O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) – DA Davidson reduced their FY2023 earnings estimates for O’Reilly Automotive in a research report issued to clients and investors on Thursday, January 5th. DA Davidson analyst M. Baker now expects that the specialty retailer will earn $36.47 per share for the year, down from their previous forecast of $36.89. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $32.70 per share.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last issued its earnings results on Wednesday, October 26th. The specialty retailer reported $9.17 earnings per share for the quarter, topping analysts’ consensus estimates of $8.46 by $0.71. O’Reilly Automotive had a net margin of 15.39% and a negative return on equity of 319.55%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the firm posted $8.07 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.
Several other research analysts also recently commented on ORLY. UBS Group lifted their target price on shares of O’Reilly Automotive from $855.00 to $940.00 and gave the stock a “buy” rating in a report on Friday, October 28th. MKM Partners boosted their price target on shares of O’Reilly Automotive from $865.00 to $900.00 in a research report on Friday, December 9th. Wells Fargo & Company boosted their target price on shares of O’Reilly Automotive from $850.00 to $925.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial boosted their target price on shares of O’Reilly Automotive from $765.00 to $892.00 and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, Citigroup upped their target price on shares of O’Reilly Automotive from $770.00 to $855.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $826.67.
O’Reilly Automotive Stock Up 1.0 %
Shares of NASDAQ:ORLY opened at $842.52 on Monday. The firm has a fifty day moving average of $834.91 and a two-hundred day moving average of $750.67. The firm has a market capitalization of $52.72 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. O’Reilly Automotive has a 12-month low of $562.90 and a 12-month high of $870.92.
Insider Buying and Selling
In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $750.00, for a total value of $750,000.00. Following the completion of the sale, the senior vice president now owns 760 shares of the company’s stock, valued at $570,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Jeffrey Lynn Groves sold 500 shares of the firm’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $848.00, for a total transaction of $424,000.00. Following the completion of the transaction, the senior vice president now directly owns 225 shares in the company, valued at $190,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey Alan Lauro sold 1,000 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $750.00, for a total value of $750,000.00. Following the sale, the senior vice president now directly owns 760 shares in the company, valued at $570,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,127 shares of company stock worth $21,726,054. Insiders own 1.73% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. OLD National Bancorp IN increased its stake in O’Reilly Automotive by 25.7% in the 2nd quarter. OLD National Bancorp IN now owns 1,344 shares of the specialty retailer’s stock worth $849,000 after acquiring an additional 275 shares during the last quarter. PFG Advisors lifted its holdings in shares of O’Reilly Automotive by 13.1% in the 3rd quarter. PFG Advisors now owns 1,077 shares of the specialty retailer’s stock worth $758,000 after buying an additional 125 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of O’Reilly Automotive by 2.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,311 shares of the specialty retailer’s stock worth $2,092,000 after buying an additional 86 shares during the period. Cerity Partners LLC raised its position in shares of O’Reilly Automotive by 5.2% in the 2nd quarter. Cerity Partners LLC now owns 4,191 shares of the specialty retailer’s stock worth $2,647,000 after acquiring an additional 206 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in O’Reilly Automotive by 203.8% during the 3rd quarter. Ritholtz Wealth Management now owns 2,300 shares of the specialty retailer’s stock valued at $1,618,000 after buying an additional 1,543 shares in the last quarter. 90.50% 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. 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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