O’Reilly Automotive, Inc. (NASDAQ:ORLY) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80.
O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up 5.94% on Thursday, reaching $214.76. 3,640,317 shares of the company traded hands. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57. The company has a market capitalization of $18.90 billion, a PE ratio of 18.81 and a beta of 0.78. The stock has a 50-day moving average of $208.14 and a 200 day moving average of $218.68.
O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $2.90 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that O’Reilly Automotive, Inc. will post $11.86 EPS for the current year.
O’Reilly Automotive announced that its Board of Directors has authorized a share repurchase plan on Friday, September 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
ORLY has been the topic of a number of recent research reports. UBS Group AG reiterated a buy rating and set a $255.00 price target (down previously from $320.00) on shares of O’Reilly Automotive in a report on Friday, July 7th. Oppenheimer Holdings, Inc. set a $220.00 price target on shares of O’Reilly Automotive and gave the stock a buy rating in a report on Thursday. Credit Suisse Group set a $193.00 price target on shares of O’Reilly Automotive and gave the stock a hold rating in a report on Thursday. Bank of America Corporation lowered shares of O’Reilly Automotive from a buy rating to a neutral rating and cut their price target for the stock from $325.00 to $200.00 in a report on Friday, July 7th. Finally, Deutsche Bank AG reiterated a hold rating and set a $190.00 price target (down previously from $272.00) on shares of O’Reilly Automotive in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive currently has a consensus rating of Hold and a consensus price target of $242.63.
In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.19, for a total value of $205,077.60. Following the completion of the sale, the senior vice president now directly owns 9,238 shares of the company’s stock, valued at $1,821,641.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction on Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now directly owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The disclosure for this sale can be found here. Insiders have sold 18,120 shares of company stock valued at $3,684,364 in the last three months. 3.12% of the stock is owned by insiders.
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.