O'Reilly Automotive, Inc. $ORLY Shares Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC significantly increased its stake in O'Reilly Automotive, raising its position by 1,269.2% in the 2nd quarter, now owning over 3.5 million shares valued at approximately $319 million.
• In recent research reports, multiple analysts have upgraded their price targets for ORLY, with targets ranging from $115 to $120, reflecting a generally positive sentiment towards the stock.
• O'Reilly reported earnings of $0.78 per share for its latest quarter, meeting expectations, with revenue growth of 5.9% year-over-year, despite a noted negative return on equity.

William Blair Investment Management LLC raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,269.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,544,083 shares of the specialty retailer's stock after purchasing an additional 3,285,249 shares during the period. O'Reilly Automotive comprises approximately 0.8% of William Blair Investment Management LLC's portfolio, making the stock its 20th biggest holding. William Blair Investment Management LLC owned 0.41% of O'Reilly Automotive worth $319,428,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC increased its position in O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after purchasing an additional 8 shares in the last quarter. Geneos Wealth Management Inc. increased its position in O'Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock worth $953,000 after purchasing an additional 8 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in O'Reilly Automotive by 3.2% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock worth $417,000 after purchasing an additional 9 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its position in O'Reilly Automotive by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer's stock worth $317,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of a number of recent research reports. DA Davidson lifted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group reiterated a "buy" rating and set a $120.00 price objective (up previously from $115.00) on shares of O'Reilly Automotive in a research report on Wednesday. Citigroup lifted their price objective on O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of O'Reilly Automotive in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $115.00 target price on O'Reilly Automotive and gave the stock an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $109.12.

O'Reilly Automotive Trading Up 0.4%

NASDAQ ORLY opened at $101.60 on Friday. The business's 50-day moving average price is $103.82 and its 200 day moving average price is $96.34. O'Reilly Automotive, Inc. has a twelve month low of $76.22 and a twelve month high of $108.71. The company has a market capitalization of $86.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60.

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

Insider Transactions at O'Reilly Automotive

In other news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.