O'Reilly Automotive, Inc. $ORLY Shares Purchased by Aries Wealth Management

Key Points

• Aries Wealth Management increased its stake in O'Reilly Automotive by an impressive 1,400%, now holding 4,965 shares valued at approximately $447,000.
• The company reported $4.53 billion in revenue for the latest quarter, a 5.9% increase year-over-year, but met consensus EPS estimates of $0.78.
• Several analysts have raised their price targets for O'Reilly Automotive, with UBS Group setting a new target of $115.00, indicating a strong buy sentiment.

Aries Wealth Management boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,965 shares of the specialty retailer's stock after buying an additional 4,634 shares during the period. Aries Wealth Management's holdings in O'Reilly Automotive were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of O'Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC raised its holdings in shares of O'Reilly Automotive by 2.6% in the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after purchasing an additional 8 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of O'Reilly Automotive by 1.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock worth $953,000 after purchasing an additional 8 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in shares of O'Reilly Automotive by 3.2% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock worth $417,000 after purchasing an additional 9 shares during the period. Finally, Journey Strategic Wealth LLC raised its holdings in shares of O'Reilly Automotive by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer's stock worth $317,000 after purchasing an additional 9 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $103.05 on Wednesday. The company has a market cap of $87.44 billion, a P/E ratio of 36.84, a PEG ratio of 2.72 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The business's 50-day simple moving average is $103.95 and its 200 day simple moving average is $96.22.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $4.54 billion. During the same period last year, the business posted $10.55 EPS. The company's 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. Analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred on 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 in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 over the last 90 days. 1.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their price objective on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group raised their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Finally, DA Davidson raised their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Moderate Buy" and an average 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.

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