Checchi Capital Advisers LLC Purchases 9,926 Shares of O’Reilly Automotive, Inc. $ORLY

Checchi Capital Advisers LLC raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,405.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,632 shares of the specialty retailer’s stock after acquiring an additional 9,926 shares during the quarter. Checchi Capital Advisers LLC’s holdings in O’Reilly Automotive were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ORLY. Bank of Jackson Hole Trust bought a new position in O’Reilly Automotive during the first quarter valued at $25,000. HWG Holdings LP bought a new position in O’Reilly Automotive during the first quarter valued at $26,000. Oakworth Capital Inc. grew its holdings in O’Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 264 shares during the period. HighMark Wealth Management LLC grew its holdings in O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the period. Finally, ORG Partners LLC grew its holdings in 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 purchasing an additional 277 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive 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 transaction, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last ninety days. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DA Davidson increased their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 25th. Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. UBS Group increased their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, Citigroup increased their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $107.17.

O’Reilly Automotive Stock Down 0.2%

NASDAQ ORLY opened at $104.79 on Monday. The stock’s 50-day simple moving average is $103.61 and its two-hundred day simple moving average is $95.77. O’Reilly Automotive, Inc. has a twelve month low of $76.10 and a twelve month high of $108.71. The company has a market capitalization of $88.91 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60.

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, meeting 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the business posted $10.55 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.