O'Reilly Automotive Inc (NASDAQ:ORLY) – Stock analysts at Gabelli issued their FY2022 earnings estimates for O'Reilly Automotive in a research report issued to clients and investors on Friday. Gabelli analyst C. Jolly forecasts that the specialty retailer will post earnings of $24.35 per share for the year.
O'Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis.
ORLY has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of O'Reilly Automotive in a research note on Thursday, October 19th. Royal Bank of Canada upgraded O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 13th. Credit Suisse Group set a $193.00 price target on O'Reilly Automotive and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research note on Wednesday, December 27th. Finally, BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $251.05.
Shares of O'Reilly Automotive (NASDAQ:ORLY) traded down $2.94 during midday trading on Monday, reaching $245.31. The company’s stock had a trading volume of 753,100 shares, compared to its average volume of 1,040,687. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.11 and a current ratio of 0.93. O'Reilly Automotive has a one year low of $169.43 and a one year high of $279.23. The stock has a market capitalization of $21,210.00, a PE ratio of 19.60, a P/E/G ratio of 1.01 and a beta of 0.90.
O'Reilly Automotive announced that its board has authorized a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
In related news, CFO Thomas Mcfall sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $235.00, for a total transaction of $4,700,000.00. Following the transaction, the chief financial officer now owns 27,431 shares of the company’s stock, valued at $6,446,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $235.00, for a total value of $244,400.00. Following the transaction, the senior vice president now directly owns 9,255 shares in the company, valued at approximately $2,174,925. The disclosure for this sale can be found here. Insiders have sold 153,680 shares of company stock worth $35,748,242 in the last ninety days. 3.12% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ORLY. Macquarie Group Ltd. grew its holdings in O'Reilly Automotive by 6.7% in the second quarter. Macquarie Group Ltd. now owns 37,300 shares of the specialty retailer’s stock valued at $8,160,000 after purchasing an additional 2,350 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in O'Reilly Automotive in the second quarter valued at $656,000. Westwood Holdings Group Inc. acquired a new stake in O'Reilly Automotive in the second quarter valued at $168,000. Sterling Capital Management LLC acquired a new stake in O'Reilly Automotive in the second quarter valued at $1,261,000. Finally, Verition Fund Management LLC acquired a new stake in O'Reilly Automotive in the second quarter valued at $898,000. 88.14% of the stock is currently owned by institutional investors.
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About O'Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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