O'Reilly Automotive, Inc. $ORLY Shares Purchased by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC significantly increased its stake in O'Reilly Automotive by 1,408.5%, acquiring an additional 2,493 shares during the second quarter, bringing its total holdings to 2,670 shares valued at approximately $241,000.
• Several large investors, including Congress Asset Management Co. and Farther Finance Advisors LLC, also made substantial increases to their positions in O'Reilly Automotive, with Congress raising its stake by 1,385.2%.
• O'Reilly Automotive reported earnings of $0.78 per share for the last quarter, matching analysts' expectations, and the company's revenue increased by 5.9% year-over-year despite a slight miss against consensus estimates.

Sound Income Strategies LLC lifted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,408.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,670 shares of the specialty retailer's stock after purchasing an additional 2,493 shares during the quarter. Sound Income Strategies LLC's holdings in O'Reilly Automotive were worth $241,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ORLY. Congress Asset Management Co. raised its stake in shares of O'Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after purchasing an additional 1,474,068 shares during the period. Farther Finance Advisors LLC increased its position in shares of O'Reilly Automotive by 1,403.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer's stock worth $69,031,000 after purchasing an additional 714,953 shares during the last quarter. Nuveen LLC acquired a new stake in O'Reilly Automotive during the first quarter valued at approximately $897,549,000. Argent Capital Management LLC raised its position in shares of O'Reilly Automotive by 1,379.2% during the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer's stock valued at $54,721,000 after acquiring an additional 566,087 shares in the last quarter. Finally, Woodstock Corp raised its holdings in shares of O'Reilly Automotive by 1,376.6% during the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after purchasing an additional 545,839 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Trading Up 1.4%

O'Reilly Automotive stock opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a 1-year low of $75.93 and a 1-year high of $108.42. The firm's fifty day simple moving average is $102.87 and its 200-day simple moving average is $95.31. The company has a market capitalization of $91.26 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.80 and a beta of 0.60.

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, hitting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.55 EPS. 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORLY shares. UBS Group raised their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. BMO Capital Markets increased their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays reiterated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. Guggenheim boosted their price target on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Two investment 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $107.17.

Insider Activity

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