Wedbush Increases Earnings Estimates for O’Reilly Automotive

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Investment analysts at Wedbush upped their Q4 2024 earnings estimates for O’Reilly Automotive in a research report issued on Thursday, October 24th. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings per share of $9.88 for the quarter, up from their previous forecast of $9.56. Wedbush currently has a “Neutral” rating and a $1,200.00 target price on the stock. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $41.05 per share. Wedbush also issued estimates for O’Reilly Automotive’s Q3 2025 earnings at $12.33 EPS.

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 the consensus estimate of $11.53 by ($0.12). O’Reilly Automotive had a negative return on equity of 146.57% and a net margin of 14.57%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $10.72 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

ORLY has been the topic of a number of other research reports. Morgan Stanley raised their price objective on O’Reilly Automotive from $1,100.00 to $1,150.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group lowered their price target on shares of O’Reilly Automotive from $1,275.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Truist Financial upped 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 note on Monday, October 14th. Royal Bank of Canada decreased their target price on shares of O’Reilly Automotive from $1,124.00 to $1,115.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Roth Capital upgraded O’Reilly Automotive to a “strong-buy” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,209.56.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $1,199.77 on Friday. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,221.18. The firm has a market capitalization of $69.60 billion, a PE ratio of 30.20, a P/E/G ratio of 2.29 and a beta of 0.92. The business’s 50 day moving average price is $1,147.32 and its 200-day moving average price is $1,080.64.

Institutional Trading of O’Reilly Automotive

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in shares of O’Reilly Automotive by 3.8% in the 1st quarter. Nordea Investment Management AB now owns 60,057 shares of the specialty retailer’s stock valued at $68,327,000 after purchasing an additional 2,214 shares in the last quarter. Bank Pictet & Cie Asia Ltd. acquired a new position in shares of O’Reilly Automotive during the 2nd quarter worth about $800,000. Handelsbanken Fonder AB increased its holdings in shares of O’Reilly Automotive by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,964 shares of the specialty retailer’s stock valued at $34,507,000 after acquiring an additional 727 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of O’Reilly Automotive by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,814 shares of the specialty retailer’s stock worth $16,723,000 after acquiring an additional 701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in O’Reilly Automotive by 90.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,638 shares of the specialty retailer’s stock worth $15,458,000 after purchasing an additional 6,954 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at O’Reilly Automotive

In other news, Director Dana Perlman sold 48 shares of the stock in a transaction dated 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 sale, the director now owns 1,097 shares of the company’s stock, valued at approximately $1,217,406.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gregory D. Johnson sold 15,364 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $1,136.16, for a total transaction of $17,455,962.24. Following the completion of the transaction, the director now directly owns 5,016 shares of the company’s stock, valued at $5,698,978.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dana Perlman sold 48 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 1,097 shares in the company, valued at $1,217,406.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,411 shares of company stock worth $56,846,062 in the last three months. 1.55% of the stock is owned by company 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.