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

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

NASDAQ ORLY traded down $10.20 on Friday, hitting $1,043.93. 335,118 shares of the company 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 has a market cap of $61.62 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.98 and a beta of 0.86. The firm has a 50 day moving average of $1,097.34 and a two-hundred day moving average of $1,014.62.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Thursday, April 25th. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.18 by $0.02. O’Reilly Automotive had a net margin of 14.78% and a negative return on equity of 139.08%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the company posted $8.28 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Research analysts anticipate that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ORLY shares. Royal Bank of Canada upped their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an outperform rating in a research note on Friday, February 9th. Barclays upped their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the company an equal weight rating in a research note on Thursday, January 4th. Truist Financial lowered their target price on 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 raised their target price on shares of O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a buy rating in a report on Friday, February 9th. Finally, Mizuho initiated 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 target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,106.31.

Insider Transactions at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was 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 owns 963 shares of the company’s stock, valued at $1,000,200.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the sale, the senior vice president now owns 963 shares of the company’s stock, valued at $1,000,200.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Raymond Murphy sold 269 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,039.28, for a total value of $279,566.32. Following the sale, the director now directly owns 950 shares in the company, valued at approximately $987,316. The disclosure for this sale can be found here. Insiders have sold 25,968 shares of company stock worth $27,269,333 in the last ninety days. Insiders own 1.55% of the company’s stock.

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.