Simplicity Wealth LLC Purchases 6,330 Shares of O'Reilly Automotive, Inc. $ORLY

Simplicity Wealth LLC lifted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 2,637.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,570 shares of the specialty retailer's stock after buying an additional 6,330 shares during the quarter. Simplicity Wealth LLC's holdings in O'Reilly Automotive were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Brown Miller Wealth Management LLC boosted its position in O'Reilly Automotive by 1,400.0% during the second quarter. Brown Miller Wealth Management LLC now owns 3,195 shares of the specialty retailer's stock valued at $288,000 after purchasing an additional 2,982 shares in the last quarter. OLD National Bancorp IN boosted its position in O'Reilly Automotive by 1,073.9% during the second quarter. OLD National Bancorp IN now owns 2,700 shares of the specialty retailer's stock valued at $243,000 after purchasing an additional 2,470 shares in the last quarter. Clarius Group LLC boosted its position in O'Reilly Automotive by 1,294.3% during the second quarter. Clarius Group LLC now owns 7,878 shares of the specialty retailer's stock valued at $710,000 after purchasing an additional 7,313 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in O'Reilly Automotive by 1,405.9% during the second quarter. Checchi Capital Advisers LLC now owns 10,632 shares of the specialty retailer's stock valued at $958,000 after purchasing an additional 9,926 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its position in O'Reilly Automotive by 1,400.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 4,575 shares of the specialty retailer's stock valued at $412,000 after purchasing an additional 4,270 shares in the last quarter. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 1.4%

Shares of NASDAQ:ORLY opened at $101.85 on Wednesday. O'Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock has a market cap of $86.42 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 2.73 and a beta of 0.60. The business has a 50-day moving average price of $103.79 and a 200-day moving average price of $95.91.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly 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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the company posted $10.55 earnings per share. O'Reilly Automotive's revenue for the quarter 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. As a group, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays reissued an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Guggenheim raised their price target on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Truist Financial raised their price target on 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, eighteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $107.17.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company's stock.

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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