O'Reilly Automotive, Inc. $ORLY Shares Sold by Schwartz Investment Counsel Inc.

Key Points

• Schwartz Investment Counsel reduced its O’Reilly Automotive stake by 5.3% in the third quarter, selling 35,000 shares and retaining 630,000 shares worth approximately $53.8 million. Institutional investors collectively own about 85% of ORLY.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $108.11; Bank of America initiated coverage with a Buy rating and a $106 target, while Evercore ISI reduced its target to $110 from $115.
• O’Reilly’s latest quarter showed 8.1% year-over-year revenue growth to $4.89 billion, with earnings of $0.86 per share matching estimates. Investors are focused on upcoming results, including sales trends, margins, and the company’s full-year outlook.

Schwartz Investment Counsel Inc. reduced its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630,000 shares of the specialty retailer's stock after selling 35,000 shares during the quarter. O'Reilly Automotive makes up approximately 1.9% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its 16th largest position. Schwartz Investment Counsel Inc. owned about 0.08% of O'Reilly Automotive worth $53,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ORLY. BlackRock Inc. acquired a new stake in shares of O'Reilly Automotive in the 2nd quarter worth $5,950,042,000. Bank of New York Mellon Corp purchased a new position in shares of O'Reilly Automotive during the 2nd quarter worth $1,023,936,000. Bank of America Corp DE acquired a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $721,747,000. Jupiter Topco LLC acquired a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $579,757,000. Finally, Legal & General Group Plc acquired a new position in shares of O'Reilly Automotive during the 2nd quarter valued at about $439,123,000. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Thomas Hendrickson sold 1,000 shares of O'Reilly Automotive stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $87.83, for a total value of $87,830.00. Following the completion of the sale, the director owned 18,675 shares in the company, valued at approximately $1,640,225.25. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the sale, the director directly owned 14,970 shares in the company, valued at approximately $1,374,994.50. The trade was a 11.79% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,000 shares of company stock valued at $550,530. Company insiders own 0.77% of the company's stock.

More O'Reilly Automotive News

Here are the key news stories impacting O'Reilly Automotive this week:

• Positive Sentiment: O'Reilly Automotive recently moved above its 200-day moving average after finding support, a technical development that suggests improving long-term momentum. O'Reilly Automotive Crossed Above the 200-Day Moving Average
• Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $106 price target, implying meaningful upside from the recent trading level. The firm also said O'Reilly, AutoZone, and Advance Auto Parts could benefit on a net basis from inflation, potentially through higher prices and resilient demand for vehicle maintenance.
• Neutral Sentiment: Investors are focused on the upcoming third-quarter earnings report. Key issues will include sales growth, comparable-store trends, margins, and whether management maintains its full-year outlook. The company’s latest reported quarter showed revenue growth of 8.1% and earnings in line with estimates.
• Neutral Sentiment: A long-term performance article highlights O'Reilly Automotive’s substantial wealth creation over the past decade, reinforcing the company’s history of strong execution but offering limited information about near-term earnings or valuation.
• Neutral Sentiment: Reported October short interest was listed at zero shares, producing a zero-day short-interest ratio. If accurate, this suggests limited short-selling activity, although the figure may reflect a reporting or data anomaly.
• Negative Sentiment: Evercore ISI lowered its price target to $110 from $115. Although the revised target remains above the current market level, the cut signals somewhat reduced expectations for future upside. Evercore ISI Adjusts Price Target

Wall Street Analysts Forecast Growth

ORLY has been the subject of a number of analyst reports. Bank of America assumed coverage on shares of O'Reilly Automotive in a report on Monday. They issued a "buy" rating and a $106.00 price objective for the company. Wolfe Research set a $98.00 target price on shares of O'Reilly Automotive in a research note on Wednesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $111.00 target price (up from $110.00) on shares of O'Reilly Automotive in a report on Tuesday, October 20th. Raymond James Financial reiterated an "outperform" rating and issued a $110.00 target price (down from $115.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. Finally, Robert W. Baird set a $100.00 price target on shares of O'Reilly Automotive and gave the company a "neutral" rating in a research note on Friday, July 31st. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, O'Reilly Automotive has a consensus rating of "Moderate Buy" and a consensus target price of $108.11.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $89.82 on Wednesday. The stock has a market capitalization of $72.66 billion, a P/E ratio of 28.61 and a beta of 0.54. The firm's 50-day moving average is $87.28 and its two-hundred day moving average is $90.60. O'Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $102.46.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share for the quarter, meeting analysts' consensus estimates of $0.86. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. O'Reilly Automotive's revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 3.28 EPS 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.

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