Royal Bank of Canada Sells 129 Shares of O’Reilly Automotive, Inc. $ORLY

Royal Bank of Canada cut its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 0.0% in the first quarter, HoldingsChannel.com reports. The firm owned 300,660 shares of the specialty retailer’s stock after selling 129 shares during the quarter. Royal Bank of Canada’s holdings in O’Reilly Automotive were worth $430,719,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. HWG Holdings LP purchased a new stake in O’Reilly Automotive in the 1st quarter worth $26,000. Bank of Jackson Hole Trust bought a new position in shares of O’Reilly Automotive in the first quarter worth about $25,000. HighMark Wealth Management LLC grew its position in shares of O’Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Elequin Capital LP bought a new stake in O’Reilly Automotive during the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new position in O’Reilly Automotive in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 24th. BMO Capital Markets raised their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Guggenheim lifted their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Citigroup boosted their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Argus began coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $104.40.

Insider Buying and Selling

In other news, Director Maria Sastre sold 595 shares of the firm’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 completion of the sale, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carl David Wilbanks sold 88,485 shares of O’Reilly Automotive 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 owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $103.68 on Monday. The stock has a market capitalization of $87.97 billion, a PE ratio of 37.06, a P/E/G ratio of 2.74 and a beta of 0.60. The company’s fifty day moving average is $96.98 and its 200 day moving average is $92.87. O’Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. O’Reilly Automotive’s quarterly revenue was up 5.9% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share 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.