O'Reilly Automotive, Inc. $ORLY Shares Acquired by ABLE Financial Group LLC

Key Points

• ABLE Financial Group LLC increased its stake in O'Reilly Automotive by 1,400% during Q2, now holding 2,970 shares valued at approximately $268,000.
• In recent insider transactions, SVP Shari Lynne Reaves sold 2,000 shares, a 13.49% decrease in ownership, while another SVP sold 5,050 shares, decreasing their stake by 63.71%.
• Several analysts have raised their price targets for O'Reilly Automotive, with Citigroup and UBS both boosting their targets to $114.00 and $115.00 respectively, indicating a generally positive outlook for the stock.

ABLE Financial Group LLC lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,970 shares of the specialty retailer's stock after buying an additional 2,772 shares during the quarter. ABLE Financial Group LLC's holdings in O'Reilly Automotive were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of O'Reilly Automotive during the first quarter worth approximately $25,000. HWG Holdings LP bought a new position in O'Reilly Automotive during the first quarter worth $26,000. HighMark Wealth Management LLC lifted its stake in O'Reilly Automotive by 185.7% during the first 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 during the first quarter worth $30,000. Finally, Saudi Central Bank bought a new position in O'Reilly Automotive during the first quarter worth $33,000. Institutional investors and hedge funds own 85.00% of the company's stock.

Insider Transactions at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the transaction, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ORLY has been the topic of several research analyst reports. Citigroup raised their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. DA Davidson raised their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company raised their target price 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. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Two investment 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 company's stock. According to data from MarketBeat, O'Reilly Automotive currently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Down 0.5%

Shares of O'Reilly Automotive stock opened at $103.45 on Tuesday. The stock has a market cap of $87.78 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The company's 50-day moving average price is $101.58 and its two-hundred day moving average price is $94.71. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42.

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

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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