Clio Asset Management LLC Buys 231,806 Shares of O'Reilly Automotive, Inc. $ORLY

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 holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,258.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 holdings, making the stock its biggest holding. Clio Asset Management LLC's holdings in O'Reilly Automotive were worth $22,553,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ORLY. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive in the first quarter valued at approximately $25,000. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive in the 1st quarter valued at $26,000. HighMark Wealth Management LLC boosted its position in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive during the first quarter worth $30,000. Finally, Saudi Central Bank bought a new stake in O'Reilly Automotive in the first quarter valued at about $33,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

ORLY stock traded up $0.24 during midday trading on Friday, reaching $103.93. 10,047,562 shares of the company were exchanged, compared to its average volume of 4,494,938. The firm has a market capitalization of $88.18 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42. The business has a 50-day moving average price of $101.37 and a two-hundred day moving average price of $94.60.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORLY. Truist Financial boosted their price objective 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. Wolfe Research began coverage on shares of O'Reilly Automotive in a research note on Thursday. They issued an "outperform" rating and a $121.00 price target on the stock. Argus started coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 target price for the company. UBS Group upped their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Citigroup lifted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $107.17.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive stock in a transaction 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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% 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 worth $12,740,916. 1.01% of the stock is currently 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.