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O'Reilly Automotive, Inc. (ORLY), headquartered in Springfield, Missouri, is a leading retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories. Valued at $69.9 billion by market cap, the company sells its products to do-it-yourself customers, professional mechanics, and service technicians. The auto parts giant is expected to announce its fiscal fourth-quarter earnings for 2024 after the market closes on Wednesday, Feb. 5.
Ahead of the event, analysts expect ORLY to report a profit of $9.72 per share on a diluted basis, up 5% from $9.26 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
For the full year, analysts expect ORLY to report EPS of $40.85, up 6.2% from $38.47 in fiscal 2023. Its EPS is expected to rise 9.1% year over year to $44.55 in fiscal 2025.
ORLY stock has outperformed the S&P 500’s ($SPX) 22% gains over the past 52 weeks, with shares up 27% during this period. However, it slightly underperformed the Consumer Discretionary Select Sector SPDR Fund’s (XLY)27.7% gains over the same time frame.
ORLY's outperformance is driven by the rising average vehicle age, fueling demand for parts and maintenance. Additionally, its robust supply chain, extensive store network, operational efficiency, durable demand, and broad product availability enable it to meet the urgent needs of its growing customer base, supporting its growth.
On Oct. 23, ORLY shares closed down marginally after reporting its Q3 results. Its revenue of $4.36 billion, fell short of Wall Street forecasts of $4.43 billion. The company’s EPS was $11.41, missing analyst estimates of $11.53. ORLY expects full-year EPS to be between $40.60 and $41.10 and expects revenue to be between $16.6 billion and $16.8 billion.
Analysts’ consensus opinion on ORLY stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 26 analysts covering the stock, 17 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and eight give a “Hold.” ORLY’s average analyst price target is $1311.45, indicating a potential upside of 8.4% from the current levels.
