Prescott Group Capital Management L.L.C. Acquires 67,515 Shares of O’Reilly Automotive, Inc. $ORLY

Prescott Group Capital Management L.L.C. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,428.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,240 shares of the specialty retailer’s stock after acquiring an additional 67,515 shares during the period. O’Reilly Automotive makes up about 0.8% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 26th largest holding. Prescott Group Capital Management L.L.C.’s holdings in O’Reilly Automotive were worth $6,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Lindbrook Capital LLC grew 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 valued at $448,000 after buying an additional 8 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock worth $953,000 after purchasing an additional 8 shares during the period. Journey Strategic Wealth LLC increased its holdings in shares of O’Reilly Automotive by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock worth $317,000 after purchasing an additional 9 shares during the period. Foundations Investment Advisors LLC raised its position in shares of O’Reilly Automotive by 2.3% in the first quarter. Foundations Investment Advisors LLC now owns 395 shares of the specialty retailer’s stock worth $566,000 after buying an additional 9 shares in the last quarter. Finally, Hemington Wealth Management boosted its stake in O’Reilly Automotive by 4.5% during the first quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock valued at $296,000 after buying an additional 9 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the completion of the transaction, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,205 shares of company stock valued at $9,423,501. 1.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wolfe Research began coverage on O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target on the stock. DA Davidson upped their target price on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. BMO Capital Markets raised 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. Argus initiated coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Morgan Stanley raised their price target on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Moderate Buy” and a consensus target price of $111.89.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $97.09 on Friday. The business’s 50 day moving average price is $101.93 and its 200-day moving average price is $96.91. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71. The firm has a market cap of $82.38 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the firm earned $11.41 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current 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.