Q1 2023 EPS Estimates for O’Reilly Automotive, Inc. Increased by Jefferies Financial Group (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) – Investment analysts at Jefferies Financial Group lifted their Q1 2023 earnings per share (EPS) estimates for O’Reilly Automotive in a research report issued on Thursday, July 28th. Jefferies Financial Group analyst B. Jordan now anticipates that the specialty retailer will post earnings per share of $8.06 for the quarter, up from their prior forecast 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.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly 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 firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. O’Reilly Automotive had a negative return on equity of 2,699.29% and a net margin of 15.85%. O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $8.33 earnings per share.

Several other research firms have also recently issued reports on ORLY. Royal Bank of Canada decreased their price objective on O’Reilly Automotive from $806.00 to $795.00 in a report on Friday. Wells Fargo & Company dropped their price objective on shares of O’Reilly Automotive from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. Truist Financial decreased their target price on shares of O’Reilly Automotive from $788.00 to $770.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. MKM Partners upped their price target on shares of O’Reilly Automotive from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley decreased their price target on shares of O’Reilly Automotive from $650.00 to $635.00 and set an “equal weight” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average target price of $742.50.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $703.59 on Monday. The firm’s 50 day moving average price is $641.35 and its 200 day moving average price is $658.23. The firm 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. O’Reilly Automotive has a 1 year low of $562.90 and a 1 year high of $748.68.

Institutional Trading of O’Reilly Automotive

Large investors have recently modified their holdings of the business. Lloyd Advisory Services LLC. acquired a new stake in O’Reilly Automotive during the 1st quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of O’Reilly Automotive during the 1st quarter valued at approximately $27,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of O’Reilly Automotive during the fourth quarter worth approximately $28,000. Atlas Capital Advisors LLC bought a new stake in shares of O’Reilly Automotive in the fourth quarter worth $30,000. Finally, Heritage Financial Services LLC acquired a new stake in O’Reilly Automotive in the second quarter valued at $34,000. 82.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

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

O’Reilly Automotive Company Profile

(Get Rating)

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.

Featured Stories

Earnings History and Estimates for O'Reilly Automotive (NASDAQ:ORLY)

Want More Great Investing Ideas?

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.