O’Reilly Automotive, Inc. $ORLY Shares Acquired by CX Institutional

CX Institutional lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,379.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,714 shares of the specialty retailer’s stock after purchasing an additional 3,463 shares during the period. CX Institutional’s holdings in O’Reilly Automotive were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORLY. Congress Asset Management Co. increased its position in shares of O’Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after purchasing an additional 1,474,068 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of O’Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock worth $69,031,000 after purchasing an additional 714,953 shares in the last quarter. Nuveen LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $897,549,000. Argent Capital Management LLC increased its position in shares of O’Reilly Automotive by 1,379.2% during the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer’s stock worth $54,721,000 after purchasing an additional 566,087 shares in the last quarter. Finally, Woodstock Corp increased its position in shares of O’Reilly Automotive by 1,376.6% during the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer’s stock worth $52,770,000 after purchasing an additional 545,839 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Buying and Selling

In related news, SVP Carl David Wilbanks sold 88,485 shares of the company’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 sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 in the last quarter. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ORLY shares. Cowen reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Wells Fargo & Company boosted their price target on O’Reilly Automotive from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. DA Davidson boosted their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 25th. BMO Capital Markets boosted their price target on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Wolfe Research initiated coverage on O’Reilly Automotive in a research 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $107.17.

O’Reilly Automotive Price Performance

ORLY opened at $106.10 on Friday. The stock has a market cap of $90.03 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.80 and a beta of 0.60. The stock’s 50 day simple moving average is $102.61 and its 200 day simple moving average is $95.11. O’Reilly Automotive, Inc. has a 1-year low of $75.91 and a 1-year high of $108.42.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (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 analyst estimates of $4.54 billion. During the same quarter in the prior year, the company earned $10.55 EPS. 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. Research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.