IAM Advisory LLC Takes $649,000 Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• IAM Advisory LLC has acquired a new stake in O'Reilly Automotive, purchasing 7,198 shares valued at approximately $649,000 in the second quarter.
• O'Reilly Automotive recently reported earnings of $0.78 per share for the last quarter, meeting analysts' expectations, while their revenue showed a year-over-year increase of 5.9%.
• Equities analysts have raised their target prices for O'Reilly Automotive, with UBS Group increasing its target from $105.00 to $115.00 and TD Cowen lifting it from $112.00 to $125.00.

IAM Advisory LLC purchased a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,198 shares of the specialty retailer's stock, valued at approximately $649,000.

Several other hedge funds also recently made changes to their positions in ORLY. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive in the first quarter valued at $25,000. HWG Holdings LP purchased a new position in shares of O'Reilly Automotive in the first quarter valued at $26,000. HighMark Wealth Management LLC grew its position in shares of O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP purchased a new position in shares of O'Reilly Automotive in the first quarter valued at $30,000. Finally, Saudi Central Bank purchased a new position in shares of O'Reilly Automotive in the first quarter valued at $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O'Reilly Automotive Trading Down 1.1%

NASDAQ ORLY opened at $106.29 on Tuesday. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The stock has a 50-day moving average of $100.38 and a 200-day moving average of $94.20. The firm 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 (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, meeting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore ISI boosted their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Barclays restated an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. UBS Group boosted their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. TD Cowen boosted their target price on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Royal Bank Of Canada boosted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $106.36.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents 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 Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% 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 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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