King Luther Capital Management Corp Increases Position in O’Reilly Automotive, Inc. $ORLY

King Luther Capital Management Corp grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,379.3% during the second quarter, Holdings Channel reports. The firm owned 2,106,787 shares of the specialty retailer’s stock after acquiring an additional 1,964,366 shares during the quarter. King Luther Capital Management Corp’s holdings in O’Reilly Automotive were worth $189,885,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake 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 in the last quarter. Jennison Associates LLC increased its stake in O’Reilly Automotive by 1,820.9% during the second 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 during the period. Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of O’Reilly Automotive by 1,558.2% in the second quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock valued at $392,630,000 after purchasing an additional 4,093,545 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of O’Reilly Automotive by 1,388.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after purchasing an additional 3,594,612 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLY has been the topic of a number of research reports. Truist Financial set a $109.00 target price on shares of O’Reilly Automotive in a report on Friday, October 24th. Evercore ISI upped their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Guggenheim lifted their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Raymond James Financial upgraded 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. Finally, Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Nineteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.89.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were 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 $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,205 shares of company stock worth $9,423,501 over the last three months. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

NASDAQ:ORLY opened at $97.09 on Friday. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The firm has a market capitalization of $82.38 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. The business’s fifty day moving average price is $101.93 and its 200 day moving average price is $96.91.

O’Reilly Automotive (NASDAQ:ORLY) last announced 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. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the previous year, the business earned $11.41 EPS. O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.