Ignite Planners LLC Has $334,000 Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Ignite Planners LLC significantly increased its holdings in O'Reilly Automotive by 1,143.6%, acquiring a total of 3,619 shares valued at $334,000.
• Wall Street analysts are generally optimistic about O'Reilly Automotive, with a consensus rating of "Buy" and a price target averaging $107.17.
• In its latest earnings report, O'Reilly Automotive met analyst expectations with an EPS of $0.78, even as it experienced a 5.9% revenue increase year-over-year.

Ignite Planners LLC lifted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,143.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,619 shares of the specialty retailer's stock after acquiring an additional 3,328 shares during the quarter. Ignite Planners LLC's holdings in O'Reilly Automotive were worth $334,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ORLY. UBS Group boosted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a research report on Wednesday. Barclays reiterated 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. BMO Capital Markets upped their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, DA Davidson upped their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Stock Down 1.1%

ORLY opened at $100.76 on Thursday. O'Reilly Automotive, Inc. has a 12 month low of $76.22 and a 12 month high of $108.71. The company has a fifty day simple moving average of $103.81 and a 200 day simple moving average of $95.94. The stock has a market cap of $85.49 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.69 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting 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 business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the company earned $10.55 EPS. The firm'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 research analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 owned 2,876 shares of the company's stock, 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 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.

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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