Mitchell Capital Management Co. Acquires 54,027 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Mitchell Capital Management Co. significantly increased its holdings in O'Reilly Automotive by 854.7%, acquiring an additional 54,027 shares during the second quarter, bringing their total to 60,348 shares valued at approximately $5.57 million.
• Multiple analysts have raised their price targets for O'Reilly Automotive, with UBS Group setting a new target of $115.00 and Argus projecting a target of $120.00, indicating strong confidence in the stock's performance.
• Insider activity has seen high volumes, with a senior VP selling 88,485 shares valued at over $9 million, representing a significant decrease in their ownership stake in the company.

Mitchell Capital Management Co. increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 854.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 60,348 shares of the specialty retailer's stock after purchasing an additional 54,027 shares during the period. O'Reilly Automotive accounts for approximately 1.0% of Mitchell Capital Management Co.'s holdings, making the stock its 28th largest position. Mitchell Capital Management Co.'s holdings in O'Reilly Automotive were worth $5,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adero Partners LLC lifted its position in O'Reilly Automotive by 1.9% during the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after acquiring an additional 8 shares during the last quarter. Avior Wealth Management LLC lifted its position in O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC lifted its position in O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after acquiring an additional 8 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in O'Reilly Automotive by 1.2% during the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock worth $953,000 after acquiring an additional 8 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in O'Reilly Automotive by 3.2% during the first quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock worth $417,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 85.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ORLY shares. UBS Group raised their price objective on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Evercore ISI lifted their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Citigroup lifted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Argus assumed coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target for the company. Finally, Wolfe Research assumed coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price target for the company. Two 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's stock. According to data from MarketBeat, O'Reilly Automotive currently has a consensus rating of "Buy" and an average target price of $107.17.

Insider Activity

In other O'Reilly Automotive news, Director Maria Sastre sold 595 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company's stock, valued at approximately $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. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last three months. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Price Performance

Shares of ORLY opened at $102.15 on Monday. O'Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The company has a market cap of $86.67 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.70 and a beta of 0.60. The firm has a 50 day simple moving average of $103.90 and a two-hundred day simple moving average of $96.11.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced 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 period in the previous year, the business earned $10.55 earnings per share. The company'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, analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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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