O'Reilly Automotive, Inc. $ORLY Shares Purchased by Baker Tilly Wealth Management LLC

Key Points

• Baker Tilly Wealth Management LLC increased its holdings in O'Reilly Automotive by 1,291.1%, acquiring an additional 9,554 shares during the second quarter, bringing their total to 10,294 shares worth approximately $928,000.
• Notable insider activity includes SVP Carl David Wilbanks selling 88,485 shares valued at over $9 million, representing an 89.57% decrease in his holdings.
• Equity analysts have raised their price targets for O'Reilly Automotive, with DA Davidson increasing it to $115.00, and the stock currently holds an average rating of "Buy" with a target price of $106.36.

Baker Tilly Wealth Management LLC grew its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,291.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,294 shares of the specialty retailer's stock after acquiring an additional 9,554 shares during the quarter. Baker Tilly Wealth Management LLC's holdings in O'Reilly Automotive were worth $928,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP purchased a new position in O'Reilly Automotive during the first quarter worth approximately $26,000. HighMark Wealth Management LLC boosted its stake in 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 purchased a new stake in O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORLY. 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. Evercore ISI raised their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. UBS Group boosted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. BMO Capital Markets increased their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Barclays reissued an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock traded down $0.56 during trading hours on Monday, hitting $103.37. The company had a trading volume of 1,515,061 shares, compared to its average volume of 5,495,057. The company's 50-day moving average is $101.37 and its two-hundred day moving average is $94.60. The company has a market cap of $87.71 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued 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. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

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.