Analysts forecast that O’Reilly Automotive, Inc. (NASDAQ:ORLY) will report sales of $2.34 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for O’Reilly Automotive’s earnings, with estimates ranging from $2.33 billion to $2.37 billion. O’Reilly Automotive posted sales of $2.22 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The firm is scheduled to report its next earnings report on Wednesday, October 25th.

On average, analysts expect that O’Reilly Automotive will report full year sales of $2.34 billion for the current fiscal year, with estimates ranging from $8.97 billion to $9.03 billion. For the next fiscal year, analysts expect that the firm will report sales of $9.47 billion per share, with estimates ranging from $9.35 billion to $9.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 EPS.

A number of research analysts have commented on the company. BidaskClub upgraded O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Credit Suisse Group set a $195.00 target price on O’Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, July 27th. Wedbush restated a “neutral” rating and issued a $195.00 target price on shares of O’Reilly Automotive in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $220.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, UBS AG restated a “buy” rating and issued a $230.00 target price (down previously from $255.00) on shares of O’Reilly Automotive in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $242.80.

In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total transaction of $1,050,700.00. Following the completion of the transaction, the director now owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders have sold a total of 32,080 shares of company stock valued at $7,754,807 in the last three months. 3.12% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Regentatlantic Capital LLC boosted its position in O’Reilly Automotive by 12.8% in the first quarter. Regentatlantic Capital LLC now owns 893 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 101 shares during the period. Daiwa SB Investments Ltd. boosted its position in O’Reilly Automotive by 46.6% in the first quarter. Daiwa SB Investments Ltd. now owns 3,490 shares of the specialty retailer’s stock valued at $942,000 after buying an additional 1,110 shares during the period. Bank of Montreal Can boosted its position in O’Reilly Automotive by 40.7% in the first quarter. Bank of Montreal Can now owns 220,967 shares of the specialty retailer’s stock valued at $59,626,000 after buying an additional 63,886 shares during the period. National Pension Service boosted its position in O’Reilly Automotive by 5.9% in the first quarter. National Pension Service now owns 81,489 shares of the specialty retailer’s stock valued at $22,198,000 after buying an additional 4,516 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in O’Reilly Automotive by 4.4% in the first quarter. Quadrant Capital Group LLC now owns 921 shares of the specialty retailer’s stock valued at $239,000 after buying an additional 39 shares during the period. 95.61% of the stock is owned by institutional investors and hedge funds.

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O’Reilly Automotive (ORLY) traded up 0.02% during trading on Friday, hitting $205.09. The stock had a trading volume of 1,218,093 shares. The company has a 50 day moving average of $202.81 and a 200-day moving average of $245.61. The company has a market cap of $18.05 billion, a P/E ratio of 17.97 and a beta of 0.74. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $291.56.

O’Reilly Automotive declared that its board has authorized a stock repurchase program on Wednesday, May 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.

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

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