O'Reilly Automotive Inc (NASDAQ:ORLY) – Stock analysts at Oppenheimer increased their Q1 2018 EPS estimates for O'Reilly Automotive in a research note issued to investors on Thursday. Oppenheimer analyst B. Nagel now anticipates that the specialty retailer will post earnings of $3.60 per share for the quarter, up from their prior estimate of $3.45. Oppenheimer has a “Buy” rating and a $220.00 price target on the stock. Oppenheimer also issued estimates for O'Reilly Automotive’s Q2 2018 earnings at $3.95 EPS, Q3 2018 earnings at $4.06 EPS, Q4 2018 earnings at $3.56 EPS, FY2018 earnings at $15.18 EPS and FY2019 earnings at $16.50 EPS.

O'Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $2.59 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis.

ORLY has been the subject of several other research reports. UBS Group reaffirmed a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Royal Bank of Canada upgraded O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, December 13th. Credit Suisse Group set a $193.00 price objective on O'Reilly Automotive and gave the stock a “hold” rating in a research report 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 objective on the stock in a research report on Wednesday, December 27th. Finally, BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $251.05.

Shares of O'Reilly Automotive (NASDAQ:ORLY) opened at $249.83 on Friday. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $279.23. The stock has a market capitalization of $21,120.00, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.56.

O'Reilly Automotive declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, SVP Larry Lee Ellis sold 900 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $215.27, for a total value of $193,743.00. Following the transaction, the senior vice president now owns 1,256 shares in the company, valued at $270,379.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Adam Fletcher sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total value of $2,750,000.00. Following the completion of the transaction, the senior vice president now owns 10,900 shares in the company, valued at approximately $2,997,500. The disclosure for this sale can be found here. Insiders sold 169,580 shares of company stock worth $39,241,985 in the last 90 days. 3.12% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. NEXT Financial Group Inc bought a new position in shares of O'Reilly Automotive in the third quarter worth $100,000. Amica Retiree Medical Trust bought a new position in shares of O'Reilly Automotive in the third quarter worth $107,000. NuWave Investment Management LLC bought a new position in shares of O'Reilly Automotive in the fourth quarter worth $122,000. Tower Research Capital LLC TRC increased its position in shares of O'Reilly Automotive by 58.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 240 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new position in shares of O'Reilly Automotive in the third quarter worth $141,000. Institutional investors own 88.21% of the company’s stock.

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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.

Earnings History and Estimates for O'Reilly Automotive (NASDAQ:ORLY)

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