Equities analysts predict that O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) will post sales of $3.71 billion for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for O’Reilly Automotive’s earnings, with the highest sales estimate coming in at $3.79 billion and the lowest estimate coming in at $3.64 billion. O’Reilly Automotive reported sales of $3.47 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that O’Reilly Automotive will report full year sales of $14.30 billion for the current financial year, with estimates ranging from $14.20 billion to $14.41 billion. For the next fiscal year, analysts anticipate that the company will report sales of $15.03 billion, with estimates ranging from $14.79 billion to $15.25 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow O’Reilly Automotive.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business earned $7.06 earnings per share.
A number of research firms recently commented on ORLY. Wedbush increased their price target on O’Reilly Automotive from $650.00 to $660.00 and gave the company a “neutral” rating in a research report on Thursday, February 10th. Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price objective for the company in a research note on Tuesday, May 10th. Jefferies Financial Group upped their price objective on O’Reilly Automotive from $740.00 to $765.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Wells Fargo & Company upped their price objective on O’Reilly Automotive from $780.00 to $800.00 and gave the company an “overweight” rating in a research note on Tuesday, April 19th. Finally,StockNews.com
began coverage on O’Reilly Automotive in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $718.25.
Shares of ORLY opened at $572.57 on Monday. O’Reilly Automotive has a 52-week low of $519.32 and a 52-week high of $748.68. The business’s fifty day moving average is $674.41 and its 200-day moving average is $667.45. The firm has a market cap of $37.63 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.46 and a beta of 1.04.
In related news, SVP Richard Darin Venosdel sold 4,754 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $725.00, for a total transaction of $3,446,650.00. Following the transaction, the senior vice president now directly owns 4,200 shares in the company, valued at approximately $3,045,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey Alan Lauro acquired 80 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The stock was acquired at an average price of $630.00 per share, for a total transaction of $50,400.00. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV raised its position in shares of O’Reilly Automotive by 0.3% during the 3rd quarter. Resources Management Corp CT ADV now owns 6,312 shares of the specialty retailer’s stock valued at $3,857,000 after buying an additional 16 shares during the period. Clarius Group LLC grew its stake in shares of O’Reilly Automotive by 1.8% during the fourth quarter. Clarius Group LLC now owns 969 shares of the specialty retailer’s stock worth $684,000 after purchasing an additional 17 shares in the last quarter. Red Door Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 2.7% during the first quarter. Red Door Wealth Management LLC now owns 646 shares of the specialty retailer’s stock worth $442,000 after purchasing an additional 17 shares in the last quarter. Plancorp LLC grew its stake in shares of O’Reilly Automotive by 1.5% during the first quarter. Plancorp LLC now owns 1,119 shares of the specialty retailer’s stock worth $766,000 after purchasing an additional 17 shares in the last quarter. Finally, Corbett Road Capital Management LLC grew its stake in shares of O’Reilly Automotive by 3.0% during the fourth quarter. Corbett Road Capital Management LLC now owns 628 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 82.76% of the company’s stock.
O’Reilly Automotive Company Profile (Get Rating)
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. 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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