O’Reilly Automotive Inc (NASDAQ:ORLY) – Oppenheimer lifted their Q3 2018 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a note issued to investors on Tuesday, August 7th. Oppenheimer analyst B. Nagel now anticipates that the specialty retailer will post earnings of $4.30 per share for the quarter, up from their previous forecast of $4.10. Oppenheimer currently has a “Outperform” rating and a $360.00 target price on the stock. Oppenheimer also issued estimates for O’Reilly Automotive’s Q4 2018 earnings at $3.72 EPS, FY2018 earnings at $15.89 EPS, FY2019 earnings at $17.42 EPS and FY2020 earnings at $18.95 EPS.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.24. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the firm earned $3.10 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year.
ORLY has been the subject of a number of other research reports. Wells Fargo & Co boosted their price target on O’Reilly Automotive from $295.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 12th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price target on O’Reilly Automotive to $335.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Raymond James lifted their price objective on O’Reilly Automotive from $280.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 26th. BidaskClub upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, Guggenheim lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research note on Tuesday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. O’Reilly Automotive has a consensus rating of “Buy” and an average target price of $318.69.
Shares of NASDAQ:ORLY opened at $318.78 on Friday. O’Reilly Automotive has a fifty-two week low of $186.82 and a fifty-two week high of $321.01. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.27 and a beta of 0.96. The company has a quick ratio of 0.11, a current ratio of 0.92 and a debt-to-equity ratio of 8.45.
In related news, Director Ronald Rashkow sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $315.77, for a total transaction of $473,655.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Richard Darin Venosdel sold 500 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $271.46, for a total value of $135,730.00. The disclosure for this sale can be found here. Insiders sold 205,366 shares of company stock worth $59,929,512 over the last quarter. 3.12% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC bought a new position in O’Reilly Automotive during the first quarter valued at about $148,000. Resources Investment Advisors Inc. increased its stake in O’Reilly Automotive by 66.5% during the first quarter. Resources Investment Advisors Inc. now owns 621 shares of the specialty retailer’s stock valued at $154,000 after acquiring an additional 248 shares during the period. Summit Trail Advisors LLC increased its stake in O’Reilly Automotive by 25,189.5% during the first quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock valued at $173,000 after acquiring an additional 172,296 shares during the period. Cerebellum GP LLC bought a new position in O’Reilly Automotive during the second quarter valued at about $178,000. Finally, Archford Capital Strategies LLC bought a new position in O’Reilly Automotive during the first quarter valued at about $191,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.
O’Reilly Automotive Company Profile
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.
Read More: What is a Leveraged Buyout (LBO)?
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.