8,280 Shares in O’Reilly Automotive, Inc. $ORLY Acquired by Index Fund Advisors Inc.

Index Fund Advisors Inc. bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) during the second quarter, Holdings Channel.com reports. The fund bought 8,280 shares of the specialty retailer’s stock, valued at approximately $746,000.

A number of other institutional investors have also made changes to their positions in ORLY. Adero Partners LLC grew its position in shares of O’Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after purchasing an additional 8 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of O’Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock valued at $342,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of O’Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 8 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 8 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in shares of O’Reilly Automotive by 3.2% in the first quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer’s stock valued at $417,000 after purchasing an additional 9 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at O’Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock valued at $12,740,916 over the last quarter. 1.01% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 2.4%

Shares of NASDAQ ORLY opened at $102.15 on Monday. The stock’s 50-day simple moving average is $103.90 and its two-hundred day simple moving average is $96.11. O’Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71. The firm has a market capitalization of $86.67 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.70 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $4.54 billion. During the same period in the prior year, the business earned $10.55 EPS. The company’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. As a group, research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORLY. Citigroup lifted their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Guggenheim lifted 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. Wolfe Research started coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 target price on the stock. JPMorgan Chase & Co. upped their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Barclays restated an “equal weight” rating and issued a $86.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $107.17.

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.