O’Reilly Automotive, Inc. $ORLY Shares Purchased by Granite Group Advisors LLC

Granite Group Advisors LLC boosted its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,424.6% in the 2nd quarter, Holdings Channel reports. The firm owned 2,790 shares of the specialty retailer’s stock after purchasing an additional 2,607 shares during the period. Granite Group Advisors LLC’s holdings in O’Reilly Automotive were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of O’Reilly Automotive during the 1st quarter worth $25,000. HWG Holdings LP purchased a new position in O’Reilly Automotive during the first quarter worth $26,000. Oakworth Capital Inc. raised its holdings in shares of O’Reilly Automotive by 1,257.1% in the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 264 shares during the last quarter. HighMark Wealth Management LLC lifted its position in shares of 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 acquiring an additional 280 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Guggenheim upped their target price on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. BMO Capital Markets increased their target price on O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given 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 price target of $107.17.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $103.05 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The company has a market capitalization of $87.44 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.72 and a beta of 0.60. The business has a 50-day moving average of $103.95 and a 200-day moving average of $96.22.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share 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 quarter in the prior year, the business earned $10.55 EPS. O’Reilly Automotive’s quarterly revenue 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. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.