O'Reilly Automotive, Inc. $ORLY Stake Boosted by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,890.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,649 shares of the specialty retailer's stock after purchasing an additional 29,109 shares during the quarter. IFP Advisors Inc's holdings in O'Reilly Automotive were worth $2,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA lifted its stake in O'Reilly Automotive by 1,400.0% in the second quarter. Baldwin Wealth Partners LLC MA now owns 6,255 shares of the specialty retailer's stock valued at $564,000 after buying an additional 5,838 shares during the last quarter. Callan Family Office LLC lifted its stake in O'Reilly Automotive by 7,608.2% in the second quarter. Callan Family Office LLC now owns 64,826 shares of the specialty retailer's stock valued at $5,843,000 after buying an additional 63,985 shares during the last quarter. Blair William & Co. IL lifted its stake in O'Reilly Automotive by 1,377.8% in the second quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer's stock valued at $97,305,000 after buying an additional 1,006,559 shares during the last quarter. Rice Partnership LLC bought a new stake in O'Reilly Automotive in the second quarter valued at $2,846,000. Finally, Mainstay Capital Management LLC ADV bought a new stake in O'Reilly Automotive in the second quarter valued at $2,452,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a research note on Wednesday. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Argus initiated coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus price target of $107.17.

Insider Transactions at O'Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction dated 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 $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last three months. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Up 2.4%

Shares of NASDAQ ORLY opened at $102.15 on Friday. The firm's 50-day simple moving average is $103.90 and its 200 day simple moving average is $96.07. The stock has a market cap of $86.67 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.64 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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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