ORLY stock hits 52-week high as earnings release date scheduled

Shares of O’Reilly Automotive Inc. (Nasdaq: ORLY) hit a new 52-week high as investors anticipate the company's first-quarter earnings report.

The Springfield-based auto parts retailer's stock surged to an all-time high of $747 per share on Friday. The price was as high as $739.35 per share this morning, and its 52-week low is $510.70.

O’Reilly Automotive is scheduled to release its first-quarter results on April 27, with a conference call to follow they day after, according to a news release. In 2021, the company exceeded $13 billion in revenue for the first time in its history.

For the first quarter, analysts are forecasting $7.45 per share in earnings, according to Investor's Business Daily. The publication on April 7 named O'Reilly Automotive its stock of the day "as rising interest rates add to the strong demand picture for the auto parts retailer."

During the fourth quarter, the company's diluted share earnings were $7.64.