3Chopt Investment Partners LLC increased its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,384.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,550 shares of the specialty retailer's stock after purchasing an additional 10,772 shares during the quarter. 3Chopt Investment Partners LLC's holdings in O'Reilly Automotive were worth $1,041,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. HWG Holdings LP bought a new position in shares of O'Reilly Automotive during the first quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive in the first quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its position in O'Reilly Automotive by 185.7% in the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP bought a new stake in O'Reilly Automotive in the first quarter valued at approximately $30,000. Finally, Saudi Central Bank bought a new stake in O'Reilly Automotive in the first quarter valued at approximately $33,000. 85.00% of the stock is owned by institutional investors.
Insider Buying and Selling at O'Reilly Automotive
In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last ninety days. 1.01% of the stock is owned by company insiders.
O'Reilly Automotive Stock Performance
ORLY stock opened at $99.72 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The company has a market capitalization of $84.61 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.60. The business's 50 day moving average price is $103.84 and its two-hundred day moving average price is $96.00.
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 the consensus estimate of $0.78. The company 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 firm's revenue 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. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on ORLY. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price on the stock. Citigroup raised their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company upped their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $107.17.
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About O'Reilly Automotive
(
Free Report)
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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