IMA Advisory Services Inc. Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

IMA Advisory Services Inc. grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,403.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,015 shares of the specialty retailer’s stock after purchasing an additional 5,615 shares during the period. IMA Advisory Services Inc.’s holdings in O’Reilly Automotive were worth $542,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in O’Reilly Automotive during the first quarter worth $25,000. Oakworth Capital Inc. raised its position in 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 in the last quarter. HighMark Wealth Management LLC lifted its holdings 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 acquiring an additional 280 shares during the period. Canton Hathaway LLC lifted its holdings 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 acquiring an additional 280 shares during the period. Finally, ORG Partners LLC boosted its position in shares of 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 purchasing an additional 277 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORLY shares. Guggenheim increased their price target 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. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley lifted their price target on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Barclays set a $91.00 price target on O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.89.

Insiders Place Their Bets

In related news, Director John Raymond Murphy sold 3,125 shares of the business’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 completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Up 1.1%

Shares of ORLY opened at $99.22 on Wednesday. The company has a 50-day moving average of $101.74 and a two-hundred day moving average of $97.06. The stock has a market cap of $84.19 billion, a P/E ratio of 34.37, a PEG ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued 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 negative return on equity of 206.86% and a net margin of 14.23%.The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the firm posted $11.41 EPS. The company’s quarterly 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. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.