O'Reilly Automotive, Inc. $ORLY Shares Bought by Beacon Financial Group

Key Points

• Beacon Financial Group increased its holdings in O'Reilly Automotive by 1,399% in Q2, acquiring an additional 6,771 shares, bringing their total to 7,255 shares worth approximately $654,000.
• Several institutional investors, including GAMMA Investing LLC and MassMutual Private Wealth & Trust FSB, significantly raised their stakes in O'Reilly Automotive during the same period.
• Wall Street analysts have a positive outlook on O'Reilly Automotive, with target price increases from multiple brokerages, and a current consensus average rating of "Buy."

Beacon Financial Group grew its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,399.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,255 shares of the specialty retailer's stock after acquiring an additional 6,771 shares during the quarter. Beacon Financial Group's holdings in O'Reilly Automotive were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of O'Reilly Automotive by 16.4% during the 1st 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. boosted its holdings in O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after acquiring an additional 75,125 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after acquiring an additional 147,904 shares during the period. CCM Investment Group LLC purchased a new position in O'Reilly Automotive during the 1st quarter valued at $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Up 0.2%

Shares of NASDAQ ORLY traded up $0.24 during midday trading on Friday, hitting $103.93. The stock had a trading volume of 10,047,562 shares, compared to its average volume of 5,517,893. The company has a market capitalization of $88.18 billion, a PE ratio of 37.15, a P/E/G ratio of 2.76 and a beta of 0.60. The stock has a 50 day simple moving average of $101.12 and a 200-day simple moving average of $94.43. O'Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the firm earned $10.55 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the subject of several research reports. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday. TD Cowen upped their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday. Citigroup upped their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Argus began coverage on O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. Finally, Evercore ISI upped their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Two 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's stock. Based on data from MarketBeat, O'Reilly Automotive currently has an average rating of "Buy" and an average target price of $107.17.

Insider Buying and Selling

In related news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% 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 three months. Company 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.