Wendell David Associates Inc. Buys 53,119 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Wendell David Associates Inc. significantly increased its stake in O'Reilly Automotive, acquiring an additional 53,119 shares, representing a 1,390.2% increase during the 2nd quarter.
• O'Reilly Automotive's latest quarterly earnings report indicated earnings per share of $0.78, matching analysts' expectations, with a net margin of 14.15%.
• Analysts have varying price targets for O'Reilly Automotive's stock, with Citigroup raising its target to $114.00 and Wolfe Research initiating coverage with a target of $121.00.

Wendell David Associates Inc. raised its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,390.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,940 shares of the specialty retailer's stock after acquiring an additional 53,119 shares during the quarter. Wendell David Associates Inc.'s holdings in O'Reilly Automotive were worth $5,132,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ORLY. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive in the 1st quarter valued at about $25,000. HWG Holdings LP bought a new position in O'Reilly Automotive in the 1st quarter valued at about $26,000. Oakworth Capital Inc. raised its holdings in O'Reilly Automotive by 1,257.1% in the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 264 shares during the period. HighMark Wealth Management LLC raised its holdings in O'Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 280 shares during the period. Finally, ORG Partners LLC raised its holdings in O'Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 277 shares during the period. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Trading Up 0.4%

NASDAQ ORLY opened at $101.60 on Friday. The firm has a market capitalization of $86.21 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 2.68 and a beta of 0.60. The firm's 50 day simple moving average is $103.82 and its 200 day simple moving average is $96.35. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted 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. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ORLY shares. Weiss Ratings reissued a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday, October 8th. Citigroup increased their target price on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Barclays restated an "equal weight" rating and set a $86.00 target price on shares of O'Reilly Automotive in a research report on Friday, July 25th. Wolfe Research began coverage on shares of O'Reilly Automotive in a research report on Thursday, September 18th. They set an "outperform" rating and a $121.00 target price on the stock. Finally, BMO Capital Markets increased their target price on shares of O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.12.

Insider Activity

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at $284,925.32. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

O'Reilly Automotive Company 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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