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Missouri-headquartered O'Reilly Automotive is a leading retailer in the automotive aftermarket industry, known for its wide range of parts, tools, and accessories. Valued at a market cap of $65.9 billion, it serves both professional mechanics and DIY customers, offering expert advice and top-tier customer service.
Companies valued at $10 billion or more are generally considered "large-caps," and O'Reilly Automotive fits this criterion perfectly, signifying its substantial size, stability, and influence in the automotive aftermarket industry.
O'Reilly Automotive leverages a dual market strategy, serving both DIY customers and professional service providers, providing a broad customer base and stability against market shifts. Additionally, O'Reilly's strategic hub-and-spoke distribution system, with 30 regional centers and 385 hub stores, ensures rapid access to 152,000 SKUs, enhancing parts availability, customer loyalty, and sales.
ORLY shares are trading 3.9% below their 52-week high of $1,169.11, which they hit on Mar. 21. Also, the stock has soared 14.9% over the past three months, outperforming the broader Nasdaq Composite’s ($NASX) 1.5% fall over the same time frame.
Longer term, ORLY is up 18.3% on a YTD basis, and the shares have gained 17.3% over the past 52 weeks. In comparison, the NASX has gained 12.5% in 2024 and 22.7% over the past year.
Despite the mixed price action, ORLY has been trading above its 50-day moving average since mid-June and over its 200-day moving average since early July, indicating a bullish trend.
O'Reilly Automotive's gains this year are driven by strategic moves, including its expansion into Canada through the January 2024 acquisition of Groupe Del Vasto, a leading auto parts distributor. This provides O'Reilly with a strong distribution network and a solid foothold in the Canadian market.
Moreover, ORLY’s shares rose 4% after its Q2 earnings release on Jul. 24, despite missing estimates on both earnings and revenue. The stock surge was driven by impressive year-over-year growth in revenue, earnings, and comparable store sales.
O'Reilly Automotive faces strong competition from AutoZone , which is known for its extensive product range and store network. AutoZone has outperformed ORLY with a 20.7% gain on a YTD basis. However, it has lagged behind the broader market over the past year with a 19.1% return.
Analysts are moderately optimistic about ORLY’s prospects. The stock has a consensus rating of "Moderate Buy" from 22 analysts in coverage. The mean price target of $1,189.95 reflects a 5.9% premium from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
WASHINGTON, Sept 6 (Reuters) - A bipartisan group of lawmakers asked the CEOs of six major auto parts retailers if they bought products from a Chinese company that may evaded U.S. tariffs, according to letters seen by Reuters on Friday.
Representative John Moolenaar, a Republican chairs a House panel on China and the committee's top Democrat Raja Krishnamoorthi along with other lawmakers asked AutoZone AZO.N, O’Reilly Auto Parts ORLY.O, Genuine Parts GPC.N, Advance Auto Parts AAP.N, First Brands Group, and Factory Motor Parts to address concerns they are purchasing parts from China's Qingdao Sunsong and its U.S. based subsidiary.
The lawmakers -- which also include Senators Sherrod Brown, a Democrat and Republican Bill Cassidy -- raised concerns Qingdao may be illegally transshipping Chinese products through Thailand into the United States to evade U.S. customs duties.
(Reporting by David Shepardson)
(( David.Shepardson@thomsonreuters.com ; 2028988324; ))
Keywords: USA-AUTO PARTS/ (URGENT)
Reporter Name | Mancini Christopher Andrew |
Relationship | SVP OF CENTRAL STORE OPS/SALES |
Type | Sell |
Amount | $1,751,625 |
SEC Filing | Form 4 |
Christopher Andrew Mancini, SVP of Central Store Ops/Sales at O'Reilly Automotive, sold 1,557 shares of common stock on August 27, 2024, at a price of $1,125.0 per share, totaling $1,751,625. Following the transaction, Mancini no longer directly owns common stock in the company but retains indirect ownership of 99 shares through the company's 401k plan.
SEC Filing: O REILLY AUTOMOTIVE INC [ ORLY ] - Form 4 - Aug. 29, 2024
is a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories. Based in Springfield, Missouri, the company serves professional service providers and do-it-yourself customers.
Shares of this automotive parts retailer have underperformed the broader market over the past 52 weeks. ORLY has gained 21.1% over this time frame, while the broader S&P 500 Index ($SPX) has soared 27.7%. But In 2024, shares of ORLY are up 18.7%, slightly surpassing SPX’s 18% gains on a YTD basis.
Zooming in further, ORLY has slightly lagged behind the VanEck Retail ETF’s 21.4% gains over the past 52 weeks but has outpaced the ETF’s 11.4% returns on a YTD basis.
Shares of ORLY gained 4% following its Q2 earnings release on Jul. 24 despite its earnings of $10.55 missing Wall Street estimates of $10.95 per share, and revenues of $4.27 billion missing the estimates of $4.32 billion. The surge in the stock price was primarily driven by a year-over-year increase in revenues and earnings fueled by growth in comparable store sales and efficient growth strategies. The company expects full-year earnings to be $40.75 to $41.25 per share, with revenue in the range of $16.6 billion to $16.9 billion.
For the current fiscal year, ending in December, analysts expect ORLY’s EPS to grow 6.9% year over year to $41.13. The company’s earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion.
Among the 22 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on 14 “Strong Buy” ratings, one “Moderate Buy,” and seven “Holds.”
On Aug. 22, TD Cowen maintained a “Buy” rating on O'Reilly Automotive and reaffirmed its price target of $1275—the Street-high price target, implying a potential upside of 13.1% from the current price levels.
The mean price target of $1,177.33 represents a premium of 4.4% to ORLY’s current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Casey's General Stores?
The final step today is to look at a stock that meets our ESP qualifications. Casey's General Stores earns a #3 (Hold) seven days from its next quarterly earnings release on September 4, 2024, and its Most Accurate Estimate comes in at $4.51 a share.
By taking the percentage difference between the $4.51 Most Accurate Estimate and the $4.50 Zacks Consensus Estimate, Casey's General Stores has an Earnings ESP of +0.21%. Investors should also know that CASY is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CASY is one of just a large database of Retail and Wholesale stocks with positive ESPs. Another solid-looking stock is O'Reilly Automotive .
Slated to report earnings on October 23, 2024, O'Reilly Automotive holds a #3 (Hold) ranking on the Zacks Rank, and it's Most Accurate Estimate is $11.58 a share 56 days from its next quarterly update.
O'Reilly Automotive's Earnings ESP figure currently stands at +0.1% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $11.57.
CASY and ORLY's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Investment Research
U.S. stocks settled higher on Friday with the Dow Jones index surging more than 450 points, following comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.
Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Zachary Fadem
Analyst: William Stein
Analyst: Justin Post
Analyst: Trevor Walsh
Analyst: Hans Mesesmann
Read More:
Latest Ratings for NVDA
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Goldman Sachs | Reinstates | Neutral | |
Feb 2022 | Summit Insights Group | Downgrades | Buy | Hold |
Feb 2022 | Mizuho | Maintains | Buy |
View More Analyst Ratings for NVDA
View the Latest Analyst Ratings
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