O'Reilly Automotive, Inc. $ORLY Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. significantly increased its stake in O'Reilly Automotive by 1,977.9% during Q2, now owning 66,888 shares worth approximately $5.96 million.
• Other investors, including Vanguard Group and William Blair Investment Management, also raised their stakes, collectively indicating strong institutional interest in the company.
• O'Reilly Automotive reported earnings of $0.85 per share for the last quarter, surpassing estimates and showing a 7.8% revenue increase compared to the previous year.

Ethic Inc. lifted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,977.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 66,888 shares of the specialty retailer's stock after acquiring an additional 63,669 shares during the quarter. Ethic Inc.'s holdings in O'Reilly Automotive were worth $5,964,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 buying an additional 75,125 shares during the period. William Blair Investment Management LLC boosted its stake in O'Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer's stock worth $319,428,000 after purchasing an additional 3,285,249 shares during the period. TD Asset Management Inc raised its position in O'Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer's stock worth $194,567,000 after buying an additional 1,994,449 shares during the last quarter. Wellington Management Group LLP raised its position in O'Reilly Automotive by 20.8% during the 1st quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock worth $2,757,148,000 after buying an additional 330,964 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of O'Reilly Automotive by 1,052.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer's stock valued at $155,240,000 after purchasing an additional 1,573,010 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ORLY. JPMorgan Chase & Co. raised their target price on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Citigroup lifted their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wolfe Research started coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price objective on the stock. Finally, TD Cowen lifted their price target on shares of O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $110.04.

Insiders Place Their Bets

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares of the company's stock, valued at $415,990.50. The trade was a 87.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Trading Down 0.1%

NASDAQ ORLY opened at $101.21 on Thursday. The stock's 50-day moving average price is $103.73 and its two-hundred day moving average price is $96.48. The company has a market cap of $85.88 billion, a PE ratio of 36.18, a PEG ratio of 2.68 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.41 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Research 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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