Q1 2023 Earnings Forecast for O’Reilly Automotive, Inc. Issued By Jefferies Financial Group (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) – Analysts at Jefferies Financial Group increased their Q1 2023 earnings per share (EPS) estimates for O’Reilly Automotive in a research note issued on Thursday, July 28th. Jefferies Financial Group analyst B. Jordan now forecasts that the specialty retailer will earn $8.06 per share for the quarter, up from their prior estimate of $7.91. The consensus estimate for O’Reilly Automotive’s current full-year earnings is $32.64 per share. Jefferies Financial Group also issued estimates for O’Reilly Automotive’s Q2 2023 earnings at $10.20 EPS, Q3 2023 earnings at $9.91 EPS and FY2023 earnings at $36.97 EPS.

Several other analysts also recently weighed in on ORLY. Morgan Stanley dropped their target price on shares of O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating on the stock in a research report on Thursday. DA Davidson raised their target price on O’Reilly Automotive from $740.00 to $815.00 in a research note on Friday. Wells Fargo & Company dropped their price target on O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Royal Bank of Canada cut their price objective on O’Reilly Automotive from $806.00 to $795.00 in a report on Friday. Finally, MKM Partners lifted their target price on O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average price target of $742.50.

O’Reilly Automotive Stock Down 0.5 %

ORLY opened at $703.59 on Monday. The company has a market cap of $46.24 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The firm’s 50-day moving average price is $641.35 and its 200-day moving average price is $658.23. O’Reilly Automotive has a 52-week low of $562.90 and a 52-week high of $748.68.

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

Insider Activity

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

Institutional Investors Weigh In On O’Reilly Automotive

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. Amica Retiree Medical Trust lifted its stake in O’Reilly Automotive by 27.6% in the 2nd quarter. Amica Retiree Medical Trust now owns 711 shares of the specialty retailer’s stock valued at $449,000 after buying an additional 154 shares in the last quarter. Kingfisher Capital LLC raised its holdings in shares of O’Reilly Automotive by 7.0% during the second quarter. Kingfisher Capital LLC now owns 5,730 shares of the specialty retailer’s stock valued at $3,620,000 after acquiring an additional 377 shares during the last quarter. Mitchell Capital Management Co. acquired a new position in shares of O’Reilly Automotive during the second quarter valued at approximately $1,970,000. Amica Mutual Insurance Co. lifted its position in shares of O’Reilly Automotive by 31.0% in the second quarter. Amica Mutual Insurance Co. now owns 5,904 shares of the specialty retailer’s stock valued at $3,730,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of O’Reilly Automotive in the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.

O’Reilly Automotive Company Profile

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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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