O’Reilly Automotive (NASDAQ:ORLY) Releases Earnings Results, Misses Estimates By $0.55 EPS

O’Reilly Automotive (NASDAQ:ORLY) posted its quarterly earnings results on Wednesday. The specialty retailer reported $10.55 EPS for the quarter, missing analysts’ consensus estimates of $11.10 by ($0.55), Briefing.com reports. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.32 billion. O’Reilly Automotive had a negative return on equity of 145.86% and a net margin of 14.78%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $10.22 EPS. O’Reilly Automotive updated its FY24 guidance to $40.75-$41.25 EPS and its FY 2024 guidance to 40.750-41.250 EPS.

O’Reilly Automotive Trading Up 0.2 %

Shares of O’Reilly Automotive stock traded up $1.70 during trading on Wednesday, hitting $1,050.71. The stock had a trading volume of 558,372 shares, compared to its average volume of 394,183. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 0.92. O’Reilly Automotive has a 12 month low of $860.10 and a 12 month high of $1,169.11. The business’s 50-day moving average is $1,016.85 and its 200 day moving average is $1,044.49.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORLY. Evercore ISI lowered their price target on shares of O’Reilly Automotive from $1,250.00 to $1,225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Wells Fargo & Company lowered their price target on shares of O’Reilly Automotive from $1,300.00 to $1,200.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Wedbush reaffirmed a “neutral” rating and issued a $1,100.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 25th. StockNews.com cut shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Truist Financial lowered their price target on shares of O’Reilly Automotive from $1,212.00 to $1,143.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,113.36.

Insider Transactions at O’Reilly Automotive

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

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.