Carderock Capital Management Inc. Buys 100,838 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Carderock Capital Management Inc. increased its holdings in O'Reilly Automotive, Inc. by 1,436.4% during the 2nd quarter, bringing its total to approximately $9.72 million worth of stock.
• Several institutional investors have also raised their positions in O'Reilly Automotive, leading to institutional ownership of 85.00%.
• Analysts are bullish on O'Reilly Automotive, with a consensus rating of "Buy" and a price target of $107.17.

Carderock Capital Management Inc. raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,436.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,858 shares of the specialty retailer's stock after acquiring an additional 100,838 shares during the quarter. O'Reilly Automotive makes up about 2.5% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 10th largest holding. Carderock Capital Management Inc.'s holdings in O'Reilly Automotive were worth $9,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC lifted its stake in O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after acquiring an additional 8 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after buying an additional 8 shares during the last quarter. Adero Partners LLC lifted its stake in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after buying an additional 8 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after buying an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Trading Down 1.8%

NASDAQ:ORLY traded down $1.86 during mid-day trading on Tuesday, hitting $101.59. 1,421,329 shares of the company's stock were exchanged, compared to its average volume of 5,491,230. The company has a 50 day simple moving average of $101.58 and a 200-day simple moving average of $94.71. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.42. The firm has a market capitalization of $86.20 billion, a P/E ratio of 36.18, a PEG ratio of 2.74 and a beta of 0.60.

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, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period last year, the company earned $10.55 EPS. The firm's revenue 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 expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Activity

In related news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction 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. The trade was a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. 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 over the last quarter. Company insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. TD Cowen raised their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. UBS Group lifted their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted 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 note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, O'Reilly Automotive presently has a consensus rating of "Buy" and an average price target 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.