O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get Rating) – DA Davidson cuts O’Reilly Automotive’s 2023 earnings forecast in a research report issued to clients and investors on Thursday, January 5. I was. DA Davidson analyst M. Baker now expects the specialty retailer to earn him $36.47 per share for the year, down from his previous forecast of $36.89. O’Reilly Automotive’s current consensus estimate for annual earnings is $32.70 per share.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) announced final results on Wednesday, October 26th. The specialty retailer posted earnings per share of $9.17 for the quarter, beating analysts’ consensus forecast of $8.46 by $0.71. O’Reilly Automotive had a net profit margin of 15.39% and a return on equity of 319.55%. Earnings for the quarter were $3.8 billion, compared with analyst estimates of $3.71 billion. For the same period last year, the company posted earnings of $8.07 per share for him. The company’s revenue for the quarter increased 9.2% compared to the same quarter last year.
Several other research analysts have also recently commented on ORLY. UBS Group raised its price target on O’Reilly Automotive from $855.00 to $940.00, giving it a ‘buy’ rating in its report on Friday, October 28. MKM Partners increased its price target for O’Reilly Automotive from $865.00 to $900.00 in a research report on Friday, December 9th. Wells Fargo & Company raised its price target on O’Reilly Automotive stock to $925.00 from $850.00, giving it an “overweight” rating in its research notes on Thursday. Truist Financial raised its price target on O’Reilly Automotive from $765.00 to $892.00, giving it a ‘Buy’ rating in its research notes on Friday, October 28. Finally, Citigroup raised its price target on O’Reilly Automotive from $770.00 to $855.00, giving the company a Neutral rating in its research notes on Wednesday, November 23rd. Three research analysts gave the stock a hold rating and 12 assigned a buy rating to the stock. According to MarketBeat data, the stock has a consensus rating of “moderate buy” and a consensus target price of $826.67.
O’Reilly Automotive stock up 1.0%
NASDAQ:ORLY shares opened Monday at $842.52. The company has a 50-day moving average of $834.91 and a 200-day moving average of $750.67. The company has a market capitalization of $52.72 billion, a P/E ratio of 25.72, a P/E ratio of 1.78 and a beta of 0.96. On O’Reilly Automotive, his 12-month low is $562.90 and his 12-month high is $870.92.
In other news from O’Reilly Automotive, SVP Jeffrey Alan Lauro sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares sold for an average of $750.00 for a total of $750,000.00. Following the closing of the sale, the senior vice president now owns 760 shares of the company stock valued at $570,000. The sale is disclosed in legal filings with the SEC, which can be accessed at this link. In other news, SVP Jeffrey Lynn Groves sold 500 shares of the company on Tuesday, November 29th. The shares sold for an average of $848.00, and the total trading value he had was $424,000.00. Following the closing of the transaction, the senior vice president now owns directly his 225 shares of the company, valued at $190,800. The sale was disclosed in filings with the Securities and Exchange Commission available at this hyperlink. SVP Jeffrey Alan Lauro also sold his 1,000 shares in a deal on Monday, October 24th. The shares sold for an average of $750.00, making him a total of $750,000.00. After the sale, the Senior Vice President now directly owns 760 shares of the company’s stock valued at $570,000. Please see here for the disclosure of this sale. Over the past three months, the insider has sold 26,127 shares of his company stock worth $21,726,054. The insider owns his 1.73% stake in the company.
institution inflow and outflow
Institutional investors and hedge funds have recently bought and sold shares in the company. OLD National Bancorp IN increased his stake in O’Reilly Automotive by 25.7% in the second quarter. OLD National Bancorp IN now owns 1,344 shares of the specialty retailer worth $849,000 after acquiring an additional 275 shares during the previous quarter. PFG Advisors increased his stake in O’Reilly Automotive by 13.1% in the third quarter. PFG Advisors now owns his 1,077 shares of specialty retailer stock worth $758,000 after purchasing an additional 125 shares during the period. Advisors Asset Management Inc. increased his stake in O’Reilly Automotive by 2.7% in the second quarter. Advisors Asset Management Inc. now owns 3,311 shares of specialty retailer stock valued at $2,092,000 after purchasing an additional 86 shares during the period. Cerity Partners LLC increased his O’Reilly Automotive stock position by 5.2% in the second quarter. Cerity Partners LLC now owns 4,191 shares of specialty retailer stock valued at $2,647,000 after acquiring an additional 206 shares in the previous quarter. Finally, Ritholtz Wealth Management increased his O’Reilly Automotive position by 203.8% in the third quarter. Ritholtz Wealth Management now owns 2,300 shares of the specialty retailer worth $1,618,000 after purchasing an additional 1,543 shares last quarter. 90.50% of the shares are owned by hedge funds and other institutional investors.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc., along with its subsidiaries, operates in the United States as a retailer and supplier of automotive aftermarket parts, tools, consumables, equipment and accessories. The company specializes in new and remanufactured automotive hardware, including alternators, batteries, brake system components, belts, chassis components, driveline components, engine components, fuel pumps, hoses, starters, temperature controls, water pumps, antifreeze, and exteriors. We offer parts and maintenance items for products, engine additives, filters, fluids, lighting products, oils and wiper blades. Accessories such as floor mats, seat covers and truck accessories.
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