O'Reilly Automotive, Inc. $ORLY Stake Increased by 1832 Asset Management L.P.

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. boosted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 630.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,169 shares of the specialty retailer's stock after acquiring an additional 76,969 shares during the period. 1832 Asset Management L.P. owned 0.16% of O'Reilly Automotive worth $127,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after acquiring an additional 75,125 shares during the last quarter. Wellington Management Group LLP increased its holdings in O'Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after purchasing an additional 330,964 shares during the last quarter. GAMMA Investing LLC grew its stake in O'Reilly Automotive by 175,115.6% during the 1st quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock worth $2,610,507,000 after buying an additional 1,821,202 shares during the last quarter. Northern Trust Corp increased its position in O'Reilly Automotive by 0.8% in the 1st quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock worth $941,403,000 after purchasing an additional 5,172 shares during the last quarter. Finally, Nuveen LLC acquired a new position in O'Reilly Automotive in the 1st quarter worth about $897,549,000. 85.00% of the stock is currently owned by institutional investors.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $90.70, for a total value of $2,720,900.00. Following the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. The trade was a 99.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the sale, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,920 shares of company stock valued at $15,487,502 over the last ninety days. 1.01% of the stock is owned by insiders.

O'Reilly Automotive Stock Performance

Shares of ORLY stock traded up $0.32 during trading hours on Wednesday, hitting $103.50. 1,002,900 shares of the company were exchanged, compared to its average volume of 5,562,867. The company has a 50 day simple moving average of $96.07 and a two-hundred day simple moving average of $92.52. O'Reilly Automotive, Inc. has a fifty-two week low of $73.11 and a fifty-two week high of $104.86. The firm has a market cap of $87.82 billion, a P/E ratio of 37.00, a P/E/G ratio of 2.71 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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 expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several recent analyst reports. Barclays restated an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Guggenheim lifted their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Citigroup upped their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Truist Financial upped their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI raised their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive presently has an average rating of "Buy" and a consensus target price of $104.40.

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.