Fortune Financial Advisors LLC raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,415.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,781 shares of the specialty retailer's stock after purchasing an additional 35,288 shares during the quarter. O'Reilly Automotive accounts for about 2.7% of Fortune Financial Advisors LLC's investment portfolio, making the stock its 7th biggest position. Fortune Financial Advisors LLC's holdings in O'Reilly Automotive were worth $3,405,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ORLY. GAMMA Investing LLC grew its holdings in shares of O'Reilly Automotive by 175,115.6% during the 1st 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 stake in O'Reilly Automotive by 1,403.1% during the second 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 in the last quarter. Nuveen LLC bought a new stake in O'Reilly Automotive in the 1st quarter valued at $897,549,000. Argent Capital Management LLC raised its stake in shares of O'Reilly Automotive by 1,379.2% in the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after buying an additional 566,087 shares in the last quarter. Finally, Woodstock Corp lifted its holdings in shares of O'Reilly Automotive by 1,376.6% during the 2nd quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after acquiring an additional 545,839 shares during the period. Institutional investors own 85.00% of the company's stock.
O'Reilly Automotive Stock Down 0.3%
Shares of NASDAQ ORLY opened at $103.47 on Thursday. The company has a market cap of $87.79 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $75.32 and a 12-month high of $108.42. The firm's 50-day simple moving average is $102.07 and its 200 day simple moving average is $94.83.
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, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the business earned $10.55 earnings per share. O'Reilly Automotive's quarterly 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. On average, equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wolfe Research began coverage on O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price target on the stock. Evercore ISI increased their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Citigroup increased their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $107.17.
Get Our Latest Report on O'Reilly Automotive
Insider Buying and Selling at O'Reilly Automotive
In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction 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 in the company, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.
O'Reilly Automotive Profile
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Free Report)
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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