Seascape Capital Management Acquires 44,868 Shares of 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 increased its holdings in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,351.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,187 shares of the specialty retailer's stock after purchasing an additional 44,868 shares during the quarter. O'Reilly Automotive accounts for 1.4% of Seascape Capital Management's holdings, making the stock its 25th biggest position. Seascape Capital Management's holdings in O'Reilly Automotive were worth $4,343,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ORLY. Salvus Wealth Management LLC grew its stake in shares of O'Reilly Automotive by 1,374.8% in the second quarter. Salvus Wealth Management LLC now owns 21,060 shares of the specialty retailer's stock valued at $1,898,000 after buying an additional 19,632 shares in the last quarter. Acropolis Investment Management LLC grew its stake in shares of O'Reilly Automotive by 1,377.7% in the second quarter. Acropolis Investment Management LLC now owns 23,052 shares of the specialty retailer's stock valued at $2,078,000 after buying an additional 21,492 shares in the last quarter. KFG Wealth Management LLC grew its stake in shares of O'Reilly Automotive by 1,475.8% in the second quarter. KFG Wealth Management LLC now owns 7,217 shares of the specialty retailer's stock valued at $650,000 after buying an additional 6,759 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of O'Reilly Automotive by 1,553.9% in the second quarter. GAMMA Investing LLC now owns 21,037 shares of the specialty retailer's stock valued at $1,896,000 after buying an additional 19,765 shares in the last quarter. Finally, S.A. Mason LLC grew its stake in shares of O'Reilly Automotive by 1,295.8% in the second quarter. S.A. Mason LLC now owns 20,085 shares of the specialty retailer's stock valued at $1,810,000 after buying an additional 18,646 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ORLY shares. Wolfe Research started coverage on shares of O'Reilly Automotive in a research note on Thursday. They issued an "outperform" rating and a $121.00 target price for the company. Citigroup raised their price target on O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada raised their price target on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Argus began coverage on O'Reilly Automotive in a report on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price for the company. Finally, DA Davidson lifted their target price on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $107.17.

Insider Buying and Selling

In related news, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total value of $2,898,866.25. Following the completion of the sale, the senior vice president owned 4,234 shares of the company's stock, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock valued at $12,740,916 in the last 90 days. 1.01% of the stock is owned by insiders.

O'Reilly Automotive Trading Up 0.2%

Shares of O'Reilly Automotive stock opened at $103.93 on Monday. The stock has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $94.60. O'Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-month high of $108.42. The company has a market capitalization of $88.18 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

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, meeting 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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the firm earned $10.55 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts predict that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O'Reilly Automotive Profile

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.

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