Praxis Investment Management Inc. Purchases 25,340 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Praxis Investment Management Inc. significantly increased its stake in O'Reilly Automotive, acquiring an additional 25,340 shares, raising its total holdings to 27,150 shares valued at approximately $2.4 million.
• Several brokerages have recently upgraded their ratings on O'Reilly Automotive, with price targets ranging from $109.00 to $121.00, indicating a generally positive outlook for the company's stock.
• Insider activity saw significant sales, including SVP Carl David Wilbanks selling 88,485 shares, representing a 89.57% decrease in their ownership of O'Reilly stock.

Praxis Investment Management Inc. raised its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,150 shares of the specialty retailer's stock after acquiring an additional 25,340 shares during the period. Praxis Investment Management Inc.'s holdings in O'Reilly Automotive were worth $2,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. HWG Holdings LP bought a new position in O'Reilly Automotive during the first quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive during the first quarter valued at $25,000. 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 valued at $29,000 after acquiring an additional 13 shares during the last quarter. Elequin Capital LP bought a new position in O'Reilly Automotive during the first quarter valued at $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O'Reilly Automotive during the first quarter valued at $33,000. Institutional investors own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ORLY. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Truist Financial lifted their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective for the company. Guggenheim lifted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.12.

Insider Activity

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, 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 ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Price Performance

NASDAQ:ORLY opened at $101.17 on Friday. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The company has a 50-day moving average of $103.86 and a 200 day moving average of $96.30. The firm has a market cap of $85.84 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60.

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