O'Reilly Automotive, Inc. $ORLY Stake Boosted by Clio Asset Management LLC

Key Points

• Clio Asset Management LLC significantly increased its stake in O'Reilly Automotive, boosting its holdings by 1,258.2% in Q2, making it the fund's largest position at a value of $22.55 million.
• Equity analysts have raised their price targets for O'Reilly Automotive, with new targets ranging from $104 to $121, indicating a optimistic outlook on the stock.
• Recent insider trading has seen significant sales, including one senior vice president selling 88,485 shares for over $9 million, contributing to a notable decrease in insider ownership.

Clio Asset Management LLC raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,258.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,230 shares of the specialty retailer's stock after purchasing an additional 231,806 shares during the period. O'Reilly Automotive accounts for approximately 17.7% of Clio Asset Management LLC's investment portfolio, making the stock its biggest position. Clio Asset Management LLC's holdings in O'Reilly Automotive were worth $22,553,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Carolinas Wealth Consulting LLC grew its holdings in O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 8 shares during the period. Marcum Wealth LLC grew its stake in O'Reilly Automotive by 4.0% in the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after buying an additional 8 shares during the last quarter. Adero Partners LLC boosted its position in shares of O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after acquiring an additional 8 shares in the last quarter. Avior Wealth Management LLC boosted its position in O'Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after buying an additional 8 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research analyst reports. DA Davidson boosted their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI increased their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Argus started coverage on shares of O'Reilly Automotive in a report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Wolfe Research began coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and an average target price of $107.17.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive 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 completion of the sale, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director directly owned 15,935 shares of the company's stock, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Down 0.2%

Shares of ORLY stock traded down $0.19 on Tuesday, hitting $103.27. 3,045,838 shares of the stock were exchanged, compared to its average volume of 5,500,029. The business has a 50-day moving average of $101.58 and a 200 day moving average of $94.71. The firm has a market capitalization of $87.62 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS 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 firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the business earned $10.55 EPS. The business'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. As a group, research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.