Kayne Anderson Rudnick Investment Management LLC Sells 3,338 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in O'Reilly Automotive by 5.3%, now holding approximately 0.10% of the company, valued at $84.98 million.
• The company's stock performance shows a range, with a one-year low of $73.11 and a high of $104.86, and it currently has a market cap of $86.81 billion.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, marking a 5.9% increase compared to the same period last year.

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,322 shares of the specialty retailer's stock after selling 3,338 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.10% of O'Reilly Automotive worth $84,984,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ORLY. Vanguard Group Inc. increased its position in O'Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer's stock valued at $7,504,421,000 after acquiring an additional 75,125 shares during the period. Wellington Management Group LLP increased its holdings in shares of O'Reilly Automotive by 20.8% during the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer's stock valued at $2,757,148,000 after purchasing an additional 330,964 shares during the period. GAMMA Investing LLC raised its stake in shares of O'Reilly Automotive by 175,115.6% during the first quarter. GAMMA Investing LLC now owns 1,822,242 shares of the specialty retailer's stock valued at $2,610,507,000 after purchasing an additional 1,821,202 shares in the last quarter. Northern Trust Corp lifted its holdings in O'Reilly Automotive by 0.8% in the first quarter. Northern Trust Corp now owns 657,138 shares of the specialty retailer's stock worth $941,403,000 after purchasing an additional 5,172 shares during the period. Finally, Nuveen LLC bought a new position in O'Reilly Automotive in the 1st quarter valued at about $897,549,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ORLY. Royal Bank Of Canada raised their price objective on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. DA Davidson boosted their price target on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI raised their price objective on O'Reilly Automotive from $108.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Guggenheim boosted their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $104.40.

O'Reilly Automotive Stock Performance

Shares of NASDAQ ORLY traded down $0.06 during mid-day trading on Thursday, reaching $103.99. The company had a trading volume of 2,960,469 shares, compared to its average volume of 4,525,151. The company has a market capitalization of $88.24 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 2.75 and a beta of 0.56. The stock has a fifty day moving average of $96.38 and a two-hundred day moving average of $92.60. O'Reilly Automotive, Inc. has a 12-month low of $73.11 and a 12-month high of $104.86.

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

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm'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 transaction of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares in the company, 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 quarter, insiders have sold 155,635 shares of company stock valued at $15,461,816. 1.01% of the stock is currently owned by company 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.