O’Reilly Automotive, Inc. $ORLY Position Boosted by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,248.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,535 shares of the specialty retailer’s stock after purchasing an additional 2,347 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in O’Reilly Automotive were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive in the 1st quarter valued at about $25,000. HighMark Wealth Management LLC raised its position in O’Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP bought a new stake in shares of O’Reilly Automotive in the 1st quarter worth approximately $30,000. Saudi Central Bank bought a new position in shares of O’Reilly Automotive in the first quarter valued at $33,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth $42,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent analyst reports. Guggenheim upped their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 25th. TD Cowen increased their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of O’Reilly Automotive in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Finally, Wolfe Research assumed coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $111.12.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 Stock Performance

NASDAQ:ORLY opened at $98.27 on Friday. The company has a market cap of $83.38 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.67 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The stock’s 50-day simple moving average is $103.66 and its 200 day simple moving average is $96.55.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 190.20% and a net margin of 14.23%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.