Carnegie Investment Counsel Has $46.36 Million Position in O’Reilly Automotive, Inc. $ORLY

Carnegie Investment Counsel raised its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,392.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 514,369 shares of the specialty retailer’s stock after acquiring an additional 479,908 shares during the quarter. O’Reilly Automotive comprises 0.9% of Carnegie Investment Counsel’s holdings, making the stock its 19th biggest holding. Carnegie Investment Counsel’s holdings in O’Reilly Automotive were worth $46,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORLY. William Blair Investment Management LLC increased its stake in shares of O’Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after purchasing an additional 3,285,249 shares during the last quarter. TD Asset Management Inc increased its stake in shares of O’Reilly Automotive by 1,214.0% during the 2nd quarter. TD Asset Management Inc now owns 2,158,740 shares of the specialty retailer’s stock worth $194,567,000 after purchasing an additional 1,994,449 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of O’Reilly Automotive by 1,052.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after purchasing an additional 1,573,010 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of O’Reilly Automotive by 1,385.2% during the 2nd 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of O’Reilly Automotive by 1,438.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after purchasing an additional 1,298,307 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $98.27 on Friday. The company has a market capitalization of $83.38 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.67 and a beta of 0.60. The company has a 50-day simple moving average of $103.66 and a 200 day simple moving average of $96.55. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 190.20%. O’Reilly Automotive’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Sell-side analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ORLY shares. Morgan Stanley boosted their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday. Guggenheim boosted their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. UBS Group restated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research note on Wednesday, October 15th. Barclays reaffirmed an “equal weight” rating and set a $86.00 target price on shares of O’Reilly Automotive in a report on Friday, July 25th. Finally, Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a report on Monday. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.12.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 5,050 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company’s stock, valued at $284,925.32. The trade was a 63.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by company insiders.

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.