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

Several other institutional investors have also added to or reduced their stakes in ORLY. GAMMA Investing LLC raised its holdings in shares of O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares during the period. Nuveen LLC purchased a new position in O'Reilly Automotive in the 1st quarter worth $897,549,000. Woodstock Corp lifted its stake in O'Reilly Automotive by 1,376.6% in the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer's stock worth $52,770,000 after acquiring an additional 545,839 shares during the period. Swedbank AB raised its holdings in O'Reilly Automotive by 1,463.0% in the second quarter. Swedbank AB now owns 432,565 shares of the specialty retailer's stock worth $38,987,000 after purchasing an additional 404,890 shares in the last quarter. Finally, Sapient Capital LLC lifted its stake in shares of O'Reilly Automotive by 1,378.3% in the second quarter. Sapient Capital LLC now owns 420,797 shares of the specialty retailer's stock worth $37,926,000 after buying an additional 392,333 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORLY. Barclays restated an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Evercore ISI lifted their target price on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Wells Fargo & Company boosted their price target on shares of O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Buy" and an average target price of $107.17.

Insider Activity

In related news, SVP Carl David Wilbanks sold 88,485 shares of O'Reilly Automotive 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the sale, the senior vice president directly owned 12,826 shares in the company, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by insiders.

O'Reilly Automotive Stock Performance

ORLY traded up $0.24 during trading on Friday, reaching $103.93. The stock had a trading volume of 10,047,562 shares, compared to its average volume of 4,166,746. The business has a 50-day moving average of $101.37 and a 200-day moving average of $94.56. O'Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42. The stock has a market cap of $88.18 billion, a PE ratio of 37.15, a PEG ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.