O’Reilly Automotive, Inc. $ORLY Shares Purchased by Wealth Management Associates Inc.

Wealth Management Associates Inc. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,679.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,110 shares of the specialty retailer’s stock after purchasing an additional 3,879 shares during the period. Wealth Management Associates Inc.’s holdings in O’Reilly Automotive were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. L.M. Kohn & Company increased its position in O’Reilly Automotive by 1,379.7% during the second quarter. L.M. Kohn & Company now owns 9,840 shares of the specialty retailer’s stock worth $887,000 after purchasing an additional 9,175 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in O’Reilly Automotive by 1,400.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 4,365 shares of the specialty retailer’s stock worth $393,000 after purchasing an additional 4,074 shares during the last quarter. Oarsman Capital Inc. increased its position in O’Reilly Automotive by 1,950.5% during the second quarter. Oarsman Capital Inc. now owns 24,893 shares of the specialty retailer’s stock worth $2,244,000 after purchasing an additional 23,679 shares during the last quarter. Jennison Associates LLC increased its position in O’Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares during the last quarter. Finally, Biltmore Family Office LLC increased its position in O’Reilly Automotive by 1,400.0% during the second quarter. Biltmore Family Office LLC now owns 2,340 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 2,184 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction on 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,080 shares of company stock worth $9,341,746 in the last ninety days. 1.01% of the stock is owned by insiders.

O’Reilly Automotive Trading Up 0.5%

Shares of ORLY stock opened at $96.30 on Wednesday. The company has a market capitalization of $81.71 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.60. The firm has a fifty day simple moving average of $103.33 and a 200-day simple moving average of $96.80. O’Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the firm posted $11.41 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ORLY shares. UBS Group reaffirmed a “buy” rating and set a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. DA Davidson upped their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research note on Friday. Finally, Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a research note on Monday, October 20th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.28.

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.