Legacy Financial Group LLC Raises Stock Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Legacy Financial Group LLC increased its stake in O'Reilly Automotive by 1,695.5%, owning 7,200 shares worth approximately $649,000 after buying 6,799 shares in the second quarter.
• Analysts have raised their target prices for O'Reilly Automotive, with Citigroup setting a new price objective at $114.00 and UBS at $115.00, reflecting a consensus rating of "Buy."
• Insider trading activity includes SVP Carl David Wilbanks selling 88,485 shares at an average price of $102.54, reducing his ownership by 89.57%.

Legacy Financial Group LLC lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,695.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,200 shares of the specialty retailer's stock after buying an additional 6,799 shares during the quarter. Legacy Financial Group LLC's holdings in O'Reilly Automotive were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the 1st quarter valued at $26,000. HighMark Wealth Management LLC lifted 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 valued at $29,000 after buying an additional 13 shares in the last quarter. Elequin Capital LP bought a new position in O'Reilly Automotive in the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new stake in O'Reilly Automotive in the 1st quarter worth $33,000. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ORLY shares. BMO Capital Markets boosted their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Guggenheim lifted their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Truist Financial boosted their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, UBS Group lifted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $107.17.

Insiders Place Their Bets

In other 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 of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the 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 completion of the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% 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 worth $12,740,916 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

O'Reilly Automotive Stock Up 0.3%

ORLY stock opened at $103.73 on Wednesday. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The stock has a market capitalization of $88.01 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The firm's fifty day simple moving average is $101.83 and its two-hundred day simple moving average is $94.77.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company 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 expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O'Reilly Automotive 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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