Coronavirus-induced uncertainty prompts O'Reilly Automotive (ORLY) to withdraw its annual view and suspend stock buybacks.
O'Reilly Automotive (ORLY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In this article we will take a look at whether hedge funds think O'Reilly Automotive Inc (NASDAQ:ORLY) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of O'Reilly Automotive Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Elevated SG&A costs, along with weak demand of vehicles due to the coronavirus outbreak, are likely to have eroded O'Reilly's (ORLY) margins in Q1.
Polen Capital Management, LLC, an independently-owned global investment manager, recently published its first-quarter global growth commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Polen Global Growth Model Portfolio returned -12.68% gross of fees, while the MSCI AllCountry World Index was down 21.36%. In the said letter, Polen Capital […]
O’Reilly Automotive (ORLY) has released better-than-feared results for the first quarter. As a result, the stock traded up over 3% in Wednesday’s after-hours trading.While Q1 GAAP EPS of $3.97 missed consensus estimates by $0.11, revenue of $2.48B beat by $20M and marked 2.9% year-over-year growth.“The first two months of the quarter were below our expectations as the mild weather was a headwind to demand in our business, but with the onset of spring weather at the beginning of March sales performance strengthened” commented Greg Johnson, O’Reilly’s CEO and Co-President.“However, we began to see the significant, negative impact of COVID-19 in the middle of March, as our customers became subject to stay-at-home orders issued across all of our market areas.”Due to these factors, the first quarter comparable store sales decline of 1.9% did not achieve ORLY’s comparable store sales guidance of growth of 2% to 4%. Indeed, due to negative impact of COVID-19, for the four-week period beginning in the middle of March and through the first two weeks of April, the company’s comparable store sales decreased 13%.Nonetheless, this gave a more positive outlook than more bearish estimates had suggested.Wells Fargo analyst Zachary Fadem writes “While Q1 comps (-1.9%) largely matched expectations in a tough environment, we expect ORLY shares and the group to rally… as the important COVID-impacted period (late- March/early-April) proved better (-13%) than more bearish investor expectations (of -20%).”As a result the analyst reiterated his ORLY buy rating with a $425 price target (15% upside potential). “Considering peer read-throughs ranging down 30-45% (through 4/4), it appears that ORLY is either managing the environment better, or industry trends have improved in the past week (or both)” says Fadem.He continues to expect improvement potential for the second half of the year as global lockdown restrictions soften.Overall, the stock has a cautiously optimistic Moderate Buy analyst consensus with a $362 average analyst price target (2% downside potential). (See ORLY stock analysis on TipRanks). Related News: Immunomedics Jumps Almost 30% In After-Hours On FDA Approval Disney Heiress Slams $1.5 Billion Executive Bonuses Amid Furloughs Beyond Meat Boosts Finances To Support Future Growth Initiatives More recent articles from Smarter Analyst: * Japan Plans To Approve Gilead’s Remdesivir Today- Report * Capricor (CAPR) Shares Could Hit $10, Says Analyst * Microsoft is Said to Buy Israeli Cybersecurity Startup CyberX * Chegg (CHGG) Stock Is a Winner, But How Much Higher Can It Go?
According to data provided by S&P Global Market Intelligence, auto parts retailers O'Reilly Automotive (NASDAQ: ORLY) and AutoZone (NYSE: AZO) rose 28.3% and 20.6%, respectively, over the month, and aftermarket automotive parts company LKQ (NASDAQ: LKQ) followed suit with a 27.5% increase. AutoZone and O'Reilly are auto parts retailers and are often seen as recession-resistant options for investors, since their sales are largely dependent on the mileage and the average age of an automobile -- factors that don't necessarily depend in the economy.
First quarter comparable store sales decrease of 1.9%, total sales growth of 2.7%Full-year 2020 guidance withdrawn due to the uncertainty related to COVID-19 SPRINGFIELD, Mo.,.
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (ORLY), a leading retailer in the automotive aftermarket industry, announces a change in the location of its 2020 Annual Meeting of Shareholders. O’Reilly has designed the format of the Annual Meeting to ensure that shareholders are afforded the same rights and opportunities to participate as they would at an in-person meeting. As described in the proxy materials for the Annual Meeting, shareholders are entitled to attend and vote at the Annual Meeting if they held shares as of the close of business on March 16, 2020, the record date designated by the Board for the Annual Meeting, or if they hold a legal proxy for the meeting provided by their bank, broker, or nominee.
Q1 2020 O'Reilly Automotive Inc Earnings Call
Earnings from Delta Air Lines and AT&T will take centerstage Wednesday.
Polen Capital Management, LLC, an independently-owned global investment manager, recently published its first-quarter focus growth commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Polen Focus Growth Composite Portfolio returned -13.03% gross of fees, while the Russell 1000 Growth and S&P 500 indices were down 14.10% and 19.60%, respectively. […]
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / O'Reilly Automotive, Inc. (NASDAQ:ORLY) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at ...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
O'Reilly Automotive (ORLY) delivered earnings and revenue surprises of 2.85% and 2.06%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
David Abrams made several portfolio changes during the first quarter of 2020 Continue reading...
Guru releases 1st-quarter portfolio Continue reading...
Ave Maria Growth Fund has made itself one of the best mutual funds by seeking stocks that do well as well as do good.
Booking Holdings tops the list Continue reading...