31,582 Shares in O'Reilly Automotive, Inc. $ORLY Bought by Rice Partnership LLC

Key Points

• Rice Partnership LLC purchased 31,582 shares of O'Reilly Automotive, Inc. valued at approximately $2.8 million, indicating strong interest from institutional investors in the specialty retailer.
• Insider trading activity revealed significant sales, with SVP Carl David Wilbanks selling 88,485 shares, reflecting an 89.57% decrease in his ownership of the stock.
• O'Reilly Automotive reported quarterly earnings of $0.78 per share, meeting analysts' estimates, while also setting future EPS guidance for FY 2025 at 2.850-2.950.

Rice Partnership LLC purchased a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,582 shares of the specialty retailer's stock, valued at approximately $2,846,000.

Several other large investors have also recently added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $25,000. HWG Holdings LP acquired a new stake in O'Reilly Automotive in the 1st quarter valued at $26,000. Oakworth Capital Inc. grew its stake in shares of 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 acquiring an additional 264 shares in the last quarter. HighMark Wealth Management LLC grew its stake in shares of 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 acquiring an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its stake in shares of 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 acquiring an additional 277 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O'Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. This represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 over the last ninety days. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Down 1.1%

ORLY opened at $100.76 on Thursday. The business's 50 day moving average is $103.81 and its 200-day moving average is $95.94. The stock has a market cap of $85.49 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ORLY. Citigroup raised their target price on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Argus initiated coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Finally, Royal Bank Of Canada increased their price target on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $107.17.

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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