Bank of Nova Scotia Purchases New Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Bank of Nova Scotia acquired 326,455 shares of O’Reilly Automotive during the second quarter, valued at approximately $30.1 million. Institutional investors collectively own about 85% of the company.
• O’Reilly reported quarterly EPS of $0.86, matching estimates, while revenue rose 8.1% year over year to $4.89 billion. Shares opened at $89.11, near the company’s 50-day moving average.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $107.24, although insiders sold 6,200 shares worth approximately $568,684 over the past 90 days.

Bank of Nova Scotia acquired a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 326,455 shares of the specialty retailer's stock, valued at approximately $30,063,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kendall Capital Management purchased a new position in O'Reilly Automotive in the 2nd quarter worth approximately $1,933,000. Kirtland Hills Capital Management LLC purchased a new stake in shares of O'Reilly Automotive during the second quarter valued at approximately $384,000. Compass Financial Management LLC purchased a new stake in shares of O'Reilly Automotive during the second quarter valued at approximately $92,000. Elevation Point Wealth Partners LLC acquired a new position in shares of O'Reilly Automotive during the second quarter worth $1,968,000. Finally, Alta Advisers Ltd acquired a new position in shares of O'Reilly Automotive during the second quarter worth $306,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 3,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the completion of the sale, the senior vice president directly owned 189 shares of the company's stock, valued at $17,577. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the sale, the director owned 14,970 shares in the company, valued at $1,374,994.50. The trade was a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,200 shares of company stock valued at $568,684. Insiders own 0.77% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $89.11 on Monday. The company has a fifty day simple moving average of $88.91 and a 200 day simple moving average of $91.02. The firm has a market cap of $72.09 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.51. O'Reilly Automotive, Inc. has a 12-month low of $82.59 and a 12-month high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.86 billion. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORLY. DA Davidson set a $106.00 price target on shares of O'Reilly Automotive in a report on Friday, July 31st. UBS Group reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Friday, July 31st. Mizuho upped their price objective on shares of O'Reilly Automotive from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Robert W. Baird set a $100.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 31st. Finally, TD Cowen lowered their target price on O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.24.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company's product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O'Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.

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