1832 Asset Management L.P. Increases Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• 1832 Asset Management L.P. significantly increased its stake in O'Reilly Automotive by 630.9% during the first quarter, owning 89,169 shares valued at approximately $127.7 million.
• Multiple analysts have raised their price targets for O'Reilly Automotive, with UBS Group setting a new target of $115 and maintaining a "buy" rating.
• O'Reilly Automotive reported revenues of $4.53 billion for the last quarter, slightly below analyst estimates, while meeting their earnings per share forecast of $0.78.

1832 Asset Management L.P. increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 630.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,169 shares of the specialty retailer's stock after buying an additional 76,969 shares during the period. 1832 Asset Management L.P. owned about 0.16% of O'Reilly Automotive worth $127,742,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORLY. Bank Pictet & Cie Europe AG increased its stake in O'Reilly Automotive by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock worth $41,848,000 after buying an additional 1,208 shares during the period. XTX Topco Ltd purchased a new stake in O'Reilly Automotive during the 4th quarter worth approximately $243,000. Dimensional Fund Advisors LP increased its position in shares of O'Reilly Automotive by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 154,539 shares of the specialty retailer's stock valued at $183,246,000 after purchasing an additional 2,884 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of O'Reilly Automotive by 19.9% in the 4th quarter. Dark Forest Capital Management LP now owns 350 shares of the specialty retailer's stock valued at $415,000 after purchasing an additional 58 shares during the last quarter. Finally, MGO One Seven LLC increased its position in shares of O'Reilly Automotive by 68.2% in the 4th quarter. MGO One Seven LLC now owns 858 shares of the specialty retailer's stock valued at $1,017,000 after purchasing an additional 348 shares during the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORLY shares. UBS Group increased their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Truist Financial increased their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. BMO Capital Markets increased their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup increased their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $104.40.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $102.87 on Friday. The firm's fifty day moving average price is $95.25 and its 200 day moving average price is $92.20. The company has a market capitalization of $87.29 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. O'Reilly Automotive, Inc. has a 12 month low of $73.11 and a 12 month high of $104.86.

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

Insider Activity

In related news, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.6967, for a total transaction of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares in the company, valued at $21,767.20. This represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,920 shares of company stock worth $15,487,502 over the last 90 days. 1.01% of the stock is owned by corporate insiders.

O'Reilly Automotive Company Profile

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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