O'Reilly Automotive Inc. (NASDAQ:ORLY) has seen a mix of market trends. Despite daily gains, the company's stock at times underperformed when compared to competitors. Institutional Owners are said to dominate holding 86% of the company. Connecticut Wealth Management LLC, Benjamin F. Edwards & Company Inc, and Atria Wealth Solutions Inc have increased their holdings, while Cullen Frost Bankers Inc and Amalgamated Bank have sold their shares. The company reported a <$3.3b market cap> decline; however, long term profits remain positive. The company’s Q1 2024 earnings missed estimates by 7c. O'Reilly Automotive (ORLY) has been downgraded by StockNews.com to “Hold.” ORLY's share repurchase authorization rose by $750M. They report strong earnings growth and record revenue for Q4. Additionally, the company plans to expand geographically by acquiring Groupe Del Vasto to enter the Canadian market. Despite a few downgrades and shares slumping on FY24 profit guidance, the company remains a valued investment due to its potential for growth.
O'reilly Automotive ORLY News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 05:50:14 GMT -
Rating -3
- Innovation -5
- Information 6
- Rumor -8
