Kendall Capital Management Boosts Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Kendall Capital Management significantly increased its holdings in O'Reilly Automotive by 1,311.3% in the second quarter, now owning 23,555 shares valued at approximately $2.12 million.
• Several analysts have raised their price targets for O'Reilly Automotive, including BMO Capital Markets and UBS Group, with the average consensus target price now at $107.17.
• Insider trading activity includes SVP Carl David Wilbanks selling 88,485 shares of O'Reilly's stock, indicating a substantial decrease in his ownership by nearly 90%.

Kendall Capital Management increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,311.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,555 shares of the specialty retailer's stock after buying an additional 21,886 shares during the period. Kendall Capital Management's holdings in O'Reilly Automotive were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ORLY. Wealth Enhancement Advisory Services LLC raised its position in shares of O'Reilly Automotive by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock worth $33,227,000 after purchasing an additional 3,272 shares during the last quarter. Vanguard Group Inc. increased its stake in O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after buying an additional 75,125 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of O'Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after acquiring an additional 147,904 shares during the last quarter. CCM Investment Group LLC purchased a new position in shares of O'Reilly Automotive in the first quarter valued at approximately $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of O'Reilly Automotive by 52.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock worth $16,105,000 after acquiring an additional 3,866 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORLY. BMO Capital Markets increased their price objective 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. UBS Group increased their target price on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Citigroup boosted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Truist Financial increased their price objective on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada raised their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Two 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, the stock presently has an average rating of "Buy" and a consensus target price of $107.17.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. The trade was 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 available through this link. Also, Director Maria Sastre sold 595 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 over the last quarter. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

ORLY stock opened at $106.10 on Friday. O'Reilly Automotive, Inc. has a one year low of $75.91 and a one year high of $108.42. The firm has a market cap of $90.03 billion, a PE ratio of 37.93, a PEG ratio of 2.76 and a beta of 0.60. The firm's 50 day moving average price is $102.61 and its 200-day moving average price is $95.06.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company 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%.The firm'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 posted $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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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