Wedbush Securities Inc. Increases Stake in O’Reilly Automotive, Inc. $ORLY

Wedbush Securities Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3,528.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,118 shares of the specialty retailer’s stock after acquiring an additional 11,784 shares during the quarter. Wedbush Securities Inc.’s holdings in O’Reilly Automotive were worth $1,092,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in O’Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock valued at $1,590,894,000 after acquiring an additional 16,406,181 shares in the last quarter. Jennison Associates LLC grew its position in shares of O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after buying an additional 13,382,074 shares during the last quarter. Bessemer Group Inc. boosted its stake in O’Reilly Automotive by 1,558.2% in the second quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock valued at $392,630,000 after acquiring an additional 4,093,545 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in O’Reilly Automotive by 1,388.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock worth $347,325,000 after purchasing an additional 3,594,612 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in O’Reilly Automotive by 1,269.2% in the second quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after purchasing an additional 3,285,249 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ORLY. Citigroup raised their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Argus started coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price target on the stock. BMO Capital Markets raised their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Guggenheim lifted their price objective on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Wolfe Research started coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 target price for the company. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $111.89.

O’Reilly Automotive Stock Performance

ORLY stock opened at $97.09 on Monday. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71. The company’s 50 day moving average price is $101.93 and its 200 day moving average price is $96.94. The firm has a market capitalization of $82.38 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the business earned $11.41 EPS. O’Reilly Automotive’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. Equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Maria Sastre sold 595 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 92,205 shares of company stock worth $9,423,501. Corporate insiders own 1.01% of the company’s stock.

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.