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O'Reilly Automotive Inc. ($ORLY) Stock Forecast: Down 7.1% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is O'Reilly Automotive Inc.?

O'Reilly Automotive (NASDAQ: ORLY) is a notable player in the automotive aftermarket industry, celebrated for its exceptional customer service and consistent financial results. The stock experienced a downturn today.

Why is O'Reilly Automotive Inc. going down?

ORLY stock is down 7.1% on Apr 25, 2024 13:58

  • Recently upgraded to a "buy" rating, indicating optimism about its future prospects.
  • Despite this positive outlook, the stock declined following lower-than-expected Q1 earnings and guidance, potentially linked to increased costs impacting profits.
  • Even with a record-breaking performance in revenue and earnings for Q1 2024, the market response was adverse, reflecting investor apprehensions about the company's future.
  • The market's preference for growth stocks with clear profitability or viable paths to profitability likely influenced ORLY's fluctuation, with investors favoring companies capable of delivering enduring returns.

ORLY Price Chart

ORLY News

O'Reilly Automotive ( NASDAQ:ORLY ) Upgraded to "Buy" by StockNews.com

O'Reilly Automotive ( NASDAQ:ORLY - Get Free Report ) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

https://www.defenseworld.net/2024/04/25/oreilly-automotive-nasdaqorly-upgraded-to-buy-by-stocknews-com-2.html

News Article Image O'Reilly Automotive  ( NASDAQ:ORLY )  Upgraded to "Buy" by StockNews.com

O''Reilly Automotive''s profit misses on higher costs

https://www.investing.com/news/stock-market-news/oreilly-automotives-profit-misses-on-higher-costs-3395586

https://www.investing.com/news/stock-market-news/oreilly-automotives-profit-misses-on-higher-costs-3395586

News Article Image O''Reilly Automotive''s profit misses on higher costs

O''Reilly Auto''s stock dips on Q1 earnings miss, guidance below estimates

https://www.investing.com/news/stock-market-news/oreilly-autos-stock-dips-on-q1-earnings-miss-guidance-below-estimates-93CH-3395362

https://www.investing.com/news/stock-market-news/oreilly-autos-stock-dips-on-q1-earnings-miss-guidance-below-estimates-93CH-3395362

News Article Image O''Reilly Auto''s stock dips on Q1 earnings miss, guidance below estimates

O''Reilly Automotive, Inc. Reports First Quarter 2024 Results

First quarter comparable store sales growth of 3.4% 11% increase in first quarter diluted earnings per share to $9.20 Completed the acquisition of Groupe Del Vasto in January SPRINGFIELD, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- O''Reilly Automotive, Inc. (the "Company" or "O''Reilly") ( Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its first quarter ended March 31, 2024. 1 st Quarter Financial Results Brad Beckham, O''Reilly''s CEO, commented, "We are pleased to report a solid start to 2024, highlighted by a 3.4% comparable store sales increase, which was on top of the very strong 10.8% comparable store sales increase from the first quarter last year. Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single digit and low-single digit, respectively, in the quarter. Our team''s continued strong execution drove an 11% increase in diluted earnings per share, and is a clear demonstration of Team O''Reilly''s commitment to our culture values of hard work and excellent customer service.

https://www.benzinga.com/pressreleases/24/04/g38416681/oreilly-automotive-inc-reports-first-quarter-2024-results

News Article Image O''Reilly Automotive, Inc. Reports First Quarter 2024 Results

7 A-Rated Growth Stocks to Buy for Gargantuan Returns

As the old adage goes, with great reward comes great risk – many growth stocks have come crashing back down to earth after failing to live up to the hype. So how do you separate the wheat from the chaff? The key is to focus on growth stocks with real profitability or a clear path to getting there soon. Companies actually making money and sporting robust margins are far less likely to disappoint. Even better if they operate in industries with long runways for expansion ahead. These “Goldilocks” growth stocks give you the best chance of staying in the green. With markets staring down another potential correction this year, it makes sense to start stocking up on such A-rated growth names. Let the “profitless prosperity” plays take their lumps when volatility strikes. You’ll be safely positioned in rock-solid companies that can withstand turbulence while continuing to compound shareholder wealth over time. Then, when Mr. Market inevitably goes on sale, you can pounce on other beaten-down growth gems trading at fire-sale prices. But for now, I believe the smartest move is laying the foundation with these seven growth stocks that still offer gargantuan return potential with a margin of safety:

https://investorplace.com/2024/04/7-a-rated-growth-stocks-to-buy-for-gargantuan-returns/

News Article Image 7 A-Rated Growth Stocks to Buy for Gargantuan Returns

O'Reilly Automotive Inc. Price History

25.03.2024 - ORLY Stock was down 7.1%

  • Recently upgraded to a "buy" rating, indicating optimism about its future prospects.
  • Despite this positive outlook, the stock declined following lower-than-expected Q1 earnings and guidance, potentially linked to increased costs impacting profits.
  • Even with a record-breaking performance in revenue and earnings for Q1 2024, the market response was adverse, reflecting investor apprehensions about the company's future.
  • The market's preference for growth stocks with clear profitability or viable paths to profitability likely influenced ORLY's fluctuation, with investors favoring companies capable of delivering enduring returns.

25.03.2024 - ORLY Stock was down 5.5%

  • The bearish movement in ORLY's stock today could be attributed to investors' shifting focus towards growth stocks with real profitability or clear paths to profitability. ORLY, being a traditional retailer in the automotive industry, may not be perceived as a high-growth stock compared to other sectors.
  • Additionally, the emphasis on buyback behemoths might have influenced investor sentiment away from ORLY, as companies engaging in significant buybacks are seen as returning more value to shareholders in the current market environment.
  • The market's preference for growth stocks with strong profitability and companies focusing on buybacks for shareholder returns could have led to a sell-off in ORLY as investors reallocate their portfolios to align with these trends.
  • Overall, the combination of market dynamics favoring growth and buyback stocks over traditional retail sectors like automotive aftermarket parts may have contributed to the bearish movement in ORLY's stock today.

08.01.2024 - ORLY Stock was down 5.3%

  • ORLY's Q4 earnings topped estimates, but revenues missed expectations.
  • The company's full-year revenue guidance came in slightly above analysts' estimates.
  • ORLY's forecast for full-year profit was dim due to mounting expenses.
  • Despite beating Street estimates in Q4, the stock had a bearish movement, possibly due to concerns about revenue growth and expenses.

08.01.2024 - ORLY Stock was down 3.4%

  • Despite delivering strong earnings and beating Street estimates in the fourth quarter, O'Reilly Automotive's stock experienced a bearish movement.
  • The company's dim full-year profit forecast and mounting expenses might have contributed to the market's negative reaction.
  • The strong performance of retail stocks in general, with retail sales rising by 0.6% in December, suggests that the bearish movement in O'Reilly Automotive's stock may be an isolated event.
  • It's important for retail investors to keep track of the stock purchases of top funds, as they often play a significant role in determining stock prices. However, it's unclear if the stock purchases of top funds had any direct impact on O'Reilly Automotive's market movement.

26.09.2023 - ORLY Stock was up 6.2%

  • O'Reilly Automotive (ORLY) had a strong bullish movement today.
  • The company reported better-than-expected earnings and revenues for the third quarter.
  • The stock gained after-hours following the release of their financial results and updated 2023 guidance.
  • The positive performance can be attributed to the company's strong Q3 results and the market's positive reaction to their earnings beat.

22.07.2023 - ORLY Stock was down 0.9%

  • Today, ORLY experienced a strong bearish movement, possibly influenced by the following factors:
  • an article from Seeking Alpha suggests a negative outlook for ORLY stock, potentially impacting investor sentiment.
  • an article from GuruFocus questioning whether ORLY is trading at a fair value could have contributed to selling pressure.
  • an article from Daily Mail Online highlights a lawsuit against O'Reilly Auto Parts, which may have raised concerns about potential legal and reputational risks for the company.

18.07.2023 - ORLY Stock was down 0.2%

  • ORLY experienced a strong bearish movement today.
  • The Washington Attorney General filed a lawsuit against ORLY, accusing the company of discriminating against pregnant employees. This negative news may have contributed to the bearish market movement.
  • Despite this recent lawsuit, ORLY has been a strong performer in the market over the past 20 years, outperforming the market with an average annual return of 21.62%. However, this positive long-term performance did not prevent the bearish movement today.
  • The market capitalization of ORLY is currently $57.09 billion, indicating its significant presence in the automotive aftermarket industry.

15.07.2023 - ORLY Stock was up 0.0%

  • The bullish movement in ORLY today can be attributed to the following factors:
  • 1. Strong historical performance: The article highlights that investing in ORLY 20 years ago would have yielded significant returns, showcasing the company's consistent outperformance in the market. This positive sentiment likely attracted investors and contributed to the bullish movement.
  • 2. Downgrade to "Buy" rating: Although counterintuitive, the downgrade by StockNews.com from a strong-buy rating to a buy rating might have actually had a positive impact on the stock. This change in rating could have created a buying opportunity for investors, leading to increased demand and driving the bullish movement.
  • 3. Market capitalization: With a market capitalization of $57.09 billion, ORLY is a significant player in the automotive aftermarket industry. This strong market position and the company's continued growth potential could have instilled confidence in investors, further fueling the bullish movement.
  • Overall, the combination of ORLY's strong historical performance, the downgrade to a buy rating, and its substantial market capitalization likely contributed to the bullish movement observed today.

31.04.2023 - ORLY Stock was down 5.4%

  • ORLY had a strong bearish movement today.
  • The recent earnings report of ORLY did not meet the market's expectations, which might have caused the bearish movement.
  • The downgrade of ORLY's rating from "Buy" to "Hold" by StockNews.com might have also contributed to the bearish movement.
  • Overall, the market sentiment towards ORLY seems to be negative due to the recent news and events.

31.04.2023 - ORLY Stock was down 5.2%

  • ORLY had a strong bearish movement today.
  • ORLY's stock was lowered to "Buy" at StockNews.com.
  • There are no significant news or events that could have caused the bearish movement, but the downgrade in rating might have contributed to the decline in stock price.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.