Kavar Capital Partners Group LLC Increases Holdings in O'Reilly Automotive, Inc. $ORLY

Key Points

• Kavar Capital Partners Group LLC significantly increased its stake in O'Reilly Automotive, Inc. by 1,400.2%, bringing its total holdings to 111,285 shares valued at approximately $10 million.
• O'Reilly Automotive reported $0.78 earnings per share for its latest quarter, meeting analysts' expectations, while the company's revenue increased by 5.9% year-over-year.
• Analysts have raised their price targets for O'Reilly Automotive, with BMO Capital Markets and Citigroup setting new targets at $110 and $114 respectively, reflecting a positive outlook for the stock.

Kavar Capital Partners Group LLC increased its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 111,285 shares of the specialty retailer's stock after purchasing an additional 103,867 shares during the period. O'Reilly Automotive accounts for 1.4% of Kavar Capital Partners Group LLC's investment portfolio, making the stock its 17th largest position. Kavar Capital Partners Group LLC's holdings in O'Reilly Automotive were worth $10,030,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in ORLY. HWG Holdings LP purchased a new stake in shares of O'Reilly Automotive in the first quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in O'Reilly Automotive during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC lifted its stake in 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 in the last quarter. Elequin Capital LP bought a new position in O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Saudi Central Bank purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

Shares of ORLY opened at $107.55 on Tuesday. O'Reilly Automotive, Inc. has a 1 year low of $75.93 and a 1 year high of $108.42. The stock has a 50 day simple moving average of $102.87 and a two-hundred day simple moving average of $95.31. The firm has a market cap of $91.26 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.80 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business posted $10.55 EPS. The business's quarterly revenue 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. On average, equities analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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 dated Wednesday, August 6th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Citigroup lifted their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wolfe Research assumed coverage on O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective for the company. Royal Bank Of Canada raised their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Two research 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $107.17.

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.

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