Bank of Nova Scotia Purchases 77,208 Shares of O’Reilly Automotive, Inc. $ORLY

Bank of Nova Scotia lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 17.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 531,989 shares of the specialty retailer’s stock after buying an additional 77,208 shares during the quarter. Bank of Nova Scotia owned about 0.06% of O’Reilly Automotive worth $57,354,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after acquiring an additional 73,596,571 shares in the last quarter. State Street Corp raised its stake in O’Reilly Automotive by 1,424.2% in the 2nd quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock worth $3,351,014,000 after purchasing an additional 34,740,553 shares in the last quarter. Norges Bank acquired a new stake in O’Reilly Automotive in the 2nd quarter worth about $974,515,000. Invesco Ltd. boosted its holdings in O’Reilly Automotive by 1,459.7% in the 2nd quarter. Invesco Ltd. now owns 9,482,610 shares of the specialty retailer’s stock valued at $854,668,000 after purchasing an additional 8,874,644 shares during the period. Finally, Akre Capital Management LLC boosted its holdings in O’Reilly Automotive by 989.3% in the 2nd quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock valued at $848,188,000 after purchasing an additional 8,546,804 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORLY. UBS Group set a $114.00 target price on shares of O’Reilly Automotive in a report on Friday, February 6th. DA Davidson reiterated a “buy” rating and issued a $110.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, February 3rd. Roth Mkm reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, February 4th. Citigroup lowered their price objective on O’Reilly Automotive from $114.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. dropped their price objective on O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $110.26.

O’Reilly Automotive Stock Down 1.5%

ORLY stock opened at $91.54 on Monday. The company’s 50-day moving average price is $94.89 and its two-hundred day moving average price is $97.85. The firm has a market cap of $76.76 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.04 and a beta of 0.63. O’Reilly Automotive, Inc. has a 12 month low of $85.83 and a 12 month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, February 4th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.39 billion. O’Reilly Automotive had a negative return on equity of 239.04% and a net margin of 14.27%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $9.50 EPS. O’Reilly Automotive has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.