111 Capital Takes $3.42 Million Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• 111 Capital has acquired a new position in O'Reilly Automotive, Inc. valued at approximately $3.42 million during the second quarter of 2023, buying 37,903 shares, as reported in their 13F filing.
• O'Reilly Automotive reported a 5.9% year-over-year revenue increase of $4.53 billion for the last quarter, with earnings per share hitting the consensus estimate at $0.78.
• Multiple analysts have raised their price targets for O'Reilly Automotive, with some setting targets as high as $121.00, indicating strong market confidence in the stock.

111 Capital acquired a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,903 shares of the specialty retailer's stock, valued at approximately $3,416,000.

Several other hedge funds have also modified their holdings of ORLY. Bank of Jackson Hole Trust purchased a new stake in shares of O'Reilly Automotive during the first quarter valued at $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter valued at $26,000. Oakworth Capital Inc. raised its position in O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC raised its position in O'Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after buying an additional 280 shares during the period. Finally, ORG Partners LLC raised its position in O'Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after buying an additional 277 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

O'Reilly Automotive Stock Performance

NASDAQ ORLY opened at $104.79 on Friday. O'Reilly Automotive, Inc. has a 52 week low of $76.10 and a 52 week high of $108.71. The stock has a market capitalization of $88.91 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The stock has a fifty day moving average of $103.61 and a 200-day moving average of $95.68.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent analyst reports. Wolfe Research initiated coverage on O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. JPMorgan Chase & Co. upped their price target on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Truist Financial upped their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group upped their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $107.17.

Insider Transactions at O'Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last three months. Company insiders own 1.01% of the company's stock.

About O'Reilly Automotive

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.

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