O'Reilly Automotive, Inc. $ORLY Position Raised by McLean Asset Management Corp

Key Points

• McLean Asset Management Corp significantly increased its position in O'Reilly Automotive, raising its holdings by 1,408.4% to 5,415 shares, valued at approximately $484,000.
• Insider sales included a total of 125,635 shares sold over the past ninety days, leading to a 3.60% decrease in director Maria Sastre's ownership alone.
• O'Reilly Automotive's latest quarterly earnings met analysts' expectations with an EPS of $0.78, while revenue grew 5.9% year-over-year, totaling $4.53 billion.

McLean Asset Management Corp boosted its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,408.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,415 shares of the specialty retailer's stock after buying an additional 5,056 shares during the quarter. McLean Asset Management Corp's holdings in O'Reilly Automotive were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLY. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive during the 1st quarter valued at $25,000. HWG Holdings LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $26,000. HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 13 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O'Reilly Automotive in the 1st quarter valued at $33,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Maria Sastre sold 595 shares of the stock in a transaction 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 sale, the director owned 15,935 shares of the company's stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president directly owned 12,826 shares of the company's stock, valued at $1,331,467.06. This represents 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 valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

O'Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $107.50 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $73.33 and a fifty-two week high of $108.42. The firm has a market capitalization of $91.21 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.85 and a beta of 0.60. The company's 50 day simple moving average is $100.11 and its 200 day simple moving average is $94.03.

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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $10.55 earnings per share. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of research analyst reports. Argus initiated coverage on shares of O'Reilly Automotive in a research report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price for the company. UBS Group boosted their target price 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. Barclays reissued 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. Citigroup boosted their price objective on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Guggenheim boosted their price objective on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $104.40.

About O'Reilly Automotive

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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