Checchi Capital Advisers LLC Buys 9,926 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Checchi Capital Advisers LLC significantly increased its stake in O'Reilly Automotive, acquiring an additional 9,926 shares, totaling 10,632 shares with a holding value of $958,000 after a 1,405.9% increase in their position.
• Several analysts have raised their price targets for O'Reilly Automotive, with firms like Wells Fargo and DA Davidson suggesting price objectives of $105.00 and $115.00 respectively, reflecting a general bullish sentiment towards the stock.
• O'Reilly Automotive reported $0.78 EPS for the last quarter, meeting consensus estimates, with revenues of $4.53 billion, a 5.9% increase year-over-year.

Checchi Capital Advisers LLC raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,405.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,632 shares of the specialty retailer's stock after buying an additional 9,926 shares during the period. Checchi Capital Advisers LLC's holdings in O'Reilly Automotive were worth $958,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORLY. Hennion & Walsh Asset Management Inc. grew its position in shares of O'Reilly Automotive by 69.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 589 shares of the specialty retailer's stock valued at $844,000 after buying an additional 242 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of O'Reilly Automotive by 20.7% in the 1st quarter. Sivia Capital Partners LLC now owns 274 shares of the specialty retailer's stock valued at $392,000 after buying an additional 47 shares during the last quarter. Wedmont Private Capital grew its position in shares of O'Reilly Automotive by 13.1% in the 1st quarter. Wedmont Private Capital now owns 1,036 shares of the specialty retailer's stock valued at $1,440,000 after buying an additional 120 shares during the last quarter. Bennett Selby Investments LP acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $241,000. Finally, Capital Investment Advisors LLC lifted its stake in shares of O'Reilly Automotive by 6.8% in the 1st quarter. Capital Investment Advisors LLC now owns 1,983 shares of the specialty retailer's stock valued at $2,842,000 after purchasing an additional 126 shares during the period. Institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. DA Davidson boosted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays reissued 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. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Finally, Wolfe Research assumed coverage on O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Down 0.2%

Shares of O'Reilly Automotive stock opened at $104.79 on Monday. The company has a market cap of $88.91 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52 week low of $76.10 and a 52 week high of $108.71. The business has a 50 day moving average price of $103.61 and a 200-day moving average price of $95.77.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business 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 anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.

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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