These updates in the auto industry signify prominent investment advisory firms, individuals, and asset management entities showing significant interest in
O'Reilly Automotive Inc. (NASDAQ: ORLY), with changes in shareholding. Major investment advisory firms like
Procyon Advisors LLC,
Floyd Financial Group LLC, and
SignalPoint Asset Management LLC have increased their stake in O'Reilly, showing investor confidence. Analysts have also projected a positive outlook on the firm's stock with a
TD Cowen price target of $1,400, terming it as the top auto aftermarket idea. However, the company experienced some underperformance in comparison to competitors on a given Friday, in spite of daily gains. O'Reilly has experienced an expansion with now 6,291 stores throughout North America. Despite heavy institutional ownership at
86%, there is certain ambiguity about future performance as the firm reported lower Q3 earnings and revenue estimates than anticipated. The possibility of a future stock split is speculated amidst evaluation of the company's fair value. Hearkening back to previous performance, the company experienced a rise of 0.4% since the last earnings report. A couple of red flags may be in the signalizing insider sale of stock worth US$98m and the company's lower outlook on demand for some auto parts.
O'reilly Automotive ORLY News Analytics from Sat, 02 Mar 2024 08:00:00 GMT to Sat, 18 Jan 2025 18:53:28 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
