O’Reilly Automotive, Inc. $ORLY Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,195 shares of the specialty retailer’s stock after buying an additional 2,982 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in O’Reilly Automotive were worth $288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLY. Vaughan Nelson Investment Management L.P. lifted its position in O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock valued at $155,240,000 after purchasing an additional 1,573,010 shares during the period. Congress Asset Management Co. lifted its holdings in shares of O’Reilly Automotive by 1,385.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after buying an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock valued at $125,150,000 after buying an additional 1,298,307 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 714,953 shares during the period. Finally, Nuveen LLC acquired a new position in O’Reilly Automotive during the first quarter worth $897,549,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.2%

Shares of ORLY opened at $104.79 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $76.10 and a fifty-two week high of $108.71. The company’s fifty day moving average is $103.61 and its two-hundred day moving average is $95.72. The firm has a market cap of $88.91 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60.

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

Analysts Set New Price Targets

Several analysts recently commented on ORLY shares. Wells Fargo & Company raised their price objective on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Evercore ISI lifted their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Guggenheim boosted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Barclays restated an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 25th. Finally, Argus initiated coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $107.17.

Insider Transactions at O’Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $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 sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company 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.