Citigroup Inc. significantly reduced its stake in O’Reilly Automotive (NASDAQ:ORLY) by 6.8% in the third quarter, selling over 110,000 shares. Despite this, institutional investors still own about 85% of the company, and Wall Street maintains a “Moderate Buy” consensus rating with a target price of $110.26. The company recently reported Q4 EPS of $0.71, missing estimates slightly, but revenue beat expectations at $4.41 billion, though Zacks has issued downward revisions for future earnings forecasts.
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O'Reilly Automotive, Inc. $ORLY Holdings Decreased by Citigroup Inc.
Citigroup Inc. significantly reduced its stake in O’Reilly Automotive (NASDAQ:ORLY) by 6.8% in the third quarter, selling over 110,000 shares. Despite this, institutional investors still own about 85% of the company, and Wall Street maintains a “Moderate Buy” consensus rating with a target price of $110.26. The company recently reported Q4 EPS of $0.71, missing estimates slightly, but revenue beat expectations at $4.41 billion, though Zacks has issued downward revisions for future earnings forecasts.