O’Reilly Automotive, Inc. $ORLY Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, Holdings Channel reports. The fund owned 2,115 shares of the specialty retailer’s stock after acquiring an additional 1,974 shares during the quarter. Private Wealth Management Group LLC’s holdings in O’Reilly Automotive were worth $191,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. TD Asset Management Inc raised its holdings in O’Reilly Automotive by 1,214.0% in the second quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock valued at $194,567,000 after acquiring an additional 1,994,449 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake 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 last quarter. Congress Asset Management Co. increased its stake in O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after purchasing an additional 1,474,068 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in 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 purchasing an additional 1,298,307 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in O’Reilly Automotive by 1,290.1% in the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer’s stock valued at $101,627,000 after purchasing an additional 1,050,901 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In related news, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Up 0.4%

Shares of ORLY opened at $101.60 on Friday. The company’s 50 day simple moving average is $103.82 and its 200-day simple moving average is $96.34. 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 cap of $86.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $10.55 EPS. O’Reilly Automotive’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 forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the topic of several recent analyst reports. Citigroup increased 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. DA Davidson increased their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research note on Wednesday. Guggenheim increased their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Wolfe Research began coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.12.

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.