Brokerages Expect O’Reilly Automotive, Inc. (NASDAQ:ORLY) Will Post Quarterly Sales of $3.71 Billion

Equities research analysts predict that O’Reilly Automotive, Inc. (NASDAQ:ORLYGet Rating) will announce $3.71 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for O’Reilly Automotive’s earnings, with the highest sales estimate coming in at $3.79 billion and the lowest estimate coming in at $3.64 billion. O’Reilly Automotive posted sales of $3.47 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that O’Reilly Automotive will report full-year sales of $14.30 billion for the current financial year, with estimates ranging from $14.20 billion to $14.41 billion. For the next year, analysts forecast that the business will post sales of $15.03 billion, with estimates ranging from $14.79 billion to $15.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLYGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.28 billion. O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. During the same quarter in the prior year, the business posted $7.06 EPS.

Several brokerages have recently issued reports on ORLY. Jefferies Financial Group lifted their target price on shares of O’Reilly Automotive from $740.00 to $765.00 and gave the company a “buy” rating in a research report on Friday, February 11th. Citigroup dropped their target price on shares of O’Reilly Automotive from $720.00 to $662.00 in a research report on Friday, May 13th. Wells Fargo & Company lifted their target price on shares of O’Reilly Automotive from $780.00 to $800.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. StockNews.com initiated coverage on shares of O’Reilly Automotive in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Truist Financial lowered their price target on shares of O’Reilly Automotive from $837.00 to $788.00 in a research report on Friday, April 29th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $718.25.

ORLY stock traded up $8.19 during midday trading on Monday, hitting $647.34. 513,519 shares of the stock traded hands, compared to its average volume of 626,175. The firm has a market cap of $42.55 billion, a P/E ratio of 20.74, a PEG ratio of 1.46 and a beta of 1.04. The stock’s fifty day simple moving average is $666.64 and its 200-day simple moving average is $666.32. O’Reilly Automotive has a 1-year low of $519.32 and a 1-year high of $748.68.

In related news, SVP Richard Darin Venosdel sold 4,754 shares of the stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $725.00, for a total transaction of $3,446,650.00. Following the sale, the senior vice president now owns 4,200 shares of the company’s stock, valued at $3,045,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey Lynn Groves acquired 175 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the purchase, the senior vice president now owns 721 shares of the company’s stock, valued at $412,967.17. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. National Bank of Canada FI purchased a new position in shares of O’Reilly Automotive in the 4th quarter worth about $16,133,000. Schroder Investment Management Group raised its holdings in shares of O’Reilly Automotive by 10.8% during the 3rd quarter. Schroder Investment Management Group now owns 275,493 shares of the specialty retailer’s stock valued at $168,342,000 after buying an additional 26,804 shares during the period. Brookstone Capital Management raised its holdings in shares of O’Reilly Automotive by 17.0% during the 4th quarter. Brookstone Capital Management now owns 1,779 shares of the specialty retailer’s stock valued at $1,214,000 after buying an additional 258 shares during the period. Vantage Investment Partners LLC raised its holdings in shares of O’Reilly Automotive by 9.4% during the 4th quarter. Vantage Investment Partners LLC now owns 110,070 shares of the specialty retailer’s stock valued at $77,735,000 after buying an additional 9,438 shares during the period. Finally, Calamos Advisors LLC raised its holdings in shares of O’Reilly Automotive by 4.0% during the 4th quarter. Calamos Advisors LLC now owns 26,403 shares of the specialty retailer’s stock valued at $18,647,000 after buying an additional 1,022 shares during the period. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

About O’Reilly Automotive (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.

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