Shell Asset Management Co. and The Manufacturers Life Insurance Company sold their shares in O'Reilly Automotive, Inc. (NASDAQ:ORLY) ; however, Focus Financial Network Inc. ADV, Pinebridge Investments L.P., Rafferty Asset Management LLC, and Orion Portfolio Solutions LLC have increased their stock positions. An O'Reilly Automotive director sold over $2.8m in company stock according to Investing.com, and their stock often underperforms compared to competitors with exceptions on certain trading days. Marking a 7.4% drop from their last earnings report, O'Reilly Automotive experienced a rise on Wednesday trading but still underperforms the market. The company is due to acquire Groupe Del Vasto, intending to enter the Canadian market. Profit has been up every quarter, providing a worthy investment. The company recorded Q1 2024 earnings with EPS missing expectations; it warned of a disappointing FY24 profit guidance. Nonetheless, Institutional owners might ignore the recent US$3.3b market cap decline due to longer-term profits staying in the green.
O'reilly Automotive ORLY News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 19:04:10 GMT -
Rating 4
- Innovation -3
- Information 8
- Rumor -5
