Oak Ridge Investments LLC Buys 189,471 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Oak Ridge Investments LLC significantly increased its stake in O'Reilly Automotive by 1,373.5%, purchasing 189,471 shares, which brings its total holdings to 203,266 shares valued at approximately $18.32 million.
• Other institutional investors, including Vaughan Nelson Investment Management L.P. and Congress Asset Management Co., also boosted their stakes in O'Reilly Automotive by over 1,000% during the second quarter.
• Analysts have raised their target prices for O'Reilly Automotive, with Wolfe Research setting a target at $121.00 and Citigroup adjusting theirs to $114.00, reflecting strong optimism for the stock's performance.

Oak Ridge Investments LLC increased its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,373.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,266 shares of the specialty retailer's stock after purchasing an additional 189,471 shares during the period. O'Reilly Automotive makes up approximately 1.3% of Oak Ridge Investments LLC's portfolio, making the stock its 15th biggest holding. Oak Ridge Investments LLC's holdings in O'Reilly Automotive were worth $18,320,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ORLY. Vaughan Nelson Investment Management L.P. boosted its stake in O'Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock worth $155,240,000 after buying an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. boosted its stake in O'Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer's stock worth $142,449,000 after buying an additional 1,474,068 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in O'Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer's stock worth $125,150,000 after buying an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in O'Reilly Automotive by 1,290.1% in the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer's stock worth $101,627,000 after buying an additional 1,050,901 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in O'Reilly Automotive by 1,377.8% in the second quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer's stock worth $97,305,000 after buying an additional 1,006,559 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the sale, the senior vice president owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 of the company's stock, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wolfe Research assumed coverage on O'Reilly Automotive in a research note on Thursday, September 18th. They issued an "outperform" rating and a $121.00 target price for the company. JPMorgan Chase & Co. upped their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. DA Davidson upped their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays reaffirmed an "equal weight" rating and issued a $86.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 25th. Finally, Citigroup increased their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $107.17.

O'Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $102.15 on Friday. The firm has a market cap of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The business has a 50 day moving average price of $103.90 and a 200-day moving average price of $96.10.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $10.55 earnings per share. The firm'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. Research analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current 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.

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