Salvus Wealth Management LLC Has $1.90 Million Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Salvus Wealth Management LLC increased its stake in O'Reilly Automotive by 1,374.8%, owning 21,060 shares valued at approximately $1.90 million.
• Institutional investors now hold 85% of O'Reilly Automotive stock, with notable increases from Wealth Enhancement Advisory Services LLC and Vanguard Group Inc.
• O'Reilly Automotive's quarterly earnings met expectations with an EPS of $0.78 and revenue of $4.53 billion, showing a year-over-year revenue growth of 5.9%.

Salvus Wealth Management LLC boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,374.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,060 shares of the specialty retailer's stock after acquiring an additional 19,632 shares during the period. O'Reilly Automotive comprises approximately 1.1% of Salvus Wealth Management LLC's portfolio, making the stock its 26th largest position. Salvus Wealth Management LLC's holdings in O'Reilly Automotive were worth $1,898,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. boosted its holdings in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Wellington Management Group LLP grew its position in O'Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares during the last quarter. GAMMA Investing LLC lifted its stake in O'Reilly Automotive by 175,115.6% in the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after acquiring an additional 1,821,202 shares in the last quarter. Farther Finance Advisors LLC grew its stake 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 valued at $69,031,000 after buying an additional 714,953 shares in the last quarter. Finally, Amundi raised its position in shares of O'Reilly Automotive by 4.7% in the first quarter. Amundi now owns 734,322 shares of the specialty retailer's stock valued at $1,058,345,000 after purchasing an additional 32,917 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the 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 transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research reports. Citigroup upped their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. DA Davidson upped their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays reiterated an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Truist Financial increased their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Performance

ORLY stock traded down $0.48 during mid-day trading on Monday, reaching $103.45. 4,969,688 shares of the stock traded hands, compared to its average volume of 4,494,938. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42. The stock has a market capitalization of $87.78 billion, a PE ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60. The business has a 50-day moving average price of $101.58 and a two-hundred day moving average price of $94.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly 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. 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 in the prior year, the firm posted $10.55 earnings per share. The business's quarterly 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. On average, equities analysts expect 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.