Intelligence Driven Advisers LLC Purchases 2,440 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Intelligence Driven Advisers LLC increased its holdings in O'Reilly Automotive by 1,297.9% during the 2nd quarter, acquiring an additional 2,440 shares for a total of 2,628 shares valued at $237,000.
• A significant majority, 85.00% of O'Reilly Automotive's stock, is owned by institutional investors and hedge funds, with several firms like Vanguard Group and Wellington Management Group boosting their positions in the company.
• O'Reilly Automotive's stock has a consensus rating of "Buy", with analysts increasing price targets, and it reported $0.78 EPS in its latest earnings that met expectations.

Intelligence Driven Advisers LLC boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,297.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,628 shares of the specialty retailer's stock after buying an additional 2,440 shares during the quarter. Intelligence Driven Advisers LLC's holdings in O'Reilly Automotive were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in O'Reilly Automotive during the 1st quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $25,000. HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 185.7% in the 1st 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 during the period. Elequin Capital LP acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at about $33,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maria Sastre sold 595 shares of the stock in a transaction 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 transaction, the director directly owned 15,935 shares of the company's stock, 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 through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. Insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup boosted their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Argus assumed coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Evercore ISI upped their price target 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. Finally, Truist Financial upped their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Up 0.2%

Shares of ORLY stock traded up $0.24 on Friday, reaching $103.93. The company's stock had a trading volume of 10,047,562 shares, compared to its average volume of 4,166,746. O'Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42. The company has a market capitalization of $88.18 billion, a P/E ratio of 37.15, a PEG ratio of 2.74 and a beta of 0.60. The stock's 50 day simple moving average is $101.37 and its 200-day simple moving average is $94.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.