GAMMA Investing LLC Purchases 19,765 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• GAMMA Investing LLC significantly increased its stake in O'Reilly Automotive by 1,553.9%, purchasing an additional 19,765 shares during the second quarter, bringing its total holdings to 21,037 shares valued at approximately $1.896 million.
• Analysts have favorable views on O'Reilly Automotive, with multiple firms raising their price targets and a consensus rating of "Buy", alongside a target price of $107.17.
• Insider trading activity saw significant sales, with the senior vice president Shari Lynne Reaves selling 2,000 shares, leading to a 13.49% decrease in their position, amidst a broader trend of insiders having sold 125,635 shares worth around $12.74 million in the last quarter.

GAMMA Investing LLC boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,553.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,037 shares of the specialty retailer's stock after buying an additional 19,765 shares during the quarter. GAMMA Investing LLC's holdings in O'Reilly Automotive were worth $1,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marcum Wealth LLC lifted its holdings in O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC lifted its holdings in O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ORLY shares. Truist Financial lifted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada boosted their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Barclays restated an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Finally, Guggenheim boosted their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two 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. According to MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Trading Down 0.5%

NASDAQ:ORLY opened at $103.45 on Tuesday. The company has a market cap of $87.78 billion, a PE ratio of 36.98, a P/E/G ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The company's 50 day moving average is $101.58 and its two-hundred day moving average is $94.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O'Reilly Automotive's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% 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 5,050 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at $284,925.32. This trade 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 valued at $12,740,916 over the last quarter. Insiders own 1.01% of the company's stock.

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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