Dougherty Wealth Advisers LLC Grows Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Dougherty Wealth Advisers LLC significantly increased its position in O'Reilly Automotive by 1,400.0% in Q2, owning 2,910 shares valued at $262,000.
• Other institutional investors, such as JSF Financial LLC and Simplicity Wealth LLC, also made substantial increases in their holdings, with JSF Financial increasing theirs by 1,602.2%.
• O'Reilly Automotive reported a net margin of 14.15% for the quarter and reached a revenue of $4.53 billion, slightly below analysts' expectations but up 5.9% year-over-year.

Dougherty Wealth Advisers LLC grew its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,910 shares of the specialty retailer's stock after acquiring an additional 2,716 shares during the quarter. Dougherty Wealth Advisers LLC's holdings in O'Reilly Automotive were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JSF Financial LLC lifted its position in shares of O'Reilly Automotive by 1,602.2% in the second quarter. JSF Financial LLC now owns 11,541 shares of the specialty retailer's stock valued at $1,040,000 after acquiring an additional 10,863 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of O'Reilly Automotive by 2,637.5% in the second quarter. Simplicity Wealth LLC now owns 6,570 shares of the specialty retailer's stock valued at $592,000 after acquiring an additional 6,330 shares in the last quarter. Brown Miller Wealth Management LLC lifted its position in shares of O'Reilly Automotive by 1,400.0% in the second quarter. Brown Miller Wealth Management LLC now owns 3,195 shares of the specialty retailer's stock valued at $288,000 after acquiring an additional 2,982 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of O'Reilly Automotive by 1,073.9% in the second quarter. OLD National Bancorp IN now owns 2,700 shares of the specialty retailer's stock valued at $243,000 after acquiring an additional 2,470 shares in the last quarter. Finally, Clarius Group LLC lifted its position in shares of O'Reilly Automotive by 1,294.3% in the second quarter. Clarius Group LLC now owns 7,878 shares of the specialty retailer's stock valued at $710,000 after acquiring an additional 7,313 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 0.2%

ORLY stock opened at $104.79 on Monday. The company has a market capitalization of $88.91 billion, a PE ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $76.10 and a 12-month high of $108.71. The business's fifty day moving average price is $103.61 and its 200 day moving average price is $95.77.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results 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 analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several research reports. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. TD Cowen increased their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Guggenheim increased their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI increased their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and an average target price of $107.17.

Insider Transactions at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was 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. The trade was a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last quarter. Company insiders own 1.01% of the company's stock.

About O'Reilly Automotive

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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