Ashton Thomas Securities LLC Increases Position in O’Reilly Automotive, Inc. $ORLY

Ashton Thomas Securities LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,383.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,820 shares of the specialty retailer’s stock after acquiring an additional 11,023 shares during the quarter. Ashton Thomas Securities LLC’s holdings in O’Reilly Automotive were worth $1,065,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of O’Reilly Automotive by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock worth $33,227,000 after buying an additional 3,272 shares during the last quarter. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after acquiring an additional 75,125 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of O’Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after acquiring an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth approximately $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of O’Reilly Automotive by 52.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer’s stock worth $16,105,000 after purchasing an additional 3,866 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORLY shares. Barclays reiterated an “equal weight” rating and issued a $86.00 price objective on shares of O’Reilly Automotive in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, July 21st. TD Cowen increased their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Evercore ISI boosted their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Citigroup upped their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $107.17.

O’Reilly Automotive Stock Down 0.7%

Shares of NASDAQ ORLY opened at $104.97 on Friday. The stock’s 50-day simple moving average is $103.46 and its two-hundred day simple moving average is $95.57. O’Reilly Automotive, Inc. has a twelve month low of $75.93 and a twelve month high of $108.71. The firm has a market capitalization of $89.07 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.79 and a beta of 0.60.

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

Insider Activity at O’Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 595 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. 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 insiders.

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.