Gradient Investments LLC Raises Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Gradient Investments LLC increased its stake in O'Reilly Automotive by 1,445.8% in Q2, owning 36,234 shares valued at approximately $3.26 million by the end of the reporting period.
• Recent stock sales by O'Reilly Automotive insiders totalled over $12.7 million, indicating a significant decrease in their positions.
• Analysts have raised their price targets for O'Reilly Automotive, with a consensus target price now at $106.36 and a majority rating the stock as a "Buy."

Gradient Investments LLC lifted its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,445.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,234 shares of the specialty retailer's stock after buying an additional 33,890 shares during the period. Gradient Investments LLC's holdings in O'Reilly Automotive were worth $3,266,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ORLY. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $26,000. HighMark Wealth Management LLC raised its stake in shares of O'Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after buying an additional 13 shares in the last quarter. Elequin Capital LP purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $33,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last 90 days. Corporate insiders own 1.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ORLY shares. Evercore ISI increased their target price 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. Citigroup upped their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wells Fargo & Company upped their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. 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 report on Monday, July 21st. Finally, DA Davidson upped their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $106.36.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $106.29 on Tuesday. The business's fifty day moving average price is $100.38 and its two-hundred day moving average price is $94.20. The stock has a market cap of $90.19 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates 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 negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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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