O’Reilly Automotive, Inc. $ORLY Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2,266.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 759,465 shares of the specialty retailer’s stock after acquiring an additional 727,373 shares during the quarter. First Trust Advisors LP’s holdings in O’Reilly Automotive were worth $68,451,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORLY. Oakworth Capital Inc. lifted its position in shares of O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. HighMark Wealth Management LLC raised its stake in O’Reilly Automotive by 1,400.0% in the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 280 shares in the last quarter. Canton Hathaway LLC raised its stake in O’Reilly Automotive by 1,400.0% in the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 280 shares in the last quarter. ORG Partners LLC lifted its holdings in O’Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after buying an additional 277 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its position in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 294 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research analyst reports. Barclays set a $91.00 target price on O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. TD Cowen raised their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Evercore ISI boosted their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Finally, Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.05.

O’Reilly Automotive Trading Down 0.6%

ORLY stock opened at $98.89 on Monday. The company has a market capitalization of $83.47 billion, a P/E ratio of 34.26, a PEG ratio of 2.33 and a beta of 0.61. The business has a 50 day simple moving average of $99.76 and a 200-day simple moving average of $98.07. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last released 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 the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Research analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity

In related news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the transaction, the senior vice president owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. This represents a 27.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,980 shares of company stock valued at $882,335. 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.