Cercano Management LLC Trims Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Cercano Management LLC decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 38.6% during the third quarter, HoldingsChannel reports. The fund owned 95,435 shares of the specialty retailer’s stock after selling 60,072 shares during the quarter. Cercano Management LLC’s holdings in O’Reilly Automotive were worth $10,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in ORLY. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 79,271,530 shares of the specialty retailer’s stock worth $8,546,264,000 after purchasing an additional 436,563 shares during the period. State Street Corp grew its stake in O’Reilly Automotive by 1,424.2% during 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 acquiring an additional 34,740,553 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in O’Reilly Automotive by 1,317.8% during the 2nd 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 period. Finally, Jennison Associates LLC lifted its stake in 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 purchasing an additional 13,382,074 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Down 4.2%

O’Reilly Automotive stock opened at $92.60 on Wednesday. The firm has a fifty day simple moving average of $94.40 and a two-hundred day simple moving average of $98.99. O’Reilly Automotive, Inc. has a twelve month low of $85.55 and a twelve month high of $108.71. The company has a market capitalization of $78.16 billion, a PE ratio of 31.25, a P/E/G ratio of 2.16 and a beta of 0.62.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 4th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 239.04%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the business posted $9.50 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2026 guidance at 3.100-3.200 EPS. As a group, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Wednesday, November 5th. Evercore reissued an “outperform” rating on shares of O’Reilly Automotive in a report on Friday, January 30th. Truist Financial set a $107.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, February 6th. Robert W. Baird lowered shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and set a $96.00 target price for the company. in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of O’Reilly Automotive from $114.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.26.

Insider Buying and Selling

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the 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 completion of the sale, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares in the company, valued at approximately $485,190. The trade was a 42.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.01% of the stock is owned by insiders.

About O’Reilly Automotive

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.