O’Reilly Automotive, Inc. $ORLY Shares Acquired by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,438.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,968 shares of the specialty retailer’s stock after acquiring an additional 9,320 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in O’Reilly Automotive were worth $898,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of O’Reilly Automotive by 1,404.9% in the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after buying an additional 73,596,571 shares in the last quarter. Geode Capital Management LLC grew its stake in O’Reilly Automotive by 1,443.1% in the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after acquiring an additional 22,144,563 shares during the period. Bank of New York Mellon Corp increased its holdings in O’Reilly Automotive by 1,317.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after acquiring an additional 16,406,181 shares in the last quarter. Jennison Associates LLC increased its holdings in 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 acquiring an additional 13,382,074 shares in the last quarter. Finally, Norges Bank acquired a new position in O’Reilly Automotive during the second quarter worth $974,515,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $100.84 on Friday. The stock’s 50 day simple moving average is $100.23 and its 200-day simple moving average is $97.67. The stock has a market cap of $85.12 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wolfe Research began coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 target price for the company. Evercore ISI raised their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 5th. Argus assumed coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Truist Financial set a $109.00 price target on O’Reilly Automotive in a research note on Friday, October 24th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.