O’Reilly Automotive (NASDAQ:ORLY – Get Rating) released an update to its fiscal 2022 earnings guidance on Wednesday morning. The company provided earnings guidance of $32,350 to $32,850 per share for the period, compared to Thomson Reuters consensus earnings per share estimate of $30,930. The company released a revenue forecast of $14.20 billion to $14.50 billion, compared to the consensus revenue estimate of $13.56 billion.

NASDAQ ORLY traded at $4.31 on Wednesday during trading, hitting $647.90. The company’s stock had a trading volume of 881 shares, compared to its average volume of 576,405. O’Reilly Automotive has a 52-week low of $443.56 and a 52-week high of $710.86 . The company has a market capitalization of $43.65 billion, a P/E ratio of 22.60, a price-to-earnings growth ratio of 1.54 and a beta of 1.01. The company has a 50-day moving average price of $670.72 and a 200-day moving average price of $640.11. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt ratio of 17.57.

O’Reilly Automotive Inc (NASDAQ:ORLY) last reported results on Wednesday, February 9. The specialty retailer reported EPS of $7.64 for the quarter, beating Thomson Reuters consensus estimate of $6.05 from $1.59. O’Reilly Automotive achieved a net margin of 15.85% and a return on equity of 3,880.90%. During the same period a year earlier, the company posted EPS of $5.40. On average, stock analysts expect O’Reilly Automotive to post earnings per share of 29.59 for the current year.

Several brokerages have recently published reports on ORLY. Bank of America raised its price target on O’Reilly Automotive shares from $680.00 to $700.00 and gave the stock a neutral rating in a Friday, Feb. 11 research report. Royal Bank of Canada raised its price target on O’Reilly Automotive from $755.00 to $815.00 and gave the company an outperform rating in a Friday, Feb. 11 research note. Wells Fargo & Company raised its price target on O’Reilly Automotive from $715.00 to $780.00 in a Wednesday, Jan. 5 research note. Morgan Stanley raised its price target on O’Reilly Automotive from $630.00 to $675.00 and gave the stock an equal weight rating in a Friday, October 29 report. Finally, Jefferies Financial Group raised its price target on O’Reilly Automotive shares from $740.00 to $765.00 and gave the company a buy rating in a Friday, Feb. 11 research note. . Ten research analysts gave the stock a hold rating and nine gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $699.72.

Institutional investors have recently increased or reduced their stake in the company. Salem Investment Counselors Inc. increased its position in O’Reilly Automotive shares by 60.6% during the fourth quarter. Salem Investment Counselors Inc. now owns 53 shares of the specialty retailer worth $37,000 after buying 20 more shares during the period. Zullo Investment Group Inc. acquired a new stake in O’Reilly Automotive in Q4 valued at approximately $77,000. Covington Capital Management increased its stake in O’Reilly Automotive shares by 48.1% during the 4th quarter. Covington Capital Management now owns 154 shares of the specialty retailer worth $109,000 after acquiring 50 more shares in the last quarter. Penserra Capital Management LLC increased its stake in O’Reilly Automotive shares by 23.6% during the 4th quarter. Penserra Capital Management LLC now owns 304 shares of the specialty retailer worth $214,000 after acquiring 58 additional shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in O’Reilly Automotive shares by 1,831.3% in the fourth quarter. NEXT Financial Group Inc now owns 309 shares of the specialty retailer worth $218,000 after buying 293 additional shares in the last quarter. Institutional investors hold 79.77% of the company’s shares.

About O’Reilly Automotive

O’Reilly Automotive, Inc. owns and operates outlets in the United States. It is engaged in the distribution and retail sale of automotive parts, tools, supplies, equipment and accessories in the United States, serving professional installers and DIYers. The company provides new and reconditioned auto parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, regulators temperature, chassis and engine parts, maintenance items including oil, antifreeze, fluids, filters, lighting products, engine additives and appearance products, and accessories, such as as floor mats, seat covers and truck accessories.

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