$2.33 Billion in Sales Expected for O’Reilly Automotive Inc (ORLY) This Quarter

Brokerages expect O’Reilly Automotive Inc (NASDAQ:ORLY) to post $2.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for O’Reilly Automotive’s earnings, with the highest sales estimate coming in at $2.35 billion and the lowest estimate coming in at $2.30 billion. O’Reilly Automotive posted sales of $2.19 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is scheduled to report its next earnings report on Wednesday, February 6th.

On average, analysts expect that O’Reilly Automotive will report full-year sales of $9.55 billion for the current year, with estimates ranging from $9.52 billion to $9.57 billion. For the next year, analysts expect that the business will report sales of $10.09 billion, with estimates ranging from $10.05 billion to $10.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $0.19. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. O’Reilly Automotive had a return on equity of 259.86% and a net margin of 14.09%.

ORLY has been the subject of several analyst reports. Oppenheimer boosted their price objective on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Royal Bank of Canada boosted their price objective on O’Reilly Automotive to $335.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Morgan Stanley boosted their price objective on O’Reilly Automotive from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 6th. BidaskClub upgraded O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 11th. Finally, JPMorgan Chase & Co. upgraded O’Reilly Automotive from a “neutral” rating to an “overweight” rating and set a $398.00 target price for the company in a research report on Friday, October 19th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $340.63.

In other news, SVP Jeremy Adam Fletcher sold 2,500 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $335.00, for a total transaction of $837,500.00. Following the completion of the sale, the senior vice president now owns 3,428 shares in the company, valued at approximately $1,148,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott E. Kraus sold 5,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $325.00, for a total value of $1,625,000.00. Following the sale, the senior vice president now owns 6,479 shares of the company’s stock, valued at approximately $2,105,675. The disclosure for this sale can be found here. Insiders sold 66,561 shares of company stock valued at $21,711,903 over the last 90 days. 3.12% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of O’Reilly Automotive by 503.8% during the 2nd quarter. Victory Capital Management Inc. now owns 48,592 shares of the specialty retailer’s stock valued at $13,293,000 after acquiring an additional 40,544 shares during the last quarter. Madison Investment Holdings Inc. lifted its position in shares of O’Reilly Automotive by 6.2% during the 2nd quarter. Madison Investment Holdings Inc. now owns 248,277 shares of the specialty retailer’s stock valued at $67,921,000 after acquiring an additional 14,576 shares during the last quarter. Morgan Stanley lifted its position in shares of O’Reilly Automotive by 100.8% during the 2nd quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after acquiring an additional 262,779 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its position in shares of O’Reilly Automotive by 15.6% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 1,780 shares of the specialty retailer’s stock valued at $487,000 after acquiring an additional 240 shares during the last quarter. Finally, Horrell Capital Management Inc. lifted its position in shares of O’Reilly Automotive by 4.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 21,449 shares of the specialty retailer’s stock valued at $5,868,000 after acquiring an additional 844 shares during the last quarter. Institutional investors own 85.98% of the company’s stock.

Shares of NASDAQ ORLY opened at $354.74 on Friday. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.91 and a quick ratio of 0.11. The company has a market cap of $28.31 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.07. O’Reilly Automotive has a 12-month low of $210.04 and a 12-month high of $356.26.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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