Floyd Financial Group LLC Buys 12,198 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Floyd Financial Group LLC significantly increased its stake in O'Reilly Automotive by 1,436.7% during the second quarter, acquiring an additional 12,198 shares, bringing its total holdings to 13,047 shares worth approximately $1.19 million.
• Major hedge funds, including GAMMA Investing LLC and Farther Finance Advisors LLC, have also made substantial increases in their stakes, with GAMMA increasing its holdings by over 175,000% in the first quarter.
• O'Reilly Automotive's stock has received positive reviews from analysts, with multiple upgrades resulting in a raised average target price of $107.17 and a consensus rating of "Buy."

Floyd Financial Group LLC lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,436.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,047 shares of the specialty retailer's stock after acquiring an additional 12,198 shares during the quarter. O'Reilly Automotive makes up approximately 1.1% of Floyd Financial Group LLC's holdings, making the stock its 23rd biggest position. Floyd Financial Group LLC's holdings in O'Reilly Automotive were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC increased its stake in shares of O'Reilly Automotive by 175,115.6% in the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in O'Reilly Automotive by 1,403.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after buying an additional 714,953 shares during the period. Nuveen LLC purchased a new stake in O'Reilly Automotive in the 1st quarter worth $897,549,000. Argent Capital Management LLC raised its holdings in O'Reilly Automotive by 1,379.2% during the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after acquiring an additional 566,087 shares during the period. Finally, Woodstock Corp raised its holdings in O'Reilly Automotive by 1,376.6% during the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock valued at $52,770,000 after acquiring an additional 545,839 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORLY shares. Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company raised their target price 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. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. TD Cowen increased their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Down 0.3%

Shares of NASDAQ:ORLY opened at $103.47 on Thursday. The firm has a fifty day simple moving average of $102.07 and a two-hundred day simple moving average of $94.83. O'Reilly Automotive, Inc. has a 52 week low of $75.32 and a 52 week high of $108.42. The stock has a market capitalization of $87.79 billion, a P/E ratio of 36.99, a PEG ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm 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 revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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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