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

O’Reilly Automotive (NASDAQ:ORLY) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $41.35-41.85 for the period, compared to the consensus estimate of $42.45. The company issued revenue guidance of $16.8-17.1 billion, compared to the consensus revenue estimate of $16.95 billion.

O’Reilly Automotive Trading Up 0.0 %

NASDAQ ORLY traded up $0.35 during mid-day trading on Wednesday, hitting $1,092.70. The company’s stock had a trading volume of 387,495 shares, compared to its average volume of 365,378. The firm has a market capitalization of $64.50 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The company’s 50 day simple moving average is $1,096.35 and its 200 day simple moving average is $1,013.79.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping the consensus estimate of $9.07 by $0.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $8.37 EPS. As a group, research analysts forecast that O’Reilly Automotive will post 42.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush increased their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price target on shares of O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Barclays raised their target price on shares of O’Reilly Automotive from $954.00 to $986.00 and gave the company an equal weight rating in a report on Thursday, January 4th. UBS Group raised their price objective on O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, Mizuho initiated coverage on O’Reilly Automotive in a report on Tuesday, March 19th. They set a buy rating and a $1,225.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $1,115.19.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares of the company’s stock, valued at $1,000,200.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Alan Lauro sold 431 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total value of $447,649.53. Following the completion of the sale, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 over the last quarter. 1.18% of the stock is currently owned by insiders.

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, 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.