Ewa LLC Has $219,000 Position in O’Reilly Automotive, Inc. $ORLY

Ewa LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,431.4% during the second quarter, HoldingsChannel reports. The firm owned 2,435 shares of the specialty retailer’s stock after acquiring an additional 2,276 shares during the quarter. Ewa LLC’s holdings in O’Reilly Automotive were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ORLY. Congress Asset Management Co. raised its position in shares of O’Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after purchasing an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of O’Reilly Automotive by 1,438.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after buying an additional 1,298,307 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of O’Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock worth $69,031,000 after buying an additional 714,953 shares in the last quarter. Nuveen LLC bought a new position in shares of O’Reilly Automotive during the first quarter worth about $897,549,000. Finally, Argent Capital Management LLC grew its holdings in shares of O’Reilly Automotive by 1,379.2% during the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer’s stock worth $54,721,000 after buying an additional 566,087 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ORLY shares. Citigroup increased their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. TD Cowen increased their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Argus started coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. Wells Fargo & Company increased their price objective on O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets increased their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Buy” and a consensus price target of $107.17.

O’Reilly Automotive Stock Down 2.0%

ORLY stock opened at $105.68 on Thursday. The business has a 50 day moving average price of $103.33 and a two-hundred day moving average price of $95.47. The company has a market cap of $89.67 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.85 and a beta of 0.60. O’Reilly Automotive, Inc. has a twelve month low of $75.93 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $10.55 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 29,505 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. The trade was a 87.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by insiders.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.