CCM Investment Group LLC Purchases Shares of 3,317 O'Reilly Automotive, Inc. (NASDAQ:ORLY)

Key Points

• CCM Investment Group LLC has made a new investment of $4.67 million in O'Reilly Automotive, acquiring 3,317 shares of the company through its recent 13F filing.
• Insider selling activity is noteworthy, with senior vice president Ramon Parises Odems selling 30,000 shares and another VP, Mark Joseph Merz, selling 29,505 shares, leading to significant reductions in their positions.
• O'Reilly Automotive's stock has a market cap of $88.33 billion and recently reported earnings per share (EPS) of $0.78, meeting analysts' estimates.

CCM Investment Group LLC purchased a new stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,317 shares of the specialty retailer's stock, valued at approximately $4,672,000.

Several other institutional investors have also made changes to their positions in the stock. Cobblestone Capital Advisors LLC NY lifted its stake in O'Reilly Automotive by 8.1% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 9,765 shares of the specialty retailer's stock worth $13,989,000 after purchasing an additional 732 shares during the last quarter. Nuveen LLC bought a new position in shares of O'Reilly Automotive in the 1st quarter valued at $897,549,000. Cooper Financial Group lifted its stake in shares of O'Reilly Automotive by 7.2% in the 1st quarter. Cooper Financial Group now owns 474 shares of the specialty retailer's stock valued at $679,000 after acquiring an additional 32 shares during the last quarter. Biltmore Family Office LLC bought a new position in shares of O'Reilly Automotive in the 1st quarter valued at $223,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of O'Reilly Automotive by 3.8% in the 1st quarter. Benjamin Edwards Inc. now owns 2,998 shares of the specialty retailer's stock valued at $4,295,000 after acquiring an additional 110 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ORLY shares. Truist Financial increased their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI increased their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday. UBS Group increased their price objective on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. BMO Capital Markets increased their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $103.38.

O'Reilly Automotive Price Performance

Shares of ORLY traded down $0.72 during trading hours on Thursday, hitting $101.92. The stock had a trading volume of 2,379,930 shares, compared to its average volume of 5,628,335. The firm has a 50 day simple moving average of $93.88 and a 200-day simple moving average of $91.54. The firm has a market capitalization of $86.48 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.86.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $10.55 EPS. Equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated 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 $284,925.32. This trade represents a 63.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ramon Parises Odems sold 30,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $90.70, for a total value of $2,720,900.00. Following the completion of the sale, the senior vice president owned 240 shares of the company's stock, valued at approximately $21,767.20. This represents a 99.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,840 shares of company stock worth $6,629,176 over the last 90 days. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive Company 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.