|Bid||465.03 x 800|
|Ask||465.11 x 800|
|Day's Range||462.74 - 469.65|
|52 Week Range||251.52 - 487.95|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||22.83|
|Earnings Date||Oct 21, 2020 - Oct 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||513.92|
O'Reilly Automotive broke out on the upside Thursday on the heels of their earnings beat. In this daily bar chart of ORLY, below, we can see that prices made a "V" bottom in late March followed by a very brief retest before prices raced higher. Prices rallied up into June and then traded sideways for a few weeks before their recent upside breakout to new highs.
At this time, I'd like to introduce Greg Johnson. Participating on the call with me this morning are Jeff Shaw, our Chief Operating Officer and Co-President and Tom McFall, our Chief Financial Officer.
O'Reilly Automotive (NASDAQ: ORLY) posted a 7.24% decrease in earnings from Q1. Sales, however, increased by 24.88% over the previous quarter to $3.09 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest O'Reilly Automotive is not utilizing their capital as effectively as possible. O'Reilly Automotive earned $409.31 million and $2.48 billion in sales in Q1.What Is Return On Capital Employed? Changes in earnings and sales indicate shifts in O'Reilly Automotive's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q2, O'Reilly Automotive posted a ROCE of 3.49%.View more earnings on ORLYIt is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. For O'Reilly Automotive, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Q2 Earnings O'Reilly Automotive reported Q2 earnings per share at $7.10/share against analyst predictions of $3.91/share.See more from Benzinga * Recap: O'Reilly Automotive Q2 Earnings * Earnings Scheduled For July 29, 2020 * O'Reilly Automotive Earnings Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.