111 Capital purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 37,903 shares of the specialty retailer’s stock, valued at approximately $3,416,000.
A number of other hedge funds have also bought and sold shares of the business. Ameriflex Group Inc. purchased a new position in O’Reilly Automotive in the 2nd quarter valued at approximately $36,000. QRG Capital Management Inc. lifted its holdings in shares of O’Reilly Automotive by 2,194.0% during the 2nd quarter. QRG Capital Management Inc. now owns 76,254 shares of the specialty retailer’s stock worth $6,873,000 after acquiring an additional 72,930 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its stake in O’Reilly Automotive by 1,400.0% in the second quarter. ZWJ Investment Counsel Inc. now owns 2,610 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 2,436 shares during the last quarter. Intrinsic Value Partners LLC lifted its stake in O’Reilly Automotive by 1,219.1% in the second quarter. Intrinsic Value Partners LLC now owns 4,960 shares of the specialty retailer’s stock worth $447,000 after purchasing an additional 4,584 shares during the last quarter. Finally, Segment Wealth Management LLC increased its position in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Segment Wealth Management LLC now owns 2,490 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 2,324 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Maria Sastre sold 595 shares of the company’s stock in a transaction dated 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 sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company’s stock.
O’Reilly Automotive Price Performance
O’Reilly Automotive (NASDAQ:ORLY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ORLY has been the topic of several research analyst reports. Argus initiated coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price target on the stock. BMO Capital Markets upped their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Truist Financial increased their price objective on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, DA Davidson increased their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $107.17.
View Our Latest Report on O’Reilly Automotive
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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