Westpac Banking Corp Buys 3,868 Shares of O’Reilly Automotive, Inc. $ORLY

Westpac Banking Corp grew its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,165.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,200 shares of the specialty retailer’s stock after acquiring an additional 3,868 shares during the quarter. Westpac Banking Corp’s holdings in O’Reilly Automotive were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust bought a new position in O’Reilly Automotive in the first quarter worth about $25,000. Elequin Capital LP bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $33,000. Accredited Wealth Management LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $42,000. Finally, Vestor Capital LLC bought a new position in shares of O’Reilly Automotive during the 1st quarter worth approximately $43,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Price Performance

NASDAQ ORLY opened at $99.56 on Tuesday. The company has a market cap of $84.04 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.48 and a beta of 0.57. The stock’s fifty day moving average price is $101.24 and its 200 day moving average price is $97.22. O’Reilly Automotive, Inc. has a 1 year low of $78.30 and a 1 year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ORLY. BMO Capital Markets lifted their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Citigroup raised their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Royal Bank Of Canada set a $110.00 target price on O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson upped their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, TD Cowen raised their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

About O’Reilly Automotive

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.