O'Reilly Automotive, Inc. $ORLY Stock Purchased by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its O’Reilly Automotive stake by 15.1% in the third quarter, adding 15,546 shares to bring its holdings to 118,726 shares, valued at about $10.14 million.
• Institutional investors and hedge funds own 85% of O’Reilly’s shares. The company beat quarterly estimates, reporting EPS of $0.97 and revenue of $5.12 billion, with revenue up 8.8% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $108. Recent insider sales included the chairman’s sale of 138,705 shares and an SVP’s sale of 7,750 shares.

AlphaCore Capital LLC boosted its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 15.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 118,726 shares of the specialty retailer's stock after purchasing an additional 15,546 shares during the period. AlphaCore Capital LLC's holdings in O'Reilly Automotive were worth $10,140,000 at the end of the most recent quarter.

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

O'Reilly Automotive Stock Performance

ORLY opened at $89.79 on Tuesday. The business's 50-day simple moving average is $87.36 and its 200-day simple moving average is $90.39. The stock has a market capitalization of $72.64 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55. O'Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $102.46.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.02 billion. O'Reilly Automotive had a negative return on equity of 188.24% and a net margin of 14.27%. The firm's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 3.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORLY shares. Evercore reaffirmed an "outperform" rating on shares of O'Reilly Automotive in a report on Monday, October 26th. Robert W. Baird set a $100.00 price target on shares of O'Reilly Automotive and gave the stock a "neutral" rating in a report on Friday, July 31st. UBS Group reaffirmed a "buy" rating and set a $122.00 price objective (up from $120.00) on shares of O'Reilly Automotive in a research report on Thursday, October 29th. Morgan Stanley lowered their target price on shares of O'Reilly Automotive from $112.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Finally, Roth Capital reissued a "buy" rating and issued a $111.00 target price (up from $109.00) on shares of O'Reilly Automotive in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $108.00.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Larry Gray sold 7,750 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $90.22, for a total value of $699,205.00. Following the completion of the transaction, the senior vice president owned 4,971 shares in the company, valued at approximately $448,483.62. This represents a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Gregory L. Henslee sold 138,705 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $91.75, for a total value of $12,726,183.75. Following the completion of the sale, the chairman directly owned 241,950 shares of the company's stock, valued at approximately $22,198,912.50. This trade represents a 36.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 153,655 shares of company stock valued at $14,085,983. Insiders own 0.77% of the company's stock.

O'Reilly Automotive Company Profile

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools and accessories. Its products serve both do-it-yourself customers maintaining their own vehicles and professional repair shops.

The company also offers services such as battery testing, check-engine-light code reading and parts installation assistance. Its operations include retail stores and distribution centers that support customers and professional service providers.

Founded in 1957 by Charles F.

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