Financial Perspectives Inc Boosts Position in O’Reilly Automotive, Inc. $ORLY

Financial Perspectives Inc raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the second quarter, Holdings Channel reports. The fund owned 1,500 shares of the specialty retailer’s stock after acquiring an additional 1,400 shares during the period. Financial Perspectives Inc’s holdings in O’Reilly Automotive were worth $135,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ORLY. HWG Holdings LP purchased a new position in shares of O’Reilly Automotive in the first quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in O’Reilly Automotive in the first quarter worth approximately $25,000. HighMark Wealth Management LLC raised its position in O’Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 13 shares during the period. Elequin Capital LP purchased a new position in shares of O’Reilly Automotive during the 1st quarter worth $30,000. Finally, Saudi Central Bank bought a new stake in shares of O’Reilly Automotive during the 1st quarter valued at $33,000. 85.00% of the stock is currently owned by institutional investors.

O’Reilly Automotive Trading Up 0.4%

NASDAQ:ORLY opened at $101.60 on Monday. The stock has a 50-day moving average price of $103.82 and a 200 day moving average price of $96.36. The stock has a market capitalization of $86.21 billion, a P/E ratio of 36.32, a P/E/G ratio of 2.68 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was 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 owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORLY. Guggenheim raised their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company set a $115.00 price objective on O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday. Evercore ISI lifted their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. DA Davidson increased their target price 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. Finally, 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 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.12.

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.