O'Reilly Automotive, Inc. $ORLY Stock Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. cut its O’Reilly Automotive position by 81.5% in the third quarter, selling 1.2 million shares and retaining 271,323 shares valued at approximately $23.2 million. Hedge funds and institutional investors still own about 85% of the stock.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $106.50, despite some target reductions and one downgrade to “Hold.”
• O’Reilly reported quarterly EPS of $0.86, matching estimates, while revenue rose 8.1% year over year to $4.89 billion. The stock traded at $85.14, near its 52-week low, while company insiders sold 6,000 shares worth about $550,530 over the prior 90 days.

Congress Asset Management Co. reduced its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 81.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,323 shares of the specialty retailer's stock after selling 1,198,825 shares during the quarter. Congress Asset Management Co.'s holdings in O'Reilly Automotive were worth $23,174,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Roth Capital reissued a "buy" rating and issued a $111.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 31st. TD Cowen reduced their target price on shares of O'Reilly Automotive from $117.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Wells Fargo & Company set a $100.00 price target on shares of O'Reilly Automotive in a research note on Friday, July 24th. Weiss Ratings downgraded shares of O'Reilly Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, August 27th. Finally, Citigroup reaffirmed a "buy" rating and issued a $106.00 price objective (up from $104.00) on shares of O'Reilly Automotive in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling at O'Reilly Automotive

In related news, Director Thomas Hendrickson sold 1,000 shares of O'Reilly Automotive stock in a transaction 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. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the transaction, the director owned 14,970 shares of the company's stock, 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. Insiders sold a total of 6,000 shares of company stock worth $550,530 in the last 90 days. 0.77% of the stock is owned by corporate insiders.

O'Reilly Automotive Trading Up 1.5%

O'Reilly Automotive stock opened at $85.14 on Wednesday. The stock has a fifty day moving average price of $88.14 and a 200 day moving average price of $89.40. O'Reilly Automotive, Inc. has a 52 week low of $82.59 and a 52 week high of $104.06. The firm has a market capitalization of $68.87 billion, a P/E ratio of 27.11, a PEG ratio of 2.08 and a beta of 0.54.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.86 billion. O'Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%.The firm's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, equities analysts predict that O'Reilly Automotive, Inc. will post 3.27 EPS for the current year.

About O'Reilly Automotive

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers as well as professional automotive service providers, offering products for vehicle maintenance, repair and customization.

Its merchandise includes replacement parts such as brakes, batteries, filters and engine components, along with lubricants, shop equipment, tools, accessories and related products. O'Reilly also provides services such as parts lookup, battery testing and recycling, loaner tools, and delivery to professional customers.

Founded in 1957 by the O'Reilly family in Springfield, Missouri, the company has grown from a single store into a large retail and distribution network serving customers throughout the United States and Mexico.

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