Renaissance Group LLC Purchases 384,948 Shares of O’Reilly Automotive, Inc. $ORLY

Renaissance Group LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,318.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 414,147 shares of the specialty retailer’s stock after purchasing an additional 384,948 shares during the period. O’Reilly Automotive makes up approximately 1.5% of Renaissance Group LLC’s investment portfolio, making the stock its 15th biggest holding. Renaissance Group LLC’s holdings in O’Reilly Automotive were worth $37,327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ORLY. Oxbow Advisors LLC increased its position in shares of O’Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after acquiring an additional 58,828 shares during the period. Providence First Trust Co increased its holdings in O’Reilly Automotive by 1,433.6% during the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after purchasing an additional 6,408 shares during the period. Maryland State Retirement & Pension System raised its position in O’Reilly Automotive by 1,431.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after purchasing an additional 38,718 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of O’Reilly Automotive by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after buying an additional 75,125 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 1,063.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock worth $9,724,000 after buying an additional 98,616 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ORLY shares. BMO Capital Markets lifted their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Argus initiated coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price on the stock. Royal Bank Of Canada set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Friday, October 24th. TD Cowen increased their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a report on Monday, October 20th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

O’Reilly Automotive Stock Down 1.2%

NASDAQ ORLY opened at $98.33 on Wednesday. O’Reilly Automotive, Inc. has a 52 week low of $78.30 and a 52 week high of $108.71. The company has a 50 day moving average price of $101.06 and a 200 day moving average price of $97.25. The firm has a market cap of $83.00 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57.

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

Insider Buying and Selling

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.