Granite Group Advisors LLC Boosts Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Granite Group Advisors LLC significantly increased its stake in O'Reilly Automotive by 1,424.6%, acquiring a total of 2,790 shares valued at approximately $251,000 as of its latest SEC filing.
• Several other hedge funds have also boosted their investments in O'Reilly Automotive, leading to institutional investors holding 85.00% of the company's stock.
• O'Reilly Automotive reported quarterly earnings of $0.78 per share and revenue of $4.53 billion, showing a 5.9% year-over-year improvement despite falling slightly short of expectations.

Granite Group Advisors LLC increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,424.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,790 shares of the specialty retailer's stock after buying an additional 2,607 shares during the quarter. Granite Group Advisors LLC's holdings in O'Reilly Automotive were worth $251,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of O'Reilly Automotive in the first quarter valued at about $25,000. HWG Holdings LP purchased a new stake in O'Reilly Automotive in the first quarter valued at approximately $26,000. Oakworth Capital Inc. increased its holdings in O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock worth $26,000 after buying an additional 264 shares during the period. HighMark Wealth Management LLC raised its position in O'Reilly Automotive by 1,400.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock worth $27,000 after buying an additional 280 shares during the last quarter. Finally, ORG Partners LLC raised its position in O'Reilly Automotive by 839.4% during the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock worth $28,000 after buying an additional 277 shares during the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Performance

Shares of O'Reilly Automotive stock opened at $103.05 on Wednesday. The firm has a 50-day simple moving average of $103.95 and a two-hundred day simple moving average of $96.22. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The company has a market cap of $87.44 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly 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. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the business posted $10.55 earnings per share. O'Reilly Automotive's revenue for the quarter was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on ORLY. UBS Group upped their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI upped their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. DA Davidson increased their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets upped their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.17.

Insider Activity at O'Reilly Automotive

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 sale, the senior vice president directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction that occurred on 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 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 90 days. 1.01% of the stock is owned by insiders.

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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