O'Reilly Automotive, Inc. $ORLY is Farther Finance Advisors LLC's 8th Largest Position

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 boosted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,403.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765,910 shares of the specialty retailer's stock after purchasing an additional 714,953 shares during the quarter. 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 about 0.09% of O'Reilly Automotive worth $69,031,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of O'Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Wellington Management Group LLP raised its position in O'Reilly Automotive by 20.8% in the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. Amundi increased its holdings in O'Reilly Automotive by 4.7% in the 1st quarter. Amundi now owns 734,322 shares of the specialty retailer's stock worth $1,058,345,000 after acquiring an additional 32,917 shares in the last quarter. Finally, Northern Trust Corp grew its stake in O'Reilly Automotive by 0.8% during the first quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock valued at $941,403,000 after acquiring an additional 5,172 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded up $0.24 during midday trading on Friday, reaching $103.93. 10,047,562 shares of the company's stock were exchanged, compared to its average volume of 4,494,938. The business's fifty day moving average price is $101.37 and its two-hundred day moving average price is $94.60. The stock has a market capitalization of $88.18 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. 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 posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for 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 revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. Company insiders own 1.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ORLY shares. JPMorgan Chase & Co. boosted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. UBS Group lifted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. DA Davidson upped their target price 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. Barclays restated an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, Evercore ISI raised their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.