December 1, 2022

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O’Reilly Automotive, Inc. Expected to Earn Q3 2022 Earnings of $8.30 Per Share (NASDAQ:ORLY)

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O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) – Investment analysts at DA Davidson issued their Q3 2022 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a report issued on Friday, July 29th. DA Davidson analyst M. Baker expects that the specialty retailer will earn $8.30 per share for the quarter. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $32.64 per share.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $8.78 EPS for the quarter, missing the consensus estimate of $8.98 by ($0.20). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $8.33 earnings per share.

Several other equities research analysts have also commented on ORLY. Royal Bank of Canada reduced their price objective on O’Reilly Automotive from $806.00 to $795.00 in a research note on Friday. Truist Financial cut their price target on O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Morgan Stanley cut their price target on O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating for the company in a research note on Thursday. Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target for the company in a research note on Tuesday, May 10th. Finally, MKM Partners increased their price target on O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $742.50.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $703.59 on Monday. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. O’Reilly Automotive has a one year low of $562.90 and a one year high of $748.68. The business has a fifty day moving average price of $641.35 and a 200-day moving average price of $658.23.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORLY. Norges Bank bought a new position in shares of O’Reilly Automotive in the 4th quarter valued at about $449,778,000. Walker Asset Management LLC lifted its holdings in shares of O’Reilly Automotive by 5,878.9% in the 2nd quarter. Walker Asset Management LLC now owns 545,512 shares of the specialty retailer’s stock valued at $352,579,000 after acquiring an additional 536,388 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of O’Reilly Automotive by 491.7% in the 1st quarter. Jennison Associates LLC now owns 508,269 shares of the specialty retailer’s stock valued at $348,144,000 after acquiring an additional 422,371 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in O’Reilly Automotive by 128.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock worth $470,900,000 after purchasing an additional 386,822 shares during the last quarter. Finally, Carmignac Gestion bought a new stake in O’Reilly Automotive in the first quarter worth about $194,291,000. Institutional investors own 82.76% of the company’s stock.

Insider Activity

In other news, CFO Jeremy Adam Fletcher acquired 835 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average price of $600.00 per share, for a total transaction of $501,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,897 shares in the company, valued at approximately $1,138,200. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other O’Reilly Automotive news, SVP Jeffrey Lynn Groves purchased 175 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $572.77 per share, with a total value of $100,234.75. Following the acquisition, the senior vice president now owns 721 shares in the company, valued at $412,967.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeremy Adam Fletcher purchased 835 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was acquired at an average cost of $600.00 per share, with a total value of $501,000.00. Following the acquisition, the chief financial officer now owns 1,897 shares in the company, valued at approximately $1,138,200. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.

About O’Reilly Automotive

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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. 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.

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