O’Reilly Automotive, Inc. $ORLY Stock Position Decreased by Parnassus Investments LLC

Parnassus Investments LLC lowered its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 666,374 shares of the specialty retailer’s stock after selling 23,039 shares during the period. Parnassus Investments LLC owned about 0.08% of O’Reilly Automotive worth $71,842,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ORLY. Vanguard Group Inc. boosted its position in O’Reilly Automotive by 1,404.9% during the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock valued at $7,105,396,000 after purchasing an additional 73,596,571 shares during the period. State Street Corp lifted its stake in O’Reilly Automotive by 1,424.2% in the second quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after buying an additional 34,740,553 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of O’Reilly Automotive by 1,443.1% during the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock valued at $2,130,866,000 after acquiring an additional 22,144,563 shares during the period. Bank of New York Mellon Corp grew its position in shares of O’Reilly Automotive by 1,317.8% during the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after acquiring an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of O’Reilly Automotive by 1,820.9% in the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after acquiring an additional 13,382,074 shares during the period. 85.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a research report on Friday, October 24th. Mizuho set a $112.00 price target on shares of O’Reilly Automotive in a research report on Monday, October 20th. Finally, Morgan Stanley increased their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $93.80 on Friday. The stock has a market capitalization of $79.18 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.94 and a beta of 0.63. O’Reilly Automotive, Inc. has a 1-year low of $79.58 and a 1-year high of $108.71. The company has a 50 day moving average price of $95.51 and a 200 day moving average price of $98.32.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.71 billion during 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, sell-side analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. This trade represents a 42.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the transaction, the senior vice president owned 28 shares in the company, valued at approximately $2,836.68. The trade was a 98.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.