YOUR BUSINESS AUTHORITY
Springfield, MO
O’Reilly Automotive Inc.’s (Nasdaq: ORLY) stock price has posted a series of new highs over the past week.
After the Springfield-based auto parts retailer reported its full-year and fourth-quarter earnings on Feb. 7, investors responded by sending the publicly traded company’s 52-week high to $366.18 per share the same day.
The stock has since climbed to $368.73 on Feb. 11, $378.64 on Feb. 12, $379.91 on Feb. 13, $383.68 on Feb. 14 and as high as $388.51 this morning, according to data collected by Yahoo Finance.
The stock increases come despite O’Reilly Automotive missing analysts’ fourth-quarter estimates for earnings and revenue, according to stock market researcher Zacks Equity Research. Earnings per share of $3.72 were short of the $3.76 analysts expected for the quarter, and revenue of $2.3 billion was 0.5 percent below estimates on Wall Street, according to Zacks.
However, O’Reilly Automotive’s earnings and revenue were up for both the quarter and the year compared with the company’s prior reporting periods. Full-year earnings grew 16.8 percent to $1.3 billion, while sales of $9.6 billion were up 6.2 percent.
For 2019, O’Reilly Automotive expects earnings per share of $17.37-$17.47.
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