Institute for Wealth Management LLC. Buys 3,538 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Institute for Wealth Management LLC increased its stake in O'Reilly Automotive by 1,392.9%, acquiring an additional 3,538 shares, bringing its total to 3,792 shares valued at approximately $342,000.
• Recent analyst ratings indicate a consensus Buy rating for O'Reilly Automotive, with target prices raised by multiple firms, the highest being $121.00 from Wolfe Research.
• O'Reilly Automotive reported earnings of $0.78 per share with a revenue of $4.53 billion for its last quarter, showing a year-over-year revenue increase of 5.9%.

Institute for Wealth Management LLC. boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,392.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,792 shares of the specialty retailer's stock after acquiring an additional 3,538 shares during the period. Institute for Wealth Management LLC.'s holdings in O'Reilly Automotive were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive in the first quarter worth about $25,000. HWG Holdings LP bought a new stake in O'Reilly Automotive in the first quarter worth about $26,000. Oakworth Capital Inc. raised its position in O'Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 264 shares during the period. ORG Partners LLC raised its position in O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 277 shares during the period. Finally, HighMark Wealth Management LLC raised its position in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares during the period. Institutional investors own 85.00% of the company's stock.

Analyst Ratings Changes

ORLY has been the subject of several recent research reports. Truist Financial lifted their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wolfe Research initiated coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price for the company. DA Davidson lifted their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI lifted their target price on shares of 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, BMO Capital Markets lifted their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Price Performance

Shares of O'Reilly Automotive stock opened at $104.97 on Friday. O'Reilly Automotive, Inc. has a 1 year low of $75.93 and a 1 year high of $108.71. The firm has a market cap of $89.07 billion, a PE ratio of 37.53, a PEG ratio of 2.79 and a beta of 0.60. The company has a 50 day simple moving average of $103.46 and a two-hundred day simple moving average of $95.57.

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

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% 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. Insiders own 1.01% of the company's stock.

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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