Seascape Capital Management Boosts Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Seascape Capital Management significantly increased its holdings in O'Reilly Automotive by **1,351.9%** in Q2, purchasing an additional **44,868 shares** to reach a total of **48,187 shares** worth approximately **$4.34 million**.
• A number of other hedge funds also increased their stakes in O'Reilly, with increases ranging from **1,295.8% to 1,553.9%**, indicating a strong interest in the company's stock among institutional investors.
• Analysts maintain a **consensus rating of "Buy"** for O'Reilly Automotive, with multiple analysts raising their price targets, including Citigroup which increased its target from **$104.00 to $114.00**.

Seascape Capital Management raised its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,351.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,187 shares of the specialty retailer's stock after buying an additional 44,868 shares during the quarter. O'Reilly Automotive comprises about 1.4% of Seascape Capital Management's holdings, making the stock its 25th largest position. Seascape Capital Management's holdings in O'Reilly Automotive were worth $4,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORLY. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of O'Reilly Automotive by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer's stock valued at $33,227,000 after purchasing an additional 3,272 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of O'Reilly Automotive by 1.5% during 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 last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of O'Reilly Automotive by 33.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer's stock valued at $836,357,000 after purchasing an additional 147,904 shares during the last quarter. CCM Investment Group LLC acquired a new position in O'Reilly Automotive in the first quarter valued at $4,672,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in O'Reilly Automotive by 52.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,242 shares of the specialty retailer's stock worth $16,105,000 after purchasing an additional 3,866 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORLY. BMO Capital Markets raised their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Barclays reaffirmed an "equal weight" rating and set a $86.00 price objective on shares of O'Reilly Automotive in a research note on Friday, July 25th. TD Cowen boosted their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Cowen reaffirmed a "buy" rating on shares of O'Reilly Automotive in a report on Monday, September 15th. Finally, UBS Group boosted their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $107.17.

Insider Buying and Selling

In other O'Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company's stock, valued at approximately $284,925.32. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Down 0.5%

Shares of O'Reilly Automotive stock traded down $0.48 on Monday, hitting $103.45. The stock had a trading volume of 4,969,688 shares, compared to its average volume of 4,494,938. The business's 50 day moving average is $101.58 and its two-hundred day moving average is $94.71. The stock has a market cap of $87.78 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the business earned $10.55 earnings per share. O'Reilly Automotive's revenue was up 5.9% on a year-over-year basis. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, equities analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

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.