O'Reilly Automotive, Inc. $ORLY Shares Bought by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its O’Reilly Automotive stake by 11.5% in the third quarter, adding 56,196 shares to own 544,248 shares valued at approximately $44.8 million. Institutional investors and hedge funds collectively own 85% of the stock.
• Analysts maintain a generally positive outlook, with 16 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $107.32.
• O’Reilly reported quarterly revenue of $4.89 billion, up 8.1% year over year, while earnings of $0.86 per share matched estimates. The stock opened at $90.02, within a 52-week range of $82.59 to $102.46.

Carnegie Investment Counsel grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 544,248 shares of the specialty retailer's stock after buying an additional 56,196 shares during the quarter. O'Reilly Automotive accounts for 0.8% of Carnegie Investment Counsel's investment portfolio, making the stock its 25th largest position. Carnegie Investment Counsel owned about 0.07% of O'Reilly Automotive worth $44,801,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in O'Reilly Automotive in the 2nd quarter worth $5,950,042,000. Bank of New York Mellon Corp acquired a new stake in shares of O'Reilly Automotive in the second quarter valued at about $1,023,936,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of O'Reilly Automotive by 1.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,329,667 shares of the specialty retailer's stock valued at $859,169,000 after purchasing an additional 141,915 shares during the period. Amundi grew its position in shares of O'Reilly Automotive by 19.7% in the first quarter. Amundi now owns 8,497,984 shares of the specialty retailer's stock valued at $784,449,000 after purchasing an additional 1,397,671 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of O'Reilly Automotive during the second quarter worth about $721,747,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Christopher Mancini sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $93.00, for a total value of $279,000.00. Following the transaction, the senior vice president directly owned 189 shares of the company's stock, valued at $17,577. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. This represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,000 shares of company stock worth $550,530. Insiders own 0.77% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ORLY shares. Roth Capital restated a "buy" rating and set a $111.00 price target (up from $109.00) on shares of O'Reilly Automotive in a research report on Friday, July 31st. BNP Paribas Exane decreased their price target on shares of O'Reilly Automotive from $116.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. TD Cowen lowered their price objective on O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Robert W. Baird set a $100.00 price objective on O'Reilly Automotive and gave the stock a "neutral" rating in a research note on Friday, July 31st. Finally, DA Davidson reiterated a "buy" rating and set a $106.00 price objective on shares of O'Reilly Automotive in a research note on Wednesday, September 16th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $107.32.

O'Reilly Automotive Stock Up 1.1%

Shares of ORLY opened at $90.02 on Wednesday. O'Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $102.46. The stock has a market cap of $72.82 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54. The firm's fifty day moving average is $87.32 and its two-hundred day moving average is $89.20.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, meeting analysts' consensus estimates of $0.86. The business had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.86 billion. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, research analysts anticipate that O'Reilly Automotive, Inc. will post 3.28 earnings per share for the current year.

O'Reilly Automotive Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O'Reilly family, the company began as a single store in Springfield, Missouri.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.