Carmignac Gestion Sells 18,800 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

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Carmignac Gestion reduced its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 48,636 shares of the specialty retailer's stock after selling 18,800 shares during the period. O'Reilly Automotive makes up approximately 1.1% of Carmignac Gestion's holdings, making the stock its 27th biggest holding. Carmignac Gestion owned 0.08% of O'Reilly Automotive worth $69,675,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ORLY. GAMMA Investing LLC raised its holdings 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 period. Nuveen LLC acquired a new stake in O'Reilly Automotive during the 1st quarter worth approximately $897,549,000. Wellington Management Group LLP raised 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 buying an additional 330,964 shares during the period. Assenagon Asset Management S.A. raised its holdings in O'Reilly Automotive by 197.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 303,484 shares of the specialty retailer's stock worth $434,765,000 after buying an additional 201,356 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after buying an additional 147,904 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORLY. Citigroup raised their target price 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. Wells Fargo & Company lifted their price objective on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Mizuho lifted their price objective on shares of O'Reilly Automotive from $93.3333 to $96.3333 and gave the company an "outperform" rating in a report on Friday, April 25th. BMO Capital Markets lifted their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, DA Davidson lifted their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, O'Reilly Automotive currently has a consensus rating of "Buy" and an average target price of $103.38.

O'Reilly Automotive Stock Down 1.1%

Shares of NASDAQ:ORLY traded down $1.13 during midday trading on Thursday, hitting $102.87. The stock had a trading volume of 4,173,074 shares, compared to its average volume of 4,977,559. The company has a market cap of $87.29 billion, a P/E ratio of 36.77, a PEG ratio of 2.75 and a beta of 0.56. O'Reilly Automotive, Inc. has a 12 month low of $73.11 and a 12 month high of $104.86. The business's 50-day simple moving average is $95.25 and its 200-day simple moving average is $92.20.

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

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Ramon Parises Odems sold 30,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.6967, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares in the company, valued at $21,767.20. This trade represents a 99.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 595 shares of the 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 completion of the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,920 shares of company stock valued at $15,487,502. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive 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.