O’Reilly Automotive, Inc. $ORLY Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,411.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,651 shares of the specialty retailer’s stock after buying an additional 5,277 shares during the quarter. First Horizon Advisors Inc.’s holdings in O’Reilly Automotive were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. New Millennium Group LLC grew its position in shares of O’Reilly Automotive by 1,400.0% during the second quarter. New Millennium Group LLC now owns 960 shares of the specialty retailer’s stock worth $87,000 after acquiring an additional 896 shares during the last quarter. Moors & Cabot Inc. boosted its stake in O’Reilly Automotive by 1,407.7% during the 2nd quarter. Moors & Cabot Inc. now owns 10,765 shares of the specialty retailer’s stock valued at $970,000 after purchasing an additional 10,051 shares during the period. Cherry Creek Investment Advisors Inc. increased its position in O’Reilly Automotive by 1,643.7% in the 2nd quarter. Cherry Creek Investment Advisors Inc. now owns 6,940 shares of the specialty retailer’s stock valued at $626,000 after acquiring an additional 6,542 shares during the period. Simmons Bank increased its position in O’Reilly Automotive by 1,401.0% in the 2nd quarter. Simmons Bank now owns 1,549,880 shares of the specialty retailer’s stock valued at $139,691,000 after acquiring an additional 1,446,623 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its stake in O’Reilly Automotive by 1,282.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 885 shares of the specialty retailer’s stock valued at $80,000 after acquiring an additional 821 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares in the company, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,205 shares of company stock valued at $9,423,501 over the last three months. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY stock opened at $95.00 on Friday. The firm has a market cap of $80.61 billion, a PE ratio of 32.91, a P/E/G ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The firm has a 50 day simple moving average of $102.07 and a 200 day simple moving average of $96.84.

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

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research analyst reports. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 24th. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Wednesday. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, DA Davidson upped their target price 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. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.