O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) – Equities research analysts at DA Davidson raised their Q3 2022 EPS estimates for shares of O’Reilly Automotive in a research note issued to investors on Friday, September 16th. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings of $8.38 per share for the quarter, up from their previous estimate of $8.30. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $31.61 per share.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.98 by ($0.20). O’Reilly Automotive had a negative return on equity of 520.10% and a net margin of 15.55%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the firm posted $8.33 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year.
ORLY has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of O’Reilly Automotive from $635.00 to $690.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 24th. The Goldman Sachs Group upped their target price on shares of O’Reilly Automotive from $667.00 to $745.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Wells Fargo & Company lowered their target price on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Royal Bank of Canada lowered their target price on shares of O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday, July 29th. Finally, Truist Financial lowered their target price on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $758.43.
O’Reilly Automotive Stock Performance
NASDAQ:ORLY opened at $693.51 on Monday. The company has a market cap of $43.91 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.76 and a beta of 0.99. The firm’s 50-day moving average is $704.26 and its 200-day moving average is $672.41. O’Reilly Automotive has a 52-week low of $562.90 and a 52-week high of $750.88.
Hedge Funds Weigh In On O’Reilly Automotive
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 2.6% during the first quarter. Vanguard Group Inc. now owns 5,356,012 shares of the specialty retailer’s stock worth $3,668,654,000 after purchasing an additional 136,848 shares in the last quarter. State Street Corp lifted its holdings in O’Reilly Automotive by 1.9% in the fourth quarter. State Street Corp now owns 2,850,959 shares of the specialty retailer’s stock valued at $2,013,433,000 after buying an additional 53,727 shares during the period. Principal Financial Group Inc. lifted its holdings in O’Reilly Automotive by 10.8% in the second quarter. Principal Financial Group Inc. now owns 1,829,485 shares of the specialty retailer’s stock valued at $1,155,795,000 after buying an additional 178,046 shares during the period. FMR LLC lifted its holdings in O’Reilly Automotive by 4.2% in the second quarter. FMR LLC now owns 1,315,334 shares of the specialty retailer’s stock valued at $830,976,000 after buying an additional 52,634 shares during the period. Finally, Invesco Ltd. lifted its holdings in O’Reilly Automotive by 29.8% in the first quarter. Invesco Ltd. now owns 1,109,137 shares of the specialty retailer’s stock valued at $759,715,000 after buying an additional 254,823 shares during the period. 84.03% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at O’Reilly Automotive
In other O’Reilly Automotive news, Chairman David E. Oreilly sold 5,200 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $742.66, for a total value of $3,861,832.00. Following the transaction, the chairman now directly owns 67,752 shares in the company, valued at $50,316,700.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Gregory D. Johnson sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $750.19, for a total transaction of $225,057.00. Following the transaction, the chief executive officer now directly owns 4,671 shares in the company, valued at $3,504,137.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David E. Oreilly sold 5,200 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $742.66, for a total transaction of $3,861,832.00. Following the transaction, the chairman now owns 67,752 shares in the company, valued at $50,316,700.32. The disclosure for this sale can be found here. Insiders have sold a total of 51,444 shares of company stock worth $37,192,687 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.
About O’Reilly Automotive
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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