Drive Wealth Management LLC Buys 3,947 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Drive Wealth Management LLC drastically increased its stake in O'Reilly Automotive, purchasing an additional 3,947 shares, marking a 1,361% increase during the 2nd quarter, bringing its total holdings to 4,237 shares valued at $382,000.
• Institutional investors collectively own 85.00% of O'Reilly Automotive's stock, with several firms reporting significant increases in their positions during the same quarter.
• Analysts have shown increased confidence in O'Reilly Automotive's future, with multiple price target upgrades, including UBS Group raising their target from $115.00 to $120.00 and TD Cowen from $112.00 to $125.00.

Drive Wealth Management LLC lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,361.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,237 shares of the specialty retailer's stock after buying an additional 3,947 shares during the period. Drive Wealth Management LLC's holdings in O'Reilly Automotive were worth $382,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Canvas Wealth Advisors LLC grew its position in O'Reilly Automotive by 1,405.0% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 3,597 shares of the specialty retailer's stock worth $350,000 after acquiring an additional 3,358 shares during the last quarter. Evermay Wealth Management LLC boosted its stake in shares of O'Reilly Automotive by 1,400.0% during the second quarter. Evermay Wealth Management LLC now owns 450 shares of the specialty retailer's stock valued at $41,000 after purchasing an additional 420 shares during the period. Stephens Inc. AR grew its holdings in shares of O'Reilly Automotive by 1,439.1% in the second quarter. Stephens Inc. AR now owns 94,365 shares of the specialty retailer's stock worth $8,505,000 after purchasing an additional 88,234 shares during the last quarter. Sentry Investment Management LLC grew its holdings in shares of O'Reilly Automotive by 1,400.0% in the second quarter. Sentry Investment Management LLC now owns 2,640 shares of the specialty retailer's stock worth $242,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Eos Management L.P. increased its stake in shares of O'Reilly Automotive by 1,878.8% in the second quarter. Eos Management L.P. now owns 88,275 shares of the specialty retailer's stock worth $7,956,000 after buying an additional 83,814 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated 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 sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last three months. Company insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group reiterated a "buy" rating and set a $120.00 price target (up from $115.00) on shares of O'Reilly Automotive in a report on Wednesday, October 15th. Guggenheim upped their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Argus started coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, TD Cowen upped their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, O'Reilly Automotive currently has an average rating of "Moderate Buy" and a consensus target price of $110.04.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $100.97 on Tuesday. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The stock has a market capitalization of $85.67 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.68 and a beta of 0.60. The company's 50-day moving average is $103.77 and its 200 day moving average is $96.41.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share 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 business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the previous year, the firm posted $10.55 EPS. The business's revenue 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. Research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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