Ashton Thomas Private Wealth LLC Purchases 6,045 Shares of O’Reilly Automotive, Inc. $ORLY

Ashton Thomas Private Wealth LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3,754.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,206 shares of the specialty retailer’s stock after purchasing an additional 6,045 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in O’Reilly Automotive were worth $559,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in shares of O’Reilly Automotive by 1,388.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after buying an additional 3,594,612 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of O’Reilly Automotive by 1,269.2% in the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after acquiring an additional 3,285,249 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in O’Reilly Automotive by 1,401.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,194,636 shares of the specialty retailer’s stock valued at $197,803,000 after acquiring an additional 2,048,453 shares in the last quarter. TD Asset Management Inc boosted its stake in O’Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock valued at $194,567,000 after purchasing an additional 1,994,449 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in O’Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after purchasing an additional 1,573,010 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORLY. DA Davidson raised their target price on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the company an “equal weight” rating in a research note on Monday. BMO Capital Markets upped their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Citigroup raised their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Moderate Buy” and an average target price of $112.28.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $95.15 on Friday. The company has a market capitalization of $80.73 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.60. The company’s 50-day moving average is $102.99 and its 200 day moving average is $96.80. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71.

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

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 91,080 shares of company stock valued at $9,341,746. Company insiders own 1.01% of the company’s stock.

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.