Oppenheimer Analysts Raise Earnings Estimates for O'Reilly Automotive Inc (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities research analysts at Oppenheimer lifted their Q1 2018 EPS estimates for shares of O'Reilly Automotive in a research report issued to clients and investors on Thursday. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $3.60 for the quarter, up from their prior estimate of $3.45. Oppenheimer has a “Buy” rating and a $220.00 price objective 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 issued its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, topping the consensus estimate of $2.78 by $0.12. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. O'Reilly Automotive had a return on equity of 109.35% and a net margin of 12.63%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research report on Wednesday, December 27th. Citigroup lifted their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. 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 target price on O'Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, UBS Group reiterated a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $243.80.

O'Reilly Automotive (NASDAQ ORLY) opened at $252.22 on Friday. The company has a market capitalization of $21,433.78, a P/E ratio of 21.33, a PEG ratio of 1.17 and a beta of 0.90. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10. O'Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $279.23.

Large investors have recently added to or reduced their stakes in the stock. Tandem Investment Advisors Inc. raised its stake in O'Reilly Automotive by 3.2% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 4,268 shares of the specialty retailer’s stock valued at $934,000 after acquiring an additional 133 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in O'Reilly Automotive by 5.3% during the 4th quarter. Daiwa SB Investments Ltd. now owns 4,190 shares of the specialty retailer’s stock valued at $1,008,000 after acquiring an additional 210 shares in the last quarter. CIBC Asset Management Inc raised its stake in O'Reilly Automotive by 1.8% during the 3rd quarter. CIBC Asset Management Inc now owns 15,089 shares of the specialty retailer’s stock valued at $3,250,000 after acquiring an additional 261 shares in the last quarter. SG Americas Securities LLC raised its stake in O'Reilly Automotive by 2.6% during the 4th quarter. SG Americas Securities LLC now owns 10,452 shares of the specialty retailer’s stock valued at $2,514,000 after acquiring an additional 262 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in O'Reilly Automotive by 6.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,757 shares of the specialty retailer’s stock valued at $1,029,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

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

O'Reilly Automotive announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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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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