Advisory Services Network LLC Has $4.67 Million Stake in O’Reilly Automotive, Inc. $ORLY

Advisory Services Network LLC raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,810.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,503 shares of the specialty retailer’s stock after purchasing an additional 45,017 shares during the period. Advisory Services Network LLC’s holdings in O’Reilly Automotive were worth $4,671,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ORLY. Brant Point Investment Management LLC grew its stake in shares of O’Reilly Automotive by 1,244.7% during the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock worth $13,476,000 after acquiring an additional 138,401 shares during the period. Oxbow Advisors LLC lifted its holdings in O’Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after purchasing an additional 58,828 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in O’Reilly Automotive by 1,898.1% during the second quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 2,961 shares during the period. Providence First Trust Co increased its stake in shares of O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in shares of O’Reilly Automotive by 7,192.8% in the second quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock valued at $40,989,000 after purchasing an additional 448,545 shares during the period. 85.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORLY. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a research note on Friday, October 24th. Morgan Stanley raised their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.05.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,980 shares of company stock worth $882,335 in the last 90 days. 1.01% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 1.1%

NASDAQ:ORLY opened at $95.14 on Tuesday. The company has a fifty day simple moving average of $98.46 and a two-hundred day simple moving average of $98.24. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The company has a market cap of $80.31 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.61.

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