Scotia Capital Inc. Buys 26,422 Shares of O’Reilly Automotive, Inc. $ORLY

Scotia Capital Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2,819.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,359 shares of the specialty retailer’s stock after purchasing an additional 26,422 shares during the period. Scotia Capital Inc.’s holdings in O’Reilly Automotive were worth $2,466,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ORLY. Oxbow Advisors LLC grew its stake in shares of O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock valued at $5,977,000 after buying an additional 58,828 shares in the last quarter. Providence First Trust Co raised its position in O’Reilly Automotive by 1,433.6% during the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after acquiring an additional 6,408 shares in the last quarter. Maryland State Retirement & Pension System raised its position in O’Reilly Automotive by 1,431.9% during the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock worth $3,733,000 after acquiring an additional 38,718 shares in the last quarter. Vanguard Group Inc. lifted its stake in O’Reilly Automotive by 1.5% in the first 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. Finally, Prime Capital Investment Advisors LLC grew its position in shares of O’Reilly Automotive by 1,063.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after acquiring an additional 98,616 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 0.7%

Shares of NASDAQ:ORLY opened at $100.84 on Monday. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71. The business has a 50 day moving average of $100.23 and a 200-day moving average of $97.80. The stock has a market cap of $85.12 billion, a PE ratio of 34.93, a P/E/G ratio of 2.48 and a beta of 0.57.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Argus began coverage on shares of O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective on the stock. Barclays set a $91.00 price target on O’Reilly Automotive and gave the stock an “equal weight” rating in a report on Monday, October 27th. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Raymond James Financial upgraded O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, November 5th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

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.