O’Reilly Automotive (NASDAQ:ORLY) Releases 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 (EPS) guidance of 41.350-41.850 for the period, compared to the consensus estimate of 42.400. The company issued revenue guidance of $16.8 billion-$17.1 billion, compared to the consensus revenue estimate of $17.0 billion. O’Reilly Automotive also updated its FY24 guidance to $41.35-41.85 EPS.

O’Reilly Automotive Trading Down 1.0 %

Shares of ORLY stock traded down $10.20 during midday trading on Friday, reaching $1,043.93. 335,118 shares of the stock were exchanged, compared to its average volume of 371,518. O’Reilly Automotive has a 1 year low of $860.10 and a 1 year high of $1,169.11. The company’s 50 day moving average is $1,097.34 and its two-hundred day moving average is $1,014.62. The firm has a market cap of $61.62 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 (NASDAQ:ORLY) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $9.20 EPS for the quarter, topping analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a negative return on equity of 139.08% and a net margin of 14.78%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm posted $8.28 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORLY. Evercore ISI lowered their price objective on O’Reilly Automotive from $1,220.00 to $1,200.00 and set an outperform rating on the stock in a research report on Friday. Truist Financial decreased their target price on shares of O’Reilly Automotive from $1,234.00 to $1,212.00 and set a buy rating for the company in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the company a buy rating in a research note on Friday, February 9th. Wedbush reiterated a neutral rating and set a $1,100.00 target price on shares of O’Reilly Automotive in a research note on Thursday. Finally, Mizuho began coverage on shares of O’Reilly Automotive in a research note on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive has a consensus rating of Moderate Buy and an average target price of $1,106.31.

Insiders Place Their Bets

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the transaction, the chairman now owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the completion of the sale, the chairman now owns 205,095 shares of the company’s stock, valued at $217,933,947. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman David E. Oreilly sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,053.58, for a total transaction of $10,535,800.00. Following the completion of the sale, the chairman now directly owns 216,539 shares of the company’s stock, valued at approximately $228,141,159.62. 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. 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.