Avanza Fonder AB Acquires 77,787 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Avanza Fonder AB significantly increased its stock position in O'Reilly Automotive by 1,473.8%, owning 83,065 shares valued at approximately $7.5 million following the acquisition of an additional 77,787 shares in Q2.
• Insider sales have occurred, with two executives selling a combined total of 125,635 shares worth over $12.7 million in the last quarter, indicating substantial decreases in their holdings.
• Equities analysts have expressed optimism for O'Reilly Automotive, raising price targets and maintaining a consensus rating of "Buy", with the current average price target set at $107.17.

Avanza Fonder AB lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,473.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,065 shares of the specialty retailer's stock after purchasing an additional 77,787 shares during the period. Avanza Fonder AB's holdings in O'Reilly Automotive were worth $7,487,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ORLY. Bank Pictet & Cie Europe AG grew its stake in shares of O'Reilly Automotive by 3.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after purchasing an additional 1,208 shares during the period. Two Sigma Advisers LP acquired a new stake in O'Reilly Automotive during the 4th quarter worth $1,660,000. Woodline Partners LP bought a new position in O'Reilly Automotive during the 4th quarter worth about $4,111,000. Vise Technologies Inc. increased its holdings in O'Reilly Automotive by 83.2% during the 4th quarter. Vise Technologies Inc. now owns 720 shares of the specialty retailer's stock worth $854,000 after purchasing an additional 327 shares in the last quarter. Finally, GTS Securities LLC grew its holdings in shares of O'Reilly Automotive by 128.0% in the 4th quarter. GTS Securities LLC now owns 1,847 shares of the specialty retailer's stock valued at $2,190,000 after acquiring an additional 8,455 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 Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction 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 directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $0.19 on Tuesday, reaching $103.27. 3,045,838 shares of the company traded hands, compared to its average volume of 5,500,029. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The company has a 50 day moving average of $101.58 and a 200 day moving average of $94.71. The firm has a market capitalization of $87.62 billion, a PE ratio of 36.93, a PEG ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its 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 net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm earned $10.55 EPS. The company'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. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ORLY. BMO Capital Markets raised their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. DA Davidson lifted 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 report on Friday, July 25th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. Finally, Evercore ISI boosted their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average price target of $107.17.

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.