O’Reilly Automotive (NASDAQ:ORLY) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

O’Reilly Automotive (NASDAQ:ORLY) issued its quarterly earnings results on Wednesday. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12), Briefing.com reports. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm earned $10.72 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. O’Reilly Automotive updated its FY24 guidance to $40.60 to $41.10 EPS and its FY 2024 guidance to 40.600-41.100 EPS.

O’Reilly Automotive Stock Up 0.0 %

Shares of NASDAQ:ORLY opened at $1,199.77 on Friday. The business has a fifty day simple moving average of $1,147.32 and a 200-day simple moving average of $1,080.64. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.18. The company has a market cap of $69.60 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 0.92.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 413 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total value of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares of the company’s stock, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $1,120.00, for a total value of $462,560.00. Following the transaction, the senior vice president now owns 265 shares in the company, valued at approximately $296,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana Perlman sold 48 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last 90 days. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORLY. Evercore ISI lifted their price target on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wedbush reaffirmed a “neutral” rating and set a $1,200.00 price target on shares of O’Reilly Automotive in a research note on Thursday. UBS Group cut their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Bank of America lifted their price target on shares of O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,209.56.

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.