O'Reilly Automotive, Inc. Expected to Earn Q3 2023 Earnings of $9.92 Per Share (NASDAQ:ORLY)

O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) - Stock analysts at Zacks Research reduced their Q3 2023 earnings per share (EPS) estimates for shares of O'Reilly Automotive in a research report issued on Wednesday, August 9th. Zacks Research analyst R. Singhi now forecasts that the specialty retailer will post earnings of $9.92 per share for the quarter, down from their previous forecast of $9.98. The consensus estimate for O'Reilly Automotive's current full-year earnings is $37.66 per share. Zacks Research also issued estimates for O'Reilly Automotive's Q4 2023 earnings at $8.96 EPS, FY2023 earnings at $37.38 EPS, Q1 2024 earnings at $9.09 EPS, Q2 2024 earnings at $10.66 EPS, Q3 2024 earnings at $10.59 EPS, Q4 2024 earnings at $9.91 EPS, FY2024 earnings at $40.25 EPS and Q2 2025 earnings at $11.16 EPS.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The specialty retailer reported $10.22 EPS for the quarter, topping the consensus estimate of $10.05 by $0.17. O'Reilly Automotive had a negative return on equity of 163.68% and a net margin of 14.84%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $8.78 EPS. O'Reilly Automotive's quarterly revenue was up 10.8% on a year-over-year basis.

ORLY has been the subject of several other reports. Wells Fargo & Company boosted their price objective on O'Reilly Automotive from $985.00 to $1,075.00 in a research note on Thursday, July 20th. DA Davidson boosted their target price on O'Reilly Automotive from $975.00 to $1,050.00 in a report on Friday, April 28th. William Blair assumed coverage on O'Reilly Automotive in a report on Thursday, August 3rd. They set an "outperform" rating on the stock. Evercore ISI boosted their target price on O'Reilly Automotive from $945.00 to $950.00 in a report on Tuesday, April 25th. Finally, Truist Financial boosted their target price on O'Reilly Automotive from $992.00 to $1,038.00 in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $967.40.

Get Our Latest Analysis on O'Reilly Automotive

NASDAQ:ORLY opened at $943.56 on Monday. O'Reilly Automotive has a 12 month low of $680.00 and a 12 month high of $975.72. The stock has a 50 day moving average of $935.52 and a two-hundred day moving average of $891.28. The firm has a market cap of $56.86 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86.

In other O'Reilly Automotive news, Director Andrea Weiss sold 200 shares of the company's stock in a transaction on Monday, August 7th. The stock was sold at an average price of $931.34, for a total transaction of $186,268.00. Following the transaction, the director now directly owns 1,127 shares in the company, valued at $1,049,620.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Gregory L. Henslee sold 7,633 shares of the company's stock in a transaction on Monday, August 7th. The stock was sold at an average price of $935.71, for a total transaction of $7,142,274.43. Following the sale, the chairman now owns 8,378 shares of the company's stock, valued at $7,839,378.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Weiss sold 200 shares of the company's stock in a transaction on Monday, August 7th. The stock was sold at an average price of $931.34, for a total value of $186,268.00. Following the sale, the director now directly owns 1,127 shares in the company, valued at approximately $1,049,620.18. The disclosure for this sale can be found here. Insiders have sold 8,583 shares of company stock worth $8,030,107 over the last ninety days. Corporate insiders own 1.55% of the company's stock.

A number of large investors have recently modified their holdings of ORLY. Atticus Wealth Management LLC increased its holdings in O'Reilly Automotive by 57.9% in the second quarter. Atticus Wealth Management LLC now owns 30 shares of the specialty retailer's stock valued at $29,000 after buying an additional 11 shares during the last quarter. Ancora Advisors LLC purchased a new position in O'Reilly Automotive in the fourth quarter valued at $30,000. Venturi Wealth Management LLC purchased a new position in O'Reilly Automotive in the first quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new position in O'Reilly Automotive in the first quarter valued at $33,000. Finally, Arlington Partners LLC increased its holdings in O'Reilly Automotive by 616.7% in the first quarter. Arlington Partners LLC now owns 43 shares of the specialty retailer's stock valued at $37,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 85.08% of the company's stock.

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 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.

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