O’Reilly Automotive, Inc. $ORLY Shares Acquired by Optimize Financial Inc

Optimize Financial Inc lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,389.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,879 shares of the specialty retailer’s stock after acquiring an additional 7,350 shares during the period. Optimize Financial Inc’s holdings in O’Reilly Automotive were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Scotia Capital Inc. raised its holdings in shares of O’Reilly Automotive by 72.9% in the first quarter. Scotia Capital Inc. now owns 937 shares of the specialty retailer’s stock valued at $1,342,000 after buying an additional 395 shares during the last quarter. Vanguard Group Inc. raised its stake in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after acquiring an additional 75,125 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in O’Reilly Automotive by 1.4% during the 1st quarter. Exencial Wealth Advisors LLC now owns 673 shares of the specialty retailer’s stock valued at $964,000 after acquiring an additional 9 shares during the last quarter. Hemington Wealth Management lifted its position in O’Reilly Automotive by 4.5% during the 1st quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 9 shares during the period. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of O’Reilly Automotive in the 1st quarter valued at approximately $30,278,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction dated 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 owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,980 shares of company stock worth $882,335. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORLY. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Friday, October 24th. Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a report on Friday, October 24th. Wolfe Research began coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of O’Reilly Automotive in a report on Friday, October 31st. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.05.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $98.61 on Thursday. The stock has a fifty day moving average price of $100.01 and a 200 day moving average price of $97.93. The stock has a market cap of $83.24 billion, a PE ratio of 34.16, a P/E/G ratio of 2.39 and a beta of 0.62. 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 announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the business posted $11.41 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities research analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

About O’Reilly Automotive

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.