Waycross Partners LLC Has $2.70 Million Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Waycross Partners LLC significantly increased its stake in O'Reilly Automotive, boosting its position by 1,400.0% to own 30,000 shares valued at approximately $2.70 million.
• O'Reilly Automotive's latest quarterly earnings reported $0.78 EPS, matching consensus estimates, with revenue of $4.53 billion, up 5.9% year-over-year.
• Analysts have a positive outlook on O'Reilly Automotive, with a consensus price target of $107.17 and a majority rating of "Buy" from multiple research firms.

Waycross Partners LLC lifted its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,400.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the specialty retailer's stock after buying an additional 28,000 shares during the quarter. Waycross Partners LLC's holdings in O'Reilly Automotive were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ORLY. Bank Pictet & Cie Europe AG raised its stake in O'Reilly Automotive by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 35,291 shares of the specialty retailer's stock valued at $41,848,000 after purchasing an additional 1,208 shares during the last quarter. Two Sigma Advisers LP acquired a new position in O'Reilly Automotive during the 4th quarter valued at $1,660,000. Carolinas Wealth Consulting LLC raised its stake in O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock valued at $76,000 after purchasing an additional 8 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in O'Reilly Automotive during the 4th quarter valued at $54,399,000. Finally, Castle Rock Wealth Management LLC acquired a new position in O'Reilly Automotive during the 4th quarter valued at $189,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Stock Up 0.3%

Shares of NASDAQ ORLY opened at $103.73 on Wednesday. The firm's 50-day simple moving average is $101.83 and its 200 day simple moving average is $94.77. The company has a market cap of $88.01 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. O'Reilly Automotive, Inc. has a 12-month low of $73.33 and a 12-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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company earned $10.55 EPS. The firm's quarterly 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. On average, equities analysts expect that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insider Buying and Selling at O'Reilly Automotive

In other O'Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares in the company, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORLY has been the subject of several research analyst reports. Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Evercore ISI boosted their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets boosted their price target on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Wolfe Research assumed coverage on shares of O'Reilly Automotive in a report on Thursday, September 18th. They issued an "outperform" rating and a $121.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $107.17.

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.

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