Covea Finance Has $13.94 Million Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Covea Finance significantly increased its stake in O'Reilly Automotive by 1,400% in Q2, owning 154,710 shares valued at approximately $13.94 million.
• Analysts have expressed strong confidence in O'Reilly Automotive, with several firms raising their price targets, including a lift from $101 to $113 by JPMorgan Chase.
• Insider transactions revealed that senior vice presidents Shari Lynne Reaves and Mark Joseph Merz sold large quantities of shares, indicating some level of profit-taking by company insiders.

Covea Finance boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,710 shares of the specialty retailer's stock after purchasing an additional 144,396 shares during the quarter. Covea Finance's holdings in O'Reilly Automotive were worth $13,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marcum Wealth LLC raised its stake in O'Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after purchasing an additional 8 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in O'Reilly Automotive by 14.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after acquiring an additional 8 shares during the last quarter. Adero Partners LLC grew its position in O'Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after acquiring an additional 8 shares during the last quarter. Avior Wealth Management LLC grew 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 acquiring an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Analysts Set New Price Targets

ORLY has been the topic of a number of recent analyst reports. Barclays reiterated an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Royal Bank Of Canada lifted their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wolfe Research assumed coverage on O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price on the stock. Finally, Argus assumed coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Two investment 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.com, the stock presently has an average rating of "Buy" and a consensus target price of $107.17.

O'Reilly Automotive Stock Down 0.5%

Shares of NASDAQ:ORLY opened at $103.45 on Tuesday. The firm has a market capitalization of $87.78 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60. The stock's 50 day moving average is $101.58 and its 200-day moving average is $94.71. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion during 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%.O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 over the last 90 days. Company insiders own 1.01% of the company's stock.

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.

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