Applied Finance Capital Management LLC Has $1.56 Million Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Applied Finance Capital Management LLC significantly increased its holdings in O'Reilly Automotive, Inc. by 1,098.3% during the second quarter, bringing their total investment to approximately $1.56 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for O'Reilly Automotive, with target prices ranging up to $115.00 set by Wells Fargo & Company.
• O'Reilly Automotive reported earnings per share of $0.78 for the last quarter, meeting analysts' expectations, while its revenue increased by 5.9% year-over-year despite falling short of forecasts.

Applied Finance Capital Management LLC boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,098.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,340 shares of the specialty retailer's stock after acquiring an additional 15,893 shares during the period. Applied Finance Capital Management LLC's holdings in O'Reilly Automotive were worth $1,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORLY. HWG Holdings LP bought a new stake in O'Reilly Automotive during the 1st quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive during the first quarter worth approximately $25,000. HighMark Wealth Management LLC lifted its holdings in shares of O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP bought a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive in the first quarter worth $33,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research analyst reports. Guggenheim upped their target price 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. Wells Fargo & Company set a $115.00 price objective on shares of O'Reilly Automotive and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial increased their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays restated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.12.

Insider Activity

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the business'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 transaction, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 in the last quarter. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Trading Down 0.9%

Shares of ORLY opened at $101.17 on Friday. The stock has a market cap of $85.84 billion, a PE ratio of 36.17, a PEG ratio of 2.70 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The stock has a 50 day simple moving average of $103.86 and a 200-day simple moving average of $96.30.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results 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 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 analysts' expectations of $4.54 billion. During the same period in the prior year, the business posted $10.55 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

O'Reilly Automotive Company 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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