Cidel Asset Management Inc. Buys 2,691 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Cidel Asset Management Inc. significantly increased its stake in O'Reilly Automotive by 1,325.6%, acquiring an additional 2,691 shares during the second quarter, bringing its total holdings to 2,894 shares worth approximately $261,000.
• Multiple large investors, including Oxbow Advisors and Prime Capital Investment Advisors, also ramped up their positions in O'Reilly Automotive, indicating strong institutional interest with 85% of the stock owned by institutional investors.
• O'Reilly Automotive's recent earnings report showed a revenue increase of 5.9% year-over-year, with quarterly revenue of $4.53 billion and earnings per share of $0.78, matching analysts' expectations.

Cidel Asset Management Inc. grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,325.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,894 shares of the specialty retailer's stock after purchasing an additional 2,691 shares during the quarter. Cidel Asset Management Inc.'s holdings in O'Reilly Automotive were worth $261,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Oxbow Advisors LLC increased its position in O'Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer's stock worth $5,977,000 after acquiring an additional 58,828 shares during the period. Vanguard Group Inc. increased its position in O'Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after acquiring an additional 75,125 shares during the period. Prime Capital Investment Advisors LLC increased its position in O'Reilly Automotive by 1,063.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer's stock worth $9,724,000 after acquiring an additional 98,616 shares during the period. Massachusetts Financial Services Co. MA increased its position in O'Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock worth $836,357,000 after acquiring an additional 147,904 shares during the period. Finally, First Merchants Corp increased its position in O'Reilly Automotive by 1,392.2% during the second quarter. First Merchants Corp now owns 102,875 shares of the specialty retailer's stock worth $9,272,000 after acquiring an additional 95,981 shares during the period. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Trading Down 0.6%

ORLY opened at $100.97 on Tuesday. The company's 50 day moving average is $103.77 and its 200-day moving average is $96.41. O'Reilly Automotive, Inc. has a 1-year low of $76.22 and a 1-year high of $108.71. The company has a market cap of $85.67 billion, a P/E ratio of 36.10, a PEG ratio of 2.68 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The company 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 posted $10.55 EPS. The firm's quarterly 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, equities analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Activity at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction 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 that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ORLY shares. Wolfe Research started coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. Argus initiated coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price objective on the stock. DA Davidson increased their price objective 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. Wells Fargo & Company set a $115.00 price objective on shares of O'Reilly Automotive and gave the stock an "overweight" rating in a research note on Wednesday, October 15th. Finally, Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.04.

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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