DAVENPORT & Co LLC Acquires 1,050,901 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• DAVENPORT & Co LLC significantly increased its stake in O'Reilly Automotive, acquiring over 1 million shares and raising its holdings by 1,290.1% in the second quarter.
• O'Reilly Automotive reported earnings of $0.78 EPS for the last quarter, meeting expectations, and experienced a 5.9% year-over-year revenue increase.
• Institutional investors and hedge funds now own 85.00% of O'Reilly Automotive's stock, indicating strong institutional interest in the company.

DAVENPORT & Co LLC increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,290.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,132,357 shares of the specialty retailer's stock after acquiring an additional 1,050,901 shares during the period. DAVENPORT & Co LLC owned about 0.13% of O'Reilly Automotive worth $101,627,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in shares of O'Reilly Automotive during the 1st quarter worth approximately $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter worth $26,000. Oakworth Capital Inc. lifted its holdings in shares of O'Reilly Automotive by 1,257.1% during the second quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares during the period. HighMark Wealth Management LLC boosted its stake in shares of O'Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 280 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of O'Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

O'Reilly Automotive stock opened at $104.79 on Monday. The firm has a market capitalization of $88.91 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.77 and a beta of 0.60. The company's 50 day simple moving average is $103.61 and its 200 day simple moving average is $95.77. O'Reilly Automotive, Inc. has a fifty-two week low of $76.10 and a fifty-two week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm 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 predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares of the company's stock, valued at $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business'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 completion of the transaction, the senior vice president 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. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ORLY shares. Wolfe Research began coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target for the company. BMO Capital Markets lifted their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group increased their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Guggenheim lifted their price objective on O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen 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 has an average rating of "Buy" and an average target price of $107.17.

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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