O'Reilly Automotive, Inc. $ORLY Shares Acquired by Cross Staff Investments Inc

Key Points

• Cross Staff Investments Inc increased its ownership in O'Reilly Automotive by 1,400.0%, acquiring a total of 6,000 shares valued at approximately $541,000.
• Analysts are optimistic about O'Reilly Automotive, with multiple price target increases, showing a consensus price target of $107.17 and an average rating of "Buy."
• Insider trading activity has been notable, with senior vice president Mark Joseph Merz selling 29,505 shares for approximately $2.9 million, reflecting an 87.45% decrease in his holdings.

Cross Staff Investments Inc raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the specialty retailer's stock after purchasing an additional 5,600 shares during the period. Cross Staff Investments Inc's holdings in O'Reilly Automotive were worth $541,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ORLY. GAMMA Investing LLC increased its stake in O'Reilly Automotive by 22.3% in the first quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock valued at $1,822,000 after purchasing an additional 232 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $343,000. Focus Financial Network Inc. boosted its holdings in shares of O'Reilly Automotive by 3.0% in the first quarter. Focus Financial Network Inc. now owns 519 shares of the specialty retailer's stock valued at $744,000 after acquiring an additional 15 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in shares of O'Reilly Automotive by 31.4% in the first quarter. NorthCrest Asset Manangement LLC now owns 4,160 shares of the specialty retailer's stock valued at $5,960,000 after acquiring an additional 993 shares during the period. Finally, Smithbridge Asset Management Inc. DE acquired a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $645,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORLY shares. Royal Bank Of Canada increased their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Argus started coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target for the company. Guggenheim increased their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and a consensus target price of $107.17.

Insider Transactions at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Up 2.4%

NASDAQ:ORLY opened at $102.15 on Friday. The company has a market capitalization of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock has a fifty day simple moving average of $103.90 and a 200-day simple moving average of $96.07.

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 (EPS) for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion during 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 business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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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