Analysts expect that O’Reilly Automotive Inc (NASDAQ:ORLY) will announce $2.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for O’Reilly Automotive’s earnings. The highest sales estimate is $2.59 billion and the lowest is $2.53 billion. O’Reilly Automotive reported sales of $2.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The company is expected to report its next earnings results on Wednesday, April 22nd.

According to Zacks, analysts expect that O’Reilly Automotive will report full-year sales of $10.74 billion for the current fiscal year, with estimates ranging from $10.68 billion to $10.82 billion. For the next year, analysts anticipate that the company will post sales of $11.28 billion, with estimates ranging from $11.23 billion to $11.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.27 by ($0.02). The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. O’Reilly Automotive had a net margin of 13.70% and a return on equity of 514.91%. O’Reilly Automotive’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 EPS.

A number of brokerages have recently weighed in on ORLY. Credit Suisse Group increased their target price on O’Reilly Automotive from $413.00 to $418.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Co lowered their target price on O’Reilly Automotive from $485.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Stephens lowered their target price on O’Reilly Automotive from $480.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Nomura lowered their target price on O’Reilly Automotive from $425.00 to $405.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Finally, Wedbush increased their target price on O’Reilly Automotive from $380.00 to $425.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $436.00.

Shares of NASDAQ ORLY traded down $1.71 during trading hours on Tuesday, reaching $390.89. 899,001 shares of the stock were exchanged, compared to its average volume of 746,842. The firm has a market capitalization of $29.57 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.43 and a beta of 0.69. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.08 and a current ratio of 0.86. O’Reilly Automotive has a 52 week low of $349.71 and a 52 week high of $454.31. The stock’s fifty day simple moving average is $425.20 and its 200 day simple moving average is $414.11.

O’Reilly Automotive announced that its Board of Directors has initiated a share buyback program on Wednesday, February 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 4,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $442.65, for a total value of $1,991,925.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeremy Adam Fletcher sold 1,500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $438.50, for a total value of $657,750.00. Following the completion of the sale, the senior vice president now directly owns 2,479 shares in the company, valued at approximately $1,087,041.50. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cedar Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $25,000. Penserra Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 86.7% in the 4th quarter. Penserra Capital Management LLC now owns 84 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 39 shares in the last quarter. Great Diamond Partners LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $42,000. Evolution Wealth Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the 4th quarter valued at $43,000. Finally, Evoke Wealth LLC boosted its holdings in shares of O’Reilly Automotive by 160.0% in the 4th quarter. Evoke Wealth LLC now owns 117 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 72 shares in the last quarter. 83.55% of the stock is currently owned by hedge funds and other institutional investors.

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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