O'Reilly Automotive, Inc. $ORLY Shares Bought by Cooper Financial Group

Key Points

• Cooper Financial Group dramatically increased its stake in O'Reilly Automotive, raising its holdings by 860.8% during the second quarter, totaling 4,554 shares valued at $410,000.
• Several other institutional investors also made noteworthy acquisitions, with hedge funds owning 85.00% of the company's stock, indicating strong institutional interest in O'Reilly Automotive.
• O'Reilly Automotive's recent earnings report matched analysts' expectations with an EPS of $0.78 and a revenue of $4.53 billion, showing a 5.9% year-over-year revenue increase.

Cooper Financial Group raised its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 860.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,554 shares of the specialty retailer's stock after buying an additional 4,080 shares during the quarter. Cooper Financial Group's holdings in O'Reilly Automotive were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive during the first quarter valued at approximately $25,000. HWG Holdings LP bought a new position in shares of O'Reilly Automotive in the 1st quarter valued at approximately $26,000. Oakworth Capital Inc. raised its stake in shares of O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares in the last quarter. ORG Partners LLC raised its position in shares of O'Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 277 shares during the period. Finally, HighMark Wealth Management LLC increased its position 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 acquiring an additional 13 shares during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

Insider Activity at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the business'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 transaction, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. The trade was a 63.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business's stock in a transaction 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 transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORLY. UBS Group upped their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Barclays reissued an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a report on Friday, July 25th. Wells Fargo & Company increased their price target on shares of 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, JPMorgan Chase & Co. increased their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, O'Reilly Automotive presently has an average rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Stock Down 0.7%

NASDAQ ORLY opened at $104.97 on Friday. The company has a market cap of $89.07 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.60. O'Reilly Automotive, Inc. has a 52 week low of $75.93 and a 52 week high of $108.71. The firm's 50-day simple moving average is $103.46 and its two-hundred day simple moving average is $95.57.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the firm posted $10.55 EPS. The firm's quarterly 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. As a group, equities research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS 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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