Elk River Wealth Management LLC Raises Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Elk River Wealth Management LLC increased its stake in O'Reilly Automotive by an impressive 1,397.8% during the second quarter, acquiring an additional 99,691 shares, bringing its total to 106,823 shares.
• O'Reilly Automotive reported a 5.9% revenue increase year-over-year, with quarterly revenue of $4.53 billion, while its earnings per share matched analysts' expectations at $0.78.
• Several analysts have raised their price targets for O'Reilly Automotive, with a consensus target of $107.17, reflecting positive sentiment about the company's future performance.

Elk River Wealth Management LLC grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,397.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 106,823 shares of the specialty retailer's stock after buying an additional 99,691 shares during the quarter. O'Reilly Automotive accounts for approximately 1.7% of Elk River Wealth Management LLC's portfolio, making the stock its 18th biggest position. Elk River Wealth Management LLC's holdings in O'Reilly Automotive were worth $9,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in O'Reilly Automotive in the second quarter valued at approximately $1,159,000. IFM Investors Pty Ltd increased its position in shares of O'Reilly Automotive by 1,448.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 165,990 shares of the specialty retailer's stock valued at $14,961,000 after purchasing an additional 155,272 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of O'Reilly Automotive by 1,361.5% in the 2nd quarter. Grove Bank & Trust now owns 2,280 shares of the specialty retailer's stock valued at $205,000 after purchasing an additional 2,124 shares in the last quarter. Piscataqua Savings Bank raised its holdings in shares of O'Reilly Automotive by 1,400.0% in the 2nd quarter. Piscataqua Savings Bank now owns 450 shares of the specialty retailer's stock valued at $41,000 after purchasing an additional 420 shares in the last quarter. Finally, Legacy Financial Strategies LLC lifted its position in shares of O'Reilly Automotive by 1,398.9% during the 2nd quarter. Legacy Financial Strategies LLC now owns 3,987 shares of the specialty retailer's stock worth $359,000 after purchasing an additional 3,721 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Trading Down 0.8%

O'Reilly Automotive stock opened at $103.69 on Friday. The stock has a 50 day moving average of $101.12 and a two-hundred day moving average of $94.43. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The stock has a market capitalization of $87.98 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.76 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 earnings per share. The company's quarterly 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. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the transaction, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 in the last ninety days. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ORLY. JPMorgan Chase & Co. raised their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Guggenheim raised their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Barclays restated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $107.17.

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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