Canandaigua National Bank & Trust Co. Buys 16,198 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Canandaigua National Bank & Trust Co. significantly increased its stake in O'Reilly Automotive, purchasing 16,198 shares and raising its total holdings to 17,491 shares worth approximately $1.576 million.
• Analysts have provided an average price target of $106.36 for O'Reilly Automotive, with ratings ranging from Strong Buy to Hold.
• In recent insider transactions, SVP Carl David Wilbanks sold 88,485 shares at an average price of $102.54, marking a significant reduction in his ownership by 89.57%.

Canandaigua National Bank & Trust Co. lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,252.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,491 shares of the specialty retailer's stock after purchasing an additional 16,198 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in O'Reilly Automotive were worth $1,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC boosted its stake in O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after buying an additional 8 shares in the last quarter. Marcum Wealth LLC boosted its stake in O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC boosted its stake in O'Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC boosted its stake in O'Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ORLY shares. Barclays reaffirmed an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. Truist Financial raised their price objective on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Citigroup increased 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. Royal Bank Of Canada increased their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets increased their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $106.36.

O'Reilly Automotive Price Performance

Shares of ORLY opened at $106.29 on Tuesday. O'Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The company has a market capitalization of $90.19 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. The business has a 50-day moving average of $100.38 and a 200-day moving average of $94.20.

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 (EPS) for the quarter, hitting 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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $10.55 earnings per share. The firm'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, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Buying and Selling

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last three months. 1.01% of the stock is owned by insiders.

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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