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

O’Reilly Automotive (NASDAQ:ORLY) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 41.350-41.850 for the period, compared to the consensus earnings per share 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 Stock Performance

Shares of NASDAQ:ORLY traded up $0.35 on Wednesday, reaching $1,092.70. The company’s stock had a trading volume of 461,373 shares, compared to its average volume of 366,307. The company has a 50-day simple moving average of $1,096.35 and a 200 day simple moving average of $1,013.79. The company has a market cap of $64.50 billion, a P/E ratio of 28.35, a PEG ratio of 1.98 and a beta of 0.86. O’Reilly Automotive has a 52-week low of $860.10 and a 52-week high of $1,169.11.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, topping the consensus estimate of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the business posted $8.37 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that O’Reilly Automotive will post 42.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ORLY shares. Barclays raised their price target on O’Reilly Automotive from $954.00 to $986.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Wedbush upped their price target on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a neutral rating in a report on Thursday, February 8th. Mizuho assumed coverage on O’Reilly Automotive in a research report on Tuesday, March 19th. They set a buy rating and a $1,225.00 target price for the company. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the stock an outperform rating in a report on Friday, February 9th. Finally, Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an overweight rating in a report on Monday, March 25th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $1,115.19.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 963 shares of the company’s stock, valued at approximately $1,000,200.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Jeffrey Alan Lauro sold 431 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,038.63, for a total transaction of $447,649.53. Following the completion of the transaction, the senior vice president now owns 963 shares in the company, valued at approximately $1,000,200.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 269 shares of the firm’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 of the company’s stock, valued at $987,316. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is currently owned by corporate 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.