O’Reilly Automotive Inc. (ORLY) Releases Earnings Results, Misses Expectations By $0.02 EPS
O’Reilly Automotive Inc. (NASDAQ:ORLY) issued its earnings results on Wednesday. The company reported $2.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. The firm earned $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. O’Reilly Automotive had a net margin of 12.02% and a return on equity of 52.57%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.64 earnings per share. O’Reilly Automotive updated its Q4 guidance to $2.44-2.54 EPS.
Shares of O’Reilly Automotive (NASDAQ:ORLY) traded down 6.06% during mid-day trading on Thursday, reaching $260.37. 1,014,080 shares of the company’s stock were exchanged. O’Reilly Automotive has a 52-week low of $225.12 and a 52-week high of $292.84. The company has a 50 day moving average price of $278.30 and a 200 day moving average price of $273.71. The firm has a market cap of $24.72 billion, a P/E ratio of 25.88 and a beta of 0.74.
In other news, SVP Brad W. Beckham sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $285.49, for a total value of $1,141,960.00. Following the sale, the senior vice president now owns 4,338 shares of the company’s stock, valued at $1,238,455.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul R. Lederer sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $283.00, for a total transaction of $28,300.00. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Invictus RG raised its stake in O’Reilly Automotive by 1.9% in the second quarter. Invictus RG now owns 493 shares of the company’s stock valued at $134,000 after buying an additional 9 shares during the period. SevenBridge Financial Group LLC acquired a new stake in O’Reilly Automotive during the second quarter valued at about $137,000. Van ECK Associates Corp raised its stake in O’Reilly Automotive by 29.2% in the second quarter. Van ECK Associates Corp now owns 1,221 shares of the company’s stock valued at $331,000 after buying an additional 276 shares during the period. Stratos Wealth Partners LTD. raised its stake in O’Reilly Automotive by 1.8% in the second quarter. Stratos Wealth Partners LTD. now owns 1,518 shares of the company’s stock valued at $412,000 after buying an additional 27 shares during the period. Finally, Seven Eight Capital LLC raised its stake in O’Reilly Automotive by 400.0% in the second quarter. Seven Eight Capital LLC now owns 2,500 shares of the company’s stock valued at $678,000 after buying an additional 2,000 shares during the period. 89.54% of the stock is currently owned by institutional investors.
ORLY has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of O’Reilly Automotive from a “buy” rating to a “sell” rating in a report on Monday, July 18th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 target price on shares of O’Reilly Automotive in a report on Thursday, July 28th. JPMorgan Chase & Co. upped their target price on shares of O’Reilly Automotive from $280.00 to $295.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Deutsche Bank AG reissued a “buy” rating on shares of O’Reilly Automotive in a report on Sunday, July 10th. Finally, Jefferies Group increased their price target on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $303.47.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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