O’Reilly Automotive (NASDAQ:ORLY) Updates FY 2024 Earnings Guidance

O’Reilly Automotive (NASDAQ:ORLY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 40.600-41.100 for the period, compared to the consensus earnings per share estimate of 41.280. The company issued revenue guidance of $16.6 billion-$16.8 billion, compared to the consensus revenue estimate of $16.8 billion. O’Reilly Automotive also updated its FY24 guidance to $40.60 to $41.10 EPS.

O’Reilly Automotive Trading Up 0.0 %

Shares of ORLY traded up $0.52 during midday trading on Thursday, reaching $1,199.77. The stock had a trading volume of 430,628 shares, compared to its average volume of 374,956. The company’s 50-day moving average is $1,147.32 and its 200 day moving average is $1,080.64. O’Reilly Automotive has a 12-month low of $860.10 and a 12-month high of $1,221.18. The company has a market capitalization of $70.66 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.53 by ($0.12). The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.72 earnings per share. Research analysts forecast that O’Reilly Automotive will post 41.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several analyst reports. Truist Financial increased their target price on O’Reilly Automotive from $1,204.00 to $1,290.00 and gave the company a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $1,125.00 to $1,300.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI increased their target price on O’Reilly Automotive from $1,215.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush restated a “neutral” rating and set a $1,200.00 target price on shares of O’Reilly Automotive in a report on Thursday. Finally, Roth Capital raised O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,209.56.

Insider Transactions at O’Reilly Automotive

In related news, Director Dana Perlman sold 48 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,109.76, for a total transaction of $53,268.48. Following the completion of the transaction, the director now owns 1,097 shares of the company’s stock, valued at $1,217,406.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 1,557 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dana Perlman sold 48 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,109.76, for a total value of $53,268.48. Following the sale, the director now owns 1,097 shares in the company, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,411 shares of company stock valued at $56,846,062. 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.