O'Reilly Automotive, Inc. $ORLY Stock Position Lifted by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC increased its stake in O'Reilly Automotive by 760.1% during the second quarter, acquiring an additional 32,618 shares, making their total holdings worth approximately $3.33 million.
• Several research firms have raised their price targets for O'Reilly Automotive, with TD Cowen increasing theirs from $112 to $125, reflecting growing confidence in the company's performance.
• Insider activity showed that Director Maria Sastre sold 595 shares, and insiders sold a total of 125,635 shares worth around $12.74 million in the last quarter, indicating potential shifts in management sentiment.

Procyon Advisors LLC grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 760.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,909 shares of the specialty retailer's stock after acquiring an additional 32,618 shares during the quarter. Procyon Advisors LLC's holdings in O'Reilly Automotive were worth $3,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $25,000. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $26,000. HighMark Wealth Management LLC lifted its position in shares of 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 in the last quarter. Elequin Capital LP purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $30,000. Finally, Saudi Central Bank purchased a new stake in shares of O'Reilly Automotive in the first quarter valued at $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Carl David Wilbanks sold 88,485 shares of the 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 completion of the sale, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the stock in a transaction dated 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 owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% 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 in the last ninety days. 1.01% of the stock is owned by corporate insiders.

O'Reilly Automotive Trading Up 0.2%

NASDAQ:ORLY traded up $0.24 on Friday, hitting $103.93. 10,047,562 shares of the stock were exchanged, compared to its average volume of 4,166,746. The stock has a market cap of $88.18 billion, a PE ratio of 37.15, a PEG ratio of 2.74 and a beta of 0.60. The stock has a fifty day moving average of $101.37 and a 200-day moving average of $94.53. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.42.

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 (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm earned $10.55 earnings per share. The company'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. As a group, analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the topic of several recent research reports. Argus assumed coverage on O'Reilly Automotive in a research report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Wells Fargo & Company increased their target price 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. Guggenheim increased their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets increased their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, DA Davidson increased their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $107.17.

About O'Reilly Automotive

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.