Bank of Nova Scotia Has $40.99 Million Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Bank of Nova Scotia grew its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 7,192.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,781 shares of the specialty retailer’s stock after buying an additional 448,545 shares during the quarter. Bank of Nova Scotia’s holdings in O’Reilly Automotive were worth $40,989,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in O’Reilly Automotive during the 1st quarter worth approximately $355,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of O’Reilly Automotive by 52.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer’s stock worth $16,105,000 after buying an additional 3,866 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of O’Reilly Automotive by 3.8% during the first quarter. Benjamin Edwards Inc. now owns 2,998 shares of the specialty retailer’s stock valued at $4,295,000 after buying an additional 110 shares in the last quarter. Cooper Financial Group raised its position in O’Reilly Automotive by 7.2% during the first quarter. Cooper Financial Group now owns 474 shares of the specialty retailer’s stock valued at $679,000 after buying an additional 32 shares during the period. Finally, SouthState Corp purchased a new stake in O’Reilly Automotive in the 1st quarter worth about $73,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Down 0.8%

Shares of NASDAQ ORLY opened at $98.11 on Tuesday. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The company has a market cap of $82.81 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.33 and a beta of 0.61. The business’s 50 day moving average is $99.57 and its two-hundred day moving average is $98.12.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (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 company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the previous year, the firm posted $11.41 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price on the stock. Morgan Stanley upped their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a research note on Friday, October 24th. The Goldman Sachs Group set a $121.00 price target on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus price target of $112.05.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Christopher Andrew Mancini sold 2,355 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the sale, the senior vice president owned 28 shares of the company’s stock, valued at $2,836.68. The trade was a 98.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at approximately $752,375. The trade was a 27.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by corporate insiders.

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.