O'Reilly Automotive, Inc. $ORLY Shares Acquired by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. significantly increased its stake in O'Reilly Automotive by 1,385.2%, owning over 1.5 million shares, which now represents 1.0% of its portfolio.
• Several analysts have upgraded their price targets for O'Reilly Automotive, with most setting targets between $105.00 and $125.00, reflecting a positive outlook on the company's stock.
• O'Reilly Automotive reported earnings of $0.78 EPS for the last quarter, matching analysts' expectations, despite a slight decline in net revenue compared to projections.

Congress Asset Management Co. lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,385.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,580,484 shares of the specialty retailer's stock after acquiring an additional 1,474,068 shares during the quarter. O'Reilly Automotive accounts for about 1.0% of Congress Asset Management Co.'s portfolio, making the stock its 24th largest position. Congress Asset Management Co. owned 0.18% of O'Reilly Automotive worth $142,449,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. DA Davidson increased their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company upped their price target on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. TD Cowen raised their price objective on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, September 15th. BMO Capital Markets boosted their price objective on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Guggenheim upped their target price on shares of O'Reilly Automotive from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 25th. 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 company. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Buy" and a consensus price target of $107.17.

O'Reilly Automotive Trading Up 1.1%

Shares of NASDAQ ORLY opened at $104.58 on Friday. The stock has a market cap of $88.74 billion, a P/E ratio of 37.39, a P/E/G ratio of 2.73 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $75.79 and a twelve month high of $108.42. The stock has a 50 day moving average of $102.33 and a two-hundred day moving average of $94.94.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, research analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction dated 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 sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

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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