O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) released its earnings results on Wednesday. The specialty retailer reported $11.41 EPS for the quarter, missing the consensus estimate of $11.53 by ($0.12), Briefing.com reports. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.42 billion. O’Reilly Automotive had a net margin of 14.57% and a negative return on equity of 146.57%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.72 earnings per share. O’Reilly Automotive updated its FY24 guidance to $40.60 to $41.10 EPS and its FY 2024 guidance to 40.600-41.100 EPS.
O’Reilly Automotive Stock Down 0.0 %
NASDAQ ORLY traded down $0.53 during trading hours on Thursday, hitting $1,198.72. The company had a trading volume of 135,484 shares, compared to its average volume of 373,524. O’Reilly Automotive has a fifty-two week low of $860.10 and a fifty-two week high of $1,221.18. The business has a fifty day simple moving average of $1,147.32 and a 200-day simple moving average of $1,080.64. The firm has a market cap of $70.60 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92.
Insider Activity
In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Mark Joseph Merz sold 413 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $1,120.00, for a total transaction of $462,560.00. Following the sale, the senior vice president now directly owns 265 shares in the company, valued at $296,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Andrew Mancini sold 1,557 shares of O’Reilly Automotive stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $1,125.00, for a total transaction of $1,751,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,411 shares of company stock valued at $56,846,062. Company insiders own 1.55% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on O’Reilly Automotive
About O’Reilly Automotive
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, Puerto Rico, and Mexico. 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.
See Also
- Five stocks we like better than O’Reilly Automotive
- How to Find Undervalued Stocks
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Stock Analyst Ratings and Canadian Analyst Ratings
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- The 3 Best Retail Stocks to Shop for in August
- Tesla Stock: Buy the Dips, Sell the Rips
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.