Canandaigua National Trust Co of Florida Acquires Shares of 3,375 O'Reilly Automotive, Inc. $ORLY

Key Points

• Canandaigua National Trust Co of Florida acquired 3,375 shares of O'Reilly Automotive, Inc. valued at approximately $304,000 in the second quarter.
• Institutional investors own 85% of O'Reilly Automotive's stock, with several firms increasing their stakes recently.
• Analysts have bullishly adjusted their price targets for O'Reilly Automotive, now ranging from $109.00 to $115.00, with an overall average rating of "Buy."

Canandaigua National Trust Co of Florida acquired a new stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,375 shares of the specialty retailer's stock, valued at approximately $304,000.

Several other institutional investors have also added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC increased its holdings in shares of O'Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after buying an additional 8 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of O'Reilly Automotive by 4.0% during the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC increased its holdings in shares of O'Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after buying an additional 8 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ORLY shares. JPMorgan Chase & Co. upped their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Citigroup upped their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. DA Davidson boosted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI boosted their price objective 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. Finally, Truist Financial boosted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $104.40.

O'Reilly Automotive Trading Down 0.3%

Shares of ORLY opened at $107.50 on Monday. The stock has a market capitalization of $91.21 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. The firm's fifty day simple moving average is $100.11 and its two-hundred day simple moving average is $94.10. O'Reilly Automotive, Inc. has a 12 month low of $73.33 and a 12 month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

O'Reilly Automotive 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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