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

O’Reilly Automotive (NASDAQ:ORLY) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $41.35-41.85 for the period, compared to the consensus EPS 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 also updated its FY 2024 guidance to 41.350-41.850 EPS.

O’Reilly Automotive Trading Down 0.9 %

NASDAQ:ORLY traded down $9.60 during trading hours on Friday, reaching $1,044.53. 185,299 shares of the company were exchanged, compared to its average volume of 370,771. The stock’s 50-day moving average is $1,097.34 and its 200-day moving average is $1,014.62. The firm has a market cap of $61.66 billion, a PE ratio of 26.58, a price-to-earnings-growth 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.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.99 billion. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 139.08%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $8.28 earnings per share. As a group, research analysts anticipate that O’Reilly Automotive will post 42.1 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORLY. StockNews.com upgraded shares of O’Reilly Automotive from a hold rating to a buy rating in a research report on Thursday. UBS Group upped their price objective on shares of O’Reilly Automotive from $1,125.00 to $1,275.00 and gave the company a buy rating in a report on Wednesday, April 17th. Wedbush reissued a neutral rating and issued a $1,100.00 price objective on shares of O’Reilly Automotive in a report on Thursday. Truist Financial dropped their price objective on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating for the company in a report on Friday. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They issued a buy rating and a $1,225.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $1,106.31.

Insider Transactions at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 269 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the sale, the director now owns 950 shares in the company, valued at approximately $987,316. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction, the senior vice president now directly owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Raymond Murphy sold 269 shares of O’Reilly Automotive stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,039.28, for a total transaction of $279,566.32. Following the completion of the transaction, the director now directly owns 950 shares in the company, valued at $987,316. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,968 shares of company stock worth $27,269,333. 1.55% of the stock is currently owned by insiders.

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.