a new stake in shares of O'Reilly Automotive in the fourth quarter valued at $6,399,000. Diversified Trust Co raised its stake in shares of O'Reilly Automotive by 75.5% in the first quarter. Diversified Trust Co now owns 951 shares of the specialty retailer's stock valued at $807,000 after buying an additional 409 shares during the period. Brinker Capital Investments LLC raised its stake in shares of O'Reilly Automotive by 2.1% in the fourth quarter. Brinker Capital Investments LLC now owns 786 shares of the specialty retailer's stock valued at $663,000 after buying an additional 16 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of O'Reilly Automotive by 56.5% in the first quarter. Los Angeles Capital Management LLC now owns 46,922 shares of the specialty retailer's stock valued at $39,836,000 after buying an additional 16,932 shares during the period. 85.08% of the stock is currently owned by institutional investors.

In other news, SVP Jeffrey Alan Lauro sold 49 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $960.00, for a total value of $47,040.00. Following the transaction, the senior vice president now owns 776 shares in the company, valued at $744,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Thomas Mcfall sold 4,025 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $962.02, for a total value of $3,872,130.50. Following the transaction, the executive vice president now owns 5,901 shares in the company, valued at $5,676,880.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Alan Lauro sold 49 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $960.00, for a total value of $47,040.00. Following the completion of the transaction, the senior vice president now owns 776 shares in the company, valued at approximately $744,960. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,443 shares of company stock valued at $41,584,807. Company insiders own 1.55% of the company's stock.

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 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.

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