Contravisory Investment Management Inc. Purchases 6,045 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Contravisory Investment Management Inc. significantly increased its holdings in O'Reilly Automotive by 1,343.3%, acquiring an additional 6,045 shares during the second quarter, bringing their total to 6,495 shares valued at $585,000.
• Several institutional investors, including HWG Holdings LP and Saudi Central Bank, have recently invested in O'Reilly Automotive stock, indicating a strong interest in the company, which is currently 85% owned by hedge funds and institutional investors.
• O'Reilly Automotive reported earnings that met expectations with a $0.78 EPS and a revenue of $4.53 billion, while analysts predict a consensus target price of $106.36 for the stock following multiple price target increases from major investment firms.

Contravisory Investment Management Inc. boosted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,343.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,495 shares of the specialty retailer's stock after acquiring an additional 6,045 shares during the period. Contravisory Investment Management Inc.'s holdings in O'Reilly Automotive were worth $585,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the 1st quarter worth about $25,000. HWG Holdings LP acquired a new stake in O'Reilly Automotive in the 1st quarter valued at about $26,000. HighMark Wealth Management LLC increased its holdings 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 valued at $29,000 after purchasing an additional 13 shares during the period. Elequin Capital LP bought a new stake in shares of O'Reilly Automotive in the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank bought a new stake in shares of O'Reilly Automotive in the first quarter valued at approximately $33,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at O'Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction on 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 transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of O'Reilly Automotive stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ORLY shares. Guggenheim raised their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wolfe Research initiated coverage on O'Reilly Automotive in a report on Thursday. They set an "outperform" rating and a $121.00 price objective for the company. BMO Capital Markets boosted their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Finally, DA Davidson lifted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $107.17.

O'Reilly Automotive Trading Down 0.6%

NASDAQ ORLY traded down $0.66 on Monday, hitting $103.27. 1,699,703 shares of the company were exchanged, compared to its average volume of 5,495,703. O'Reilly Automotive, Inc. has a 1-year low of $73.33 and a 1-year high of $108.42. The company has a market cap of $87.62 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.74 and a beta of 0.60. The firm has a 50 day moving average of $101.37 and a two-hundred day moving average of $94.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O'Reilly Automotive's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.