Roth Capital Weighs in on O’Reilly Automotive, Inc.’s Q3 2024 Earnings (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Roth Capital issued their Q3 2024 earnings estimates for shares of O’Reilly Automotive in a report issued on Tuesday, October 15th. Roth Capital analyst S. Stember expects that the specialty retailer will post earnings per share of $11.08 for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.10 per share. Roth Capital also issued estimates for O’Reilly Automotive’s Q4 2024 earnings at $10.11 EPS, Q1 2025 earnings at $10.66 EPS, Q2 2025 earnings at $11.70 EPS, Q3 2025 earnings at $12.35 EPS, Q4 2025 earnings at $11.20 EPS and FY2026 earnings at $53.46 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $10.55 EPS for the quarter, missing the consensus estimate of $10.98 by ($0.43). The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.32 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $10.22 EPS.

Several other equities analysts have also weighed in on ORLY. Bank of America raised their price objective 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. Wedbush restated a “neutral” rating and set a $1,100.00 price objective on shares of O’Reilly Automotive in a research report on Thursday, July 25th. Truist Financial raised their price objective 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 Monday. JPMorgan Chase & Co. raised their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Evercore ISI raised their price objective on shares of O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, O’Reilly Automotive has a consensus rating of “Moderate Buy” and an average target price of $1,206.87.

O’Reilly Automotive Trading Up 0.7 %

O’Reilly Automotive stock opened at $1,198.90 on Thursday. The stock has a market cap of $70.61 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.24 and a beta of 0.92. The company’s 50-day moving average price is $1,138.75 and its two-hundred day moving average price is $1,077.71. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,221.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. SageView Advisory Group LLC purchased a new position in O’Reilly Automotive during the fourth quarter valued at approximately $505,000. HighPoint Advisor Group LLC purchased a new position in O’Reilly Automotive during the fourth quarter valued at approximately $776,000. Nomura Holdings Inc. purchased a new position in O’Reilly Automotive during the fourth quarter valued at approximately $1,131,000. CWM LLC lifted its stake in O’Reilly Automotive by 51.9% in the first quarter. CWM LLC now owns 2,013 shares of the specialty retailer’s stock valued at $2,272,000 after acquiring an additional 688 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in O’Reilly Automotive in the first quarter valued at approximately $36,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at O’Reilly Automotive

In other news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Gregory D. Johnson sold 15,364 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $1,136.16, for a total value of $17,455,962.24. Following the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dana Perlman sold 48 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the transaction, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,411 shares of company stock valued at $56,846,062 over the last ninety days. Corporate insiders own 1.55% 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, 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.