Merit Financial Group LLC Boosts Stake in O’Reilly Automotive, Inc. $ORLY

Merit Financial Group LLC increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 28.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 33,499 shares of the specialty retailer’s stock after buying an additional 7,487 shares during the quarter. Merit Financial Group LLC’s holdings in O’Reilly Automotive were worth $3,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ORLY. Geneos Wealth Management Inc. grew its stake in O’Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after purchasing an additional 8 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in shares of O’Reilly Automotive by 5.1% during the first quarter. SageView Advisory Group LLC now owns 185 shares of the specialty retailer’s stock worth $265,000 after purchasing an additional 9 shares during the period. Jacobi Capital Management LLC boosted its position in O’Reilly Automotive by 9.9% in the first quarter. Jacobi Capital Management LLC now owns 223 shares of the specialty retailer’s stock valued at $319,000 after buying an additional 20 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in O’Reilly Automotive by 11.9% in the first quarter. Arete Wealth Advisors LLC now owns 198 shares of the specialty retailer’s stock valued at $284,000 after buying an additional 21 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in O’Reilly Automotive by 1.0% in the 1st quarter. Advisors Capital Management LLC now owns 2,898 shares of the specialty retailer’s stock worth $4,152,000 after buying an additional 30 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. This represents a 42.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,980 shares of company stock worth $882,335 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $90.34 on Friday. The firm has a 50-day simple moving average of $95.89 and a two-hundred day simple moving average of $98.24. O’Reilly Automotive, Inc. has a fifty-two week low of $78.89 and a fifty-two week high of $108.71. The company has a market cap of $76.26 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.63.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion during 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%.O’Reilly Automotive’s revenue for the quarter 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. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on ORLY shares. Morgan Stanley upped their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. TD Cowen upped their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. The Goldman Sachs Group set a $121.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 24th. Evercore ISI set a $110.00 price objective on O’Reilly Automotive and gave the company an “outperform” rating in a report on Tuesday, December 16th. Finally, Raymond James Financial upgraded 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 note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $112.05.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.