Journey Strategic Wealth LLC Grows Holdings in O’Reilly Automotive, Inc. $ORLY

Journey Strategic Wealth LLC increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3,043.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,948 shares of the specialty retailer’s stock after purchasing an additional 6,727 shares during the period. Journey Strategic Wealth LLC’s holdings in O’Reilly Automotive were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORLY. Vanguard Group Inc. grew its holdings in shares of O’Reilly Automotive by 1,404.9% during the second quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after buying an additional 73,596,571 shares during the last quarter. Geode Capital Management LLC lifted its position in O’Reilly Automotive by 1,443.1% during the 2nd quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after acquiring an additional 22,144,563 shares during the period. Bank of New York Mellon Corp lifted its position in O’Reilly Automotive by 1,317.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after acquiring an additional 16,406,181 shares during the period. Jennison Associates LLC grew its stake in shares of O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of O’Reilly Automotive by 1,467.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,152,716 shares of the specialty retailer’s stock valued at $824,934,000 after purchasing an additional 8,568,904 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho set a $112.00 price target on O’Reilly Automotive in a report on Monday, October 20th. 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. Raymond James Financial raised 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 report on Wednesday, November 5th. TD Cowen increased their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Wells Fargo & Company set a $115.00 price objective on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.89.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 in the company, valued at $752,375. This represents a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.01% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 1.4%

NASDAQ:ORLY opened at $100.43 on Friday. The firm’s fifty day simple moving average is $100.62 and its 200-day simple moving average is $97.36. The stock has a market cap of $84.77 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating 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 firm 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 earned $11.41 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current 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.