O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) – Research analysts at DA Davidson issued their Q3 2022 earnings per share estimates for O’Reilly Automotive in a note issued to investors on Friday, July 29th. DA Davidson analyst M. Baker forecasts that the specialty retailer will post earnings of $8.30 per share for the quarter. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $32.64 per share.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $8.78 earnings per share for the quarter, missing the consensus estimate of $8.98 by ($0.20). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. O’Reilly Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $8.33 earnings per share.
Several other research firms have also issued reports on ORLY. Morgan Stanley dropped their price objective on O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating for the company in a research note on Thursday. Citigroup reissued a “maintains” rating on shares of O’Reilly Automotive in a research note on Friday. Royal Bank of Canada dropped their price objective on O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday. Wells Fargo & Company dropped their price objective on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. Finally, MKM Partners lifted their price objective on O’Reilly Automotive from $700.00 to $770.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $742.50.
O’Reilly Automotive Stock Performance
Shares of NASDAQ ORLY opened at $703.59 on Monday. The stock has a market cap of $46.24 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. O’Reilly Automotive has a fifty-two week low of $562.90 and a fifty-two week high of $748.68. The stock has a fifty day moving average of $641.35 and a 200-day moving average of $658.23.
Insider Activity
In related news, SVP Jeffrey Lynn Groves bought 175 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $572.77 per share, with a total value of $100,234.75. Following the purchase, the senior vice president now owns 721 shares in the company, valued at approximately $412,967.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Jeffrey Lynn Groves bought 175 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $572.77 per share, with a total value of $100,234.75. Following the purchase, the senior vice president now owns 721 shares in the company, valued at approximately $412,967.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Adam Fletcher purchased 835 shares of O’Reilly Automotive stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the acquisition, the chief financial officer now owns 1,897 shares in the company, valued at $1,138,200. The disclosure for this purchase can be found here. 1.73% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in O’Reilly Automotive by 9.3% during the 1st quarter. Parallel Advisors LLC now owns 550 shares of the specialty retailer’s stock valued at $383,000 after purchasing an additional 47 shares during the period. Veriti Management LLC grew its holdings in shares of O’Reilly Automotive by 11.5% during the 1st quarter. Veriti Management LLC now owns 561 shares of the specialty retailer’s stock worth $384,000 after acquiring an additional 58 shares during the period. Wesbanco Bank Inc. grew its holdings in shares of O’Reilly Automotive by 50.7% during the 1st quarter. Wesbanco Bank Inc. now owns 841 shares of the specialty retailer’s stock worth $576,000 after acquiring an additional 283 shares during the period. Forum Financial Management LP purchased a new position in shares of O’Reilly Automotive during the 4th quarter worth approximately $520,000. Finally, Calamos Advisors LLC grew its holdings in shares of O’Reilly Automotive by 4.0% during the 4th quarter. Calamos Advisors LLC now owns 26,403 shares of the specialty retailer’s stock worth $18,647,000 after acquiring an additional 1,022 shares during the period. Hedge funds and other institutional investors own 82.76% 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. 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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