Ritholtz Wealth Management Increases Holdings in O’Reilly Automotive, Inc. $ORLY

Ritholtz Wealth Management lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,458.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,028 shares of the specialty retailer’s stock after purchasing an additional 39,331 shares during the period. Ritholtz Wealth Management’s holdings in O’Reilly Automotive were worth $3,788,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Private Wealth Asset Management LLC boosted its holdings in shares of O’Reilly Automotive by 1,335.2% in the second quarter. Private Wealth Asset Management LLC now owns 2,325 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 2,163 shares during the period. Harbour Investments Inc. boosted its holdings in shares of O’Reilly Automotive by 1,469.7% in the second quarter. Harbour Investments Inc. now owns 20,987 shares of the specialty retailer’s stock valued at $1,892,000 after purchasing an additional 19,650 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,450 shares of the specialty retailer’s stock valued at $581,000 after purchasing an additional 6,020 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of O’Reilly Automotive by 1,045.8% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 211,872 shares of the specialty retailer’s stock valued at $19,088,000 after purchasing an additional 193,381 shares during the period. Finally, Aries Wealth Management boosted its holdings in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Aries Wealth Management now owns 4,965 shares of the specialty retailer’s stock valued at $447,000 after purchasing an additional 4,634 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ORLY shares. JPMorgan Chase & Co. boosted their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Wolfe Research initiated coverage on O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target for the company. Citigroup upped their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Evercore ISI upped their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.12.

O’Reilly Automotive Stock Down 0.9%

O’Reilly Automotive stock opened at $102.12 on Thursday. O’Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71. The business has a fifty day moving average of $103.90 and a two-hundred day moving average of $96.26. The firm has a market cap of $86.65 billion, a P/E ratio of 36.51, a P/E/G ratio of 2.72 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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 negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the business posted $10.55 EPS. The business’s revenue for the quarter 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. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

O’Reilly Automotive Company 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.