Forum Financial Management LP Purchases 9,175 Shares of O'Reilly Automotive, Inc. $ORLY

Forum Financial Management LP lifted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,475.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,797 shares of the specialty retailer's stock after acquiring an additional 9,175 shares during the period. Forum Financial Management LP's holdings in O'Reilly Automotive were worth $883,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ethic Inc. raised its position in shares of O'Reilly Automotive by 1,977.9% in the 2nd quarter. Ethic Inc. now owns 66,888 shares of the specialty retailer's stock worth $5,964,000 after acquiring an additional 63,669 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in shares of O'Reilly Automotive by 1,243.1% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 3,586 shares of the specialty retailer's stock worth $323,000 after acquiring an additional 3,319 shares in the last quarter. Caliber Wealth Management LLC KS bought a new position in shares of O'Reilly Automotive in the 2nd quarter worth approximately $597,000. Adams Diversified Equity Fund Inc. raised its position in shares of O'Reilly Automotive by 1,322.4% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 247,500 shares of the specialty retailer's stock worth $22,307,000 after acquiring an additional 230,100 shares in the last quarter. Finally, Black Diamond Financial LLC raised its position in shares of O'Reilly Automotive by 1,400.0% in the 2nd quarter. Black Diamond Financial LLC now owns 3,015 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 2,814 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays reissued an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Wells Fargo & Company set a $115.00 price target on O'Reilly Automotive and gave the stock an "overweight" rating in a research note on Wednesday, October 15th. Mizuho set a $112.00 price target on O'Reilly Automotive in a research note on Monday. Evercore ISI upped their price target 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. Finally, JPMorgan Chase & Co. upped their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, O'Reilly Automotive currently has an average rating of "Moderate Buy" and an average price target of $111.12.

O'Reilly Automotive Trading Down 2.9%

Shares of ORLY opened at $98.27 on Friday. The business's fifty day simple moving average is $103.66 and its two-hundred day simple moving average is $96.55. O'Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The company has a market cap of $83.38 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 2.67 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. O'Reilly Automotive had a negative return on equity of 190.20% and a net margin of 14.23%.The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the business posted $11.41 EPS. The company's revenue was up 7.8% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insiders Place Their Bets

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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.

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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