NorthCrest Asset Manangement LLC Purchases 56,411 Shares of O’Reilly Automotive, Inc. $ORLY

NorthCrest Asset Manangement LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,356.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,571 shares of the specialty retailer’s stock after purchasing an additional 56,411 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in O’Reilly Automotive were worth $5,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC lifted its holdings 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 worth $76,000 after buying an additional 8 shares in the last quarter. Marcum Wealth LLC increased its position in shares of O’Reilly Automotive by 4.0% in the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC increased its position in shares of O’Reilly Automotive by 1.9% in the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC increased its holdings in O’Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock worth $342,000 after purchasing an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in O’Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 8 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price objective on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Citigroup increased their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Truist Financial raised their target price on shares of O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Guggenheim lifted their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Cowen restated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday. Two research 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 data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $107.17.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $103.69 on Friday. O’Reilly Automotive, Inc. has a one year low of $73.33 and a one year high of $108.42. The company has a market cap of $87.98 billion, a PE ratio of 37.07, a PEG ratio of 2.76 and a beta of 0.60. The firm has a 50-day moving average of $101.12 and a 200-day moving average of $94.43.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were 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 approximately $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company’s stock.

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.