NorthCrest Asset Manangement LLC Purchases 56,411 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• NorthCrest Asset Management LLC increased its stake in O'Reilly Automotive by 1,356.0%, acquiring 56,411 additional shares, bringing its total holdings to 60,571 shares valued at approximately $5.53 million.
• Multiple analysts raised their price targets for O'Reilly Automotive, with BMO Capital Markets setting a new target of $110.00 and Citigroup increasing theirs to $114.00, both maintaining a "buy" rating.
• O'Reilly Automotive reported a net margin of 14.15% for the last quarter, with earnings of $0.78 per share matching analysts' expectations on revenue of $4.53 billion.

NorthCrest Asset Manangement LLC grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,356.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,571 shares of the specialty retailer's stock after acquiring an additional 56,411 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in O'Reilly Automotive were worth $5,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in shares of O'Reilly Automotive in the first quarter valued at about $25,000. HWG Holdings LP acquired a new position in O'Reilly Automotive during the first quarter worth about $26,000. HighMark Wealth Management LLC raised its stake in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP acquired a new position in O'Reilly Automotive during the first quarter worth about $30,000. Finally, Saudi Central Bank acquired a new position in shares of O'Reilly Automotive in the first quarter valued at approximately $33,000. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Up 0.2%

NASDAQ ORLY traded up $0.24 on Friday, reaching $103.93. The company had a trading volume of 10,047,562 shares, compared to its average volume of 4,166,746. The stock has a market capitalization of $88.18 billion, a P/E ratio of 37.15, a P/E/G ratio of 2.74 and a beta of 0.60. The company's fifty day moving average is $101.37 and its 200 day moving average is $94.53. O'Reilly Automotive, Inc. has a 52-week low of $73.33 and a 52-week high of $108.42.

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 analysts' consensus estimates of $0.78. The business 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%.O'Reilly Automotive's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ORLY shares. Cowen reiterated a "buy" rating on shares of O'Reilly Automotive in a report on Monday. Wells Fargo & Company increased their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. DA Davidson increased their price target on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Truist Financial increased their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, UBS Group upped their target price on O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and a consensus target price of $107.17.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president directly owned 2,876 shares of the company's stock, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction 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 sale, the senior vice president directly 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. In the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

O'Reilly Automotive 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.