O'Reilly Automotive, Inc. $ORLY Position Raised by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC significantly increased its holdings in O'Reilly Automotive by 1,403.1%, owning 765,910 shares after purchasing an additional 714,953 shares in the second quarter.
• Analysts have raised their price targets for O'Reilly Automotive, with reports suggesting a current average target of $107.17, alongside a consensus rating of "Buy".
• O'Reilly Automotive reported earnings of $0.78 per share for the last quarter, slightly below expectations of $4.54 billion in revenue, showing a 5.9% year-over-year increase.

Farther Finance Advisors LLC raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,403.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 765,910 shares of the specialty retailer's stock after buying an additional 714,953 shares during the period. O'Reilly Automotive comprises 1.4% of Farther Finance Advisors LLC's investment portfolio, making the stock its 8th biggest position. Farther Finance Advisors LLC owned approximately 0.09% of O'Reilly Automotive worth $69,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG grew its position in shares of O'Reilly Automotive by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after purchasing an additional 1,208 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of O'Reilly Automotive in the fourth quarter valued at about $1,660,000. Woodline Partners LP acquired a new stake in shares of O'Reilly Automotive in the fourth quarter valued at about $4,111,000. Waverly Advisors LLC grew its position in shares of O'Reilly Automotive by 58.0% in the fourth quarter. Waverly Advisors LLC now owns 1,833 shares of the specialty retailer's stock valued at $2,174,000 after purchasing an additional 673 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of O'Reilly Automotive by 13.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,106 shares of the specialty retailer's stock valued at $13,169,000 after purchasing an additional 1,280 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Buying and Selling at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last 90 days. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Down 0.1%

NASDAQ:ORLY traded down $0.14 on Tuesday, hitting $103.31. The stock had a trading volume of 3,162,943 shares, compared to its average volume of 5,500,884. The stock has a market cap of $87.66 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.74 and a beta of 0.60. The company has a fifty day moving average price of $101.58 and a two-hundred day moving average price of $94.71. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42.

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, 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 net margin of 14.15% and a negative return on equity of 181.53%. The business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORLY. Evercore ISI lifted their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Citigroup lifted their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. DA Davidson boosted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets boosted their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and a consensus price target of $107.17.

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.