Accurate Wealth Management LLC Grows Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Accurate Wealth Management LLC significantly increased its holdings in O'Reilly Automotive by 1,415.0%, acquiring an additional 5,193 shares in the second quarter, now totaling 5,560 shares worth approximately $514,000.
• Several institutional investors have also increased their stakes in O'Reilly Automotive, with 85.00% of the stock now owned by hedge funds and other institutional investors.
• Analysts have set a consensus price target of $107.17 for O'Reilly Automotive, with a majority rating the stock as a Buy or Strong Buy.

Accurate Wealth Management LLC boosted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,415.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,560 shares of the specialty retailer's stock after acquiring an additional 5,193 shares during the period. Accurate Wealth Management LLC's holdings in O'Reilly Automotive were worth $514,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Guggenheim upped their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company raised their target price on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada upped their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Wolfe Research began coverage on O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Stock Up 1.1%

Shares of ORLY opened at $104.58 on Friday. The company has a market cap of $88.74 billion, a P/E ratio of 37.39, a PEG ratio of 2.73 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $75.79 and a fifty-two week high of $108.42. The firm's 50 day moving average price is $102.33 and its 200 day moving average price is $94.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for 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%.The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

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.

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