O'Reilly Automotive, Inc. $ORLY Holdings Trimmed by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its holdings in O'Reilly Automotive by 3.0%, now owning 170,409 shares valued at approximately $244 million.
• Recent quarterly earnings showed O'Reilly Automotive meeting expectations with an EPS of $0.78 and a revenue of $4.53 billion, reflecting a year-over-year increase of 5.9%.
• Several analysts have recently increased their price targets for O'Reilly Automotive, with Citigroup raising it from $104 to $114, contributing to a consensus "Buy" rating for the stock.

Raymond James Financial Inc. decreased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,409 shares of the specialty retailer's stock after selling 5,210 shares during the quarter. Raymond James Financial Inc. owned approximately 0.30% of O'Reilly Automotive worth $244,124,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORLY. HWG Holdings LP purchased a new stake in O'Reilly Automotive during the first quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive in the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC boosted its holdings 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 worth $29,000 after purchasing an additional 13 shares during the period. Piscataqua Savings Bank purchased a new position in O'Reilly Automotive during the 1st quarter valued at $43,000. Finally, Vestor Capital LLC purchased a new position in O'Reilly Automotive during the 1st quarter valued at $43,000. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Price Performance

NASDAQ ORLY traded down $0.1470 on Friday, hitting $102.7230. 1,378,833 shares of the company's stock were exchanged, compared to its average volume of 5,597,784. The firm's 50-day moving average price is $95.25 and its two-hundred day moving average price is $92.20. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The firm has a market cap of $87.16 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.75 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company earned $10.55 EPS. O'Reilly Automotive's 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, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ORLY shares. Evercore ISI boosted their price target 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. Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Truist Financial increased their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating on shares of O'Reilly Automotive in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average target price of $104.40.

Insider Activity at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was 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 directly owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,920 shares of company stock valued at $15,487,502. 1.01% of the stock is currently owned by insiders.

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.