O'Reilly Automotive, Inc. (NASDAQ:ORLY) Shares Sold by Akre Capital Management LLC

Key Points

• Akre Capital Management LLC reduced its holdings in O'Reilly Automotive by 3.5%, now owning approximately 863,910 shares worth $1.24 billion.
• Several other institutional investors have also modified their positions, with Wealth Enhancement Advisory Services LLC increasing its stake by 16.4% and Massachusetts Financial Services Co. MA boosting its holdings by 33.9%.
• O'Reilly Automotive reported a revenue of $4.53 billion for the last quarter, meeting analysts' estimates, while analysts predict an average EPS of 43.94 for the current fiscal year.

Akre Capital Management LLC trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 863,910 shares of the specialty retailer's stock after selling 31,370 shares during the period. O'Reilly Automotive comprises 11.9% of Akre Capital Management LLC's holdings, making the stock its 2nd largest position. Akre Capital Management LLC owned approximately 1.51% of O'Reilly Automotive worth $1,237,620,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORLY. Wealth Enhancement Advisory Services LLC boosted its stake in O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after buying an additional 3,272 shares in the last quarter. Vanguard Group Inc. increased its position in O'Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of O'Reilly Automotive by 33.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after acquiring an additional 147,904 shares in the last quarter. CCM Investment Group LLC bought a new position in O'Reilly Automotive in the first quarter valued at about $4,672,000. Finally, Summit X LLC increased its stake in shares of O'Reilly Automotive by 96.1% in the first quarter. Summit X LLC now owns 15,536 shares of the specialty retailer's stock valued at $22,255,000 after buying an additional 7,612 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 25th. BMO Capital Markets upped their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Mizuho lifted their price objective on O'Reilly Automotive from $93.33 to $96.33 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of O'Reilly Automotive in a report on Thursday, April 24th. Finally, Argus started coverage on shares of O'Reilly Automotive in a research note on Wednesday. They issued a "buy" rating and a $120.00 price objective on the stock. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $103.38.

Insider Activity at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the firm'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 transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Raymond Murphy sold 3,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $91.93, for a total value of $275,800.00. Following the completion of the sale, the director owned 4,560 shares in the company, valued at $419,216. The trade was a 39.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,920 shares of company stock valued at $15,763,302 over the last 90 days. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Up 0.0%

Shares of NASDAQ ORLY opened at $101.54 on Friday. The stock's 50-day moving average is $94.27 and its 200 day moving average is $91.76. O'Reilly Automotive, Inc. has a 1-year low of $73.11 and a 1-year high of $104.86. The stock has a market cap of $86.16 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 2.68 and a beta of 0.56.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $10.55 EPS. On average, 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.

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