Interval Partners LP trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 92.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 817 shares of the specialty retailer's stock after selling 10,607 shares during the period. Interval Partners LP's holdings in O'Reilly Automotive were worth $1,170,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Carolinas Wealth Consulting LLC grew its stake in shares of O'Reilly Automotive by 14.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after buying an additional 8 shares during the last quarter. Marcum Wealth LLC grew its holdings in O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock valued at $301,000 after purchasing an additional 8 shares during the last quarter. Adero Partners LLC boosted its position in O'Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock valued at $609,000 after buying an additional 8 shares during the period. Avior Wealth Management LLC grew its position in shares of O'Reilly Automotive by 3.5% in the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after buying an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of O'Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after acquiring an additional 8 shares during the period. Institutional investors own 85.00% of the company's stock.
Insiders Place Their Bets
In other news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction 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 owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. DA Davidson raised their price objective on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI raised their target price on O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Truist Financial lifted their price target on O'Reilly Automotive from $103.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Argus initiated coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, O'Reilly Automotive currently has an average rating of "Buy" and an average price target of $104.40.
Read Our Latest Analysis on O'Reilly Automotive
O'Reilly Automotive Trading Down 1.7%
NASDAQ:ORLY traded down $1.81 during trading hours on Wednesday, hitting $105.11. The company had a trading volume of 4,998,612 shares, compared to its average volume of 5,469,623. The company has a market cap of $89.19 billion, a P/E ratio of 37.58, a P/E/G ratio of 2.81 and a beta of 0.60. O'Reilly Automotive, Inc. has a 1 year low of $73.11 and a 1 year high of $107.20. The company has a 50-day moving average of $99.13 and a 200 day moving average of $93.69.
O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.
About O'Reilly Automotive
(
Free Report)
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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