SPC Financial Inc. raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) by 1,349.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,290 shares of the specialty retailer’s stock after buying an additional 3,994 shares during the quarter. SPC Financial Inc.’s holdings in O’Reilly Automotive were worth $387,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of O’Reilly Automotive by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer’s stock valued at $1,822,000 after purchasing an additional 232 shares during the last quarter. Everhart Financial Group Inc. bought a new position in shares of O’Reilly Automotive in the 1st quarter valued at $337,000. Elevation Point Wealth Partners LLC increased its stake in shares of O’Reilly Automotive by 21.0% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 582 shares of the specialty retailer’s stock valued at $834,000 after purchasing an additional 101 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 valued at $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its stake in shares of O’Reilly Automotive by 0.3% in the 1st quarter. Missouri Trust & Investment Co now owns 27,833 shares of the specialty retailer’s stock valued at $39,873,000 after purchasing an additional 75 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently issued reports on ORLY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday, October 8th. Guggenheim lifted their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. DA Davidson boosted their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $107.17.
O’Reilly Automotive Trading Up 2.4%
NASDAQ ORLY opened at $102.15 on Monday. The business’s 50-day moving average price is $103.90 and its two-hundred day moving average price is $96.11. O’Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The firm has a market capitalization of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60.
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS 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 for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the company posted $10.55 EPS. The business’s 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, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% 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 worth $12,740,916. Corporate insiders own 1.01% of the company’s stock.
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.
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