O'Reilly Automotive, Inc. $ORLY Shares Bought by Litman Gregory Wealth Management LLC

Key Points

• Litman Gregory Wealth Management LLC significantly increased its stake in O'Reilly Automotive by 1,662.4%, owning over 50,000 shares valued at approximately $4.5 million as of the latest SEC filing.
• Equities research analysts are optimistic about O'Reilly Automotive, with many raising their target prices and maintaining a consensus rating of "Buy" and an average target price of $107.17.
• The specialty retailer reported earnings of $0.78 per share, matching expectations, and showed a 5.9% increase in revenue compared to the same quarter last year.

Litman Gregory Wealth Management LLC grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,662.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,104 shares of the specialty retailer's stock after acquiring an additional 47,261 shares during the quarter. Litman Gregory Wealth Management LLC's holdings in O'Reilly Automotive were worth $4,516,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. HWG Holdings LP acquired a new position in O'Reilly Automotive in the 1st quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive during the 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its holdings in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. Elequin Capital LP acquired a new position in O'Reilly Automotive in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new position in O'Reilly Automotive in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORLY shares. Truist Financial lifted their target price on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Saturday, September 27th. UBS Group upped their price target 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. Finally, Wells Fargo & Company raised their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $104.79 on Monday. O'Reilly Automotive, Inc. has a 1 year low of $76.10 and a 1 year high of $108.71. The stock has a market cap of $88.91 billion, a P/E ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60. The stock has a 50-day simple moving average of $103.61 and a 200-day simple moving average of $95.77.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The firm 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 revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O'Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated 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 directly owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. 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 90 days. 1.01% of the stock is owned by corporate insiders.

O'Reilly Automotive 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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