Soltis Investment Advisors LLC Acquires 59,798 Shares of O’Reilly Automotive, Inc. $ORLY

Soltis Investment Advisors LLC grew its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,522.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 63,726 shares of the specialty retailer’s stock after buying an additional 59,798 shares during the period. Soltis Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $5,744,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORLY. Penserra Capital Management LLC raised its position in O’Reilly Automotive by 110.3% in the 1st quarter. Penserra Capital Management LLC now owns 881 shares of the specialty retailer’s stock worth $1,260,000 after buying an additional 462 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in O’Reilly Automotive by 28.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 413 shares of the specialty retailer’s stock worth $592,000 after buying an additional 92 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in O’Reilly Automotive by 33.0% in the first quarter. Valeo Financial Advisors LLC now owns 1,287 shares of the specialty retailer’s stock worth $1,844,000 after purchasing an additional 319 shares during the period. Greenleaf Trust increased its stake in O’Reilly Automotive by 2.3% in the first quarter. Greenleaf Trust now owns 1,911 shares of the specialty retailer’s stock worth $2,738,000 after purchasing an additional 43 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in O’Reilly Automotive by 3.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 2,935 shares of the specialty retailer’s stock worth $4,205,000 after purchasing an additional 89 shares during the period. Institutional investors own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Stock Up 1.2%

Shares of O’Reilly Automotive stock opened at $94.94 on Thursday. The firm has a market cap of $80.56 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The business’s fifty day simple moving average is $102.25 and its 200-day simple moving average is $96.85.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. Citigroup raised their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Guggenheim lifted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 25th. TD Cowen lifted their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research report on Friday, October 31st. Finally, UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

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.