O'Reilly Automotive, Inc. $ORLY Shares Sold by Centerstone Investors LLC

Key Points

• Centerstone Investors LLC significantly reduced its stake in O'Reilly Automotive, decreasing its position by 87.6% to only 557 shares, which are now worth approximately $798,000.
• Analysts have raised their price targets for O'Reilly Automotive, with JPMorgan Chase increasing theirs from $101 to $113, reflecting positive sentiment about the company's growth potential.
• Insider activity was notable, with a senior vice president selling 88,485 shares for over $9 million, indicating a major withdrawal from company holdings.

Centerstone Investors LLC trimmed its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 87.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 557 shares of the specialty retailer's stock after selling 3,923 shares during the quarter. O'Reilly Automotive makes up 1.9% of Centerstone Investors LLC's portfolio, making the stock its 11th biggest holding. Centerstone Investors LLC's holdings in O'Reilly Automotive were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ORLY. HWG Holdings LP acquired a new position in O'Reilly Automotive in the first quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in O'Reilly Automotive in the first quarter valued at $25,000. HighMark Wealth Management LLC increased its stake 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 acquired a new position in O'Reilly Automotive in the first quarter valued at $30,000. Finally, Saudi Central Bank acquired a new position in O'Reilly Automotive in the first quarter valued at $33,000. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Up 1.5%

Shares of NASDAQ ORLY traded up $1.56 on Monday, hitting $106.40. The company had a trading volume of 4,359,890 shares, compared to its average volume of 5,493,184. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $106.55. The business has a 50 day moving average of $98.48 and a two-hundred day moving average of $93.47. The firm has a market capitalization of $90.28 billion, a P/E ratio of 38.04, a PEG ratio of 2.77 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the business earned $10.55 earnings per share. The company'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. On average, sell-side analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Mark Joseph Merz sold 5,050 shares of the company'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 owned 2,876 shares of the company's stock, valued at $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORLY. UBS Group upped their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Truist Financial boosted 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. Wells Fargo & Company boosted 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, Evercore ISI boosted their price target on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $104.40.

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.