L. Roy Papp & Associates LLP Buys 333,766 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• L. Roy Papp & Associates LLP significantly increased its stake in O'Reilly Automotive, purchasing 333,766 shares, raising their total holdings to 358,181 shares, which now represents 3.8% of their investment portfolio.
• Several other hedge funds also raised their stakes in O'Reilly Automotive, notably Vaughan Nelson Investment Management L.P. which increased its holdings by 1,052.9%, now owning shares valued at approximately $155.24 million.
• O'Reilly Automotive reported revenue of $4.53 billion for the last quarter, just shy of analyst expectations, with the company forecasting earnings per share for the fiscal year 2025 to be between $2.850 and $2.950.

L. Roy Papp & Associates LLP raised its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,367.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,181 shares of the specialty retailer's stock after purchasing an additional 333,766 shares during the quarter. O'Reilly Automotive comprises 3.8% of L. Roy Papp & Associates LLP's holdings, making the stock its 6th biggest position. L. Roy Papp & Associates LLP's holdings in O'Reilly Automotive were worth $32,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ORLY. Vaughan Nelson Investment Management L.P. increased its stake in O'Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after purchasing an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. increased its stake in O'Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock valued at $142,449,000 after purchasing an additional 1,474,068 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in O'Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock valued at $125,150,000 after purchasing an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC increased its stake in O'Reilly Automotive by 1,290.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer's stock valued at $101,627,000 after purchasing an additional 1,050,901 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in O'Reilly Automotive by 1,377.8% during the 2nd quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer's stock valued at $97,305,000 after purchasing an additional 1,006,559 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

ORLY stock opened at $99.72 on Friday. The firm has a market cap of $84.61 billion, a PE ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60. The firm's fifty day moving average is $103.84 and its 200 day moving average is $96.00. O'Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71.

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 the consensus estimate of $0.78. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. TD Cowen increased their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. increased their price objective 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. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Finally, Royal Bank Of Canada increased their price objective 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 investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and an average price target of $107.17.

Insider Activity

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were 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 $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was 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 in the last ninety days. Corporate insiders own 1.01% of the company's stock.

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.

Want to see what other hedge funds are holding ORLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.