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

O’Reilly Automotive (NASDAQ:ORLY) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $40.75-$41.25 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson increased their target price on O’Reilly Automotive from $1,200.00 to $1,275.00 and gave the stock a buy rating in a research report on Friday. Truist Financial increased their target price on O’Reilly Automotive from $1,143.00 to $1,204.00 and gave the stock a buy rating in a research report on Friday. UBS Group cut their target price on O’Reilly Automotive from $1,275.00 to $1,250.00 and set a buy rating for the company in a research report on Thursday, July 18th. Royal Bank of Canada cut their target price on O’Reilly Automotive from $1,124.00 to $1,115.00 and set an outperform rating for the company in a research report on Friday. Finally, Evercore ISI cut their price target on O’Reilly Automotive from $1,250.00 to $1,225.00 and set an outperform rating for the company in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of Moderate Buy and a consensus price target of $1,130.67.

O’Reilly Automotive Trading Up 1.9 %

Shares of NASDAQ:ORLY traded up $20.79 on Friday, reaching $1,113.70. The company had a trading volume of 334,260 shares, compared to its average volume of 397,173. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11. The firm’s 50 day simple moving average is $1,019.39 and its 200-day simple moving average is $1,044.87. The firm has a market capitalization of $65.59 billion, a PE ratio of 28.31, a PEG ratio of 1.94 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 the consensus estimate of $10.98 by ($0.43). O’Reilly Automotive had a negative return on equity of 145.52% and a net margin of 14.57%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter last year, the firm earned $10.22 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that O’Reilly Automotive will post 41.6 earnings per share for the current year.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other O’Reilly Automotive news, Director Lawrence P. Oreilly sold 1,500 shares of O’Reilly Automotive stock in a transaction dated 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 sale, the director now owns 31,613 shares of the company’s stock, valued at approximately $30,016,543.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brad W. Beckham sold 6,032 shares of O’Reilly Automotive stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $1,015.00, for a total value 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 disclosure for this sale can be found here. 1.55% of the stock is owned by company 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.