O’Reilly Automotive (NASDAQ:ORLY) Issues FY24 Earnings Guidance

O’Reilly Automotive (NASDAQ:ORLY) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $40.75-$41.25 for the period, compared to the consensus earnings per share estimate of $41.81. The company issued revenue guidance of $16.6-$16.9 billion, compared to the consensus revenue estimate of $16.89 billion. O’Reilly Automotive also updated its FY 2024 guidance to 40.750-41.250 EPS.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a buy rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI decreased their price objective on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company dropped their price objective 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 reduced their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com cut O’Reilly Automotive from a buy rating to a hold rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $1,113.36.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock traded up $1.70 on Wednesday, hitting $1,050.71. The company had a trading volume of 558,372 shares, compared to its average volume of 394,183. The stock has a 50-day moving average of $1,017.66 and a 200-day moving average of $1,044.53. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The firm has a market capitalization of $61.88 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 earnings per share for the quarter, missing analysts’ consensus estimates of $11.10 by ($0.55). O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the company posted $10.22 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that O’Reilly Automotive will post 41.7 EPS for the current year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the completion of the transaction, the chief executive officer now owns 716 shares of the company’s stock, valued at approximately $726,740. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other O’Reilly Automotive news, CEO Brad W. Beckham sold 6,032 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,015.00, for a total transaction of $6,122,480.00. Following the sale, the chief executive officer now directly owns 716 shares of the company’s stock, valued at approximately $726,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence P. Oreilly sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $949.50, for a total value of $1,424,250.00. Following the completion of the transaction, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The disclosure for this sale can be found here. 1.55% of the stock is owned by 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.