Bank of America Corp DE Buys New Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Bank of America bought 7.84 million O'Reilly Automotive shares worth approximately $721.7 million, acquiring about 0.97% of the company. Other institutions also added positions, and institutional investors now own roughly 85% of ORLY.
• O'Reilly reported quarterly revenue of $4.89 billion, up 8.1% year over year, while earnings of $0.86 per share matched analyst expectations. The stock opened at $85.16, down 2.4%, near its 52-week low.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $107.24 target price versus the current share price. However, company insiders sold 6,000 shares worth approximately $550,530 over the past 90 days.

Bank of America Corp DE purchased a new position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,837,408 shares of the specialty retailer's stock, valued at approximately $721,747,000. Bank of America Corp DE owned about 0.97% of O'Reilly Automotive as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Port Capital LLC purchased a new stake in O'Reilly Automotive during the 2nd quarter valued at approximately $85,488,000. American Capital Management Inc. acquired a new position in shares of O'Reilly Automotive in the second quarter valued at approximately $7,941,000. Caisse de depot et placement du Quebec purchased a new stake in shares of O'Reilly Automotive during the second quarter worth approximately $10,804,000. Pointe Capital Management LLC purchased a new stake in shares of O'Reilly Automotive during the second quarter worth approximately $962,000. Finally, Man Group plc acquired a new stake in shares of O'Reilly Automotive during the second quarter worth $280,759,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 2.4%

NASDAQ ORLY opened at $85.16 on Wednesday. O'Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $108.71. The business has a fifty day moving average of $88.57 and a 200-day moving average of $90.21. The stock has a market cap of $68.89 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, meeting analysts' consensus estimates of $0.86. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%.The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the company earned $0.78 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 3.27 EPS for the current year.

Insider Activity

In related news, Director Thomas Hendrickson sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $87.83, for a total transaction of $87,830.00. Following the transaction, the director owned 18,675 shares of the company's stock, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total transaction of $183,700.00. Following the sale, the director owned 14,970 shares in the company, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,000 shares of company stock valued at $550,530 over the last 90 days. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent research reports. Wolfe Research set a $98.00 price objective on shares of O'Reilly Automotive in a research note on Wednesday, July 15th. DA Davidson set a $106.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and issued a $110.00 target price on shares of O'Reilly Automotive in a report on Friday, July 31st. Citigroup reissued a "buy" rating and set a $106.00 price target (up from $104.00) on shares of O'Reilly Automotive in a report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, O'Reilly Automotive presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.24.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers, professional service technicians and commercial garages, offering products for maintaining and repairing cars, trucks and other vehicles.

Its merchandise includes replacement parts such as brakes, filters, belts, batteries and ignition components, as well as shop equipment, tools, fluids, lighting and appearance products. O'Reilly also provides services such as parts lookup, battery testing and installation, loaner tool programs, used-oil recycling and commercial delivery to professional customers.

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