Chevy Chase Trust Holdings LLC Boosts Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in O'Reilly Automotive by 1,399.8% during Q2, now owning 458,464 shares valued at approximately $41.32 million.
• Analyst ratings for O'Reilly Automotive remain optimistic, with a consensus target price of $109.12 and multiple firms issuing "buy" ratings following recent increases in target prices.
• O'Reilly Automotive's stock performance shows a year-to-date high of $108.71 and a quarterly earnings result that met analysts' consensus estimates of $0.78 EPS.

Chevy Chase Trust Holdings LLC grew its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,399.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458,464 shares of the specialty retailer's stock after buying an additional 427,895 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of O'Reilly Automotive worth $41,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORLY. GAMMA Investing LLC raised its position in shares of O'Reilly Automotive by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer's stock valued at $1,822,000 after buying an additional 232 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of O'Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of O'Reilly Automotive by 34.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 445 shares of the specialty retailer's stock valued at $637,000 after purchasing an additional 113 shares during the last quarter. TCI Wealth Advisors Inc. bought a new position in shares of O'Reilly Automotive during the 1st quarter valued at $228,000. Finally, Blue Trust Inc. grew its holdings in shares of O'Reilly Automotive by 22.3% during the 1st quarter. Blue Trust Inc. now owns 559 shares of the specialty retailer's stock valued at $801,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORLY shares. Truist Financial increased their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Guggenheim increased their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. Argus started coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price on the stock. Finally, TD Cowen increased their target price on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $109.12.

O'Reilly Automotive Stock Up 0.4%

Shares of O'Reilly Automotive stock opened at $101.60 on Friday. The firm has a market cap of $86.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71. The company's fifty day simple moving average is $103.82 and its two-hundred day simple moving average is $96.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates 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 was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O'Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

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.

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