Mattern Capital Management LLC Grows Stake in O'Reilly Automotive, Inc. $ORLY

Key Points

• Mattern Capital Management LLC increased its stake in O'Reilly Automotive by 1,579.2% during the second quarter, acquiring an additional 5,606 shares, bringing its total holdings to 5,961 shares valued at approximately $537,000.
• O'Reilly Automotive reported earnings of $0.78 EPS in its latest quarterly results, matching analyst expectations, with revenue of $4.53 billion, reflecting a 5.9% year-over-year growth.
• Analysts have varied price targets for O'Reilly Automotive, with TD Cowen raising their target from $112.00 to $125.00 while Barclays set a target of $86.00, indicating a generally optimistic outlook for the stock.

Mattern Capital Management LLC lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,579.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,961 shares of the specialty retailer's stock after purchasing an additional 5,606 shares during the quarter. Mattern Capital Management LLC's holdings in O'Reilly Automotive were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of O'Reilly Automotive during the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in O'Reilly Automotive during the 1st quarter valued at $25,000. HighMark Wealth Management LLC increased its holdings in shares of 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 stake in shares of O'Reilly Automotive in the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new position in shares of O'Reilly Automotive in the first quarter worth $33,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Performance

ORLY opened at $104.79 on Friday. The stock 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 has a fifty day moving average of $103.61 and a 200 day moving average of $95.68. 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 released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The business's 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 research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Transactions at O'Reilly Automotive

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of O'Reilly Automotive stock in a transaction that occurred 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 sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. The trade was a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the 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 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. In the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORLY shares. TD Cowen lifted their price objective on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Barclays reaffirmed an "equal weight" rating and set a $86.00 price target on shares of O'Reilly Automotive in a report on Friday, July 25th. Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective for the company. Evercore ISI raised their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets lifted their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, O'Reilly Automotive has an average rating of "Buy" and an average price target 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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