O’Reilly Automotive, Inc. $ORLY Stake Lifted by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,537.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,517 shares of the specialty retailer’s stock after buying an additional 6,119 shares during the period. Perennial Investment Advisors LLC’s holdings in O’Reilly Automotive were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORLY. Kingsview Wealth Management LLC grew its holdings in shares of O’Reilly Automotive by 111.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 471 shares of the specialty retailer’s stock worth $675,000 after acquiring an additional 248 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in O’Reilly Automotive by 17.3% during the first quarter. Diversify Advisory Services LLC now owns 210 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 31 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of O’Reilly Automotive by 5.3% in the 1st quarter. Private Advisor Group LLC now owns 3,326 shares of the specialty retailer’s stock valued at $4,765,000 after acquiring an additional 168 shares in the last quarter. IFP Advisors Inc grew its position in O’Reilly Automotive by 14.9% during the 1st quarter. IFP Advisors Inc now owns 1,540 shares of the specialty retailer’s stock worth $2,213,000 after purchasing an additional 200 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in O’Reilly Automotive during the 1st quarter valued at $231,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the completion of the transaction, the director owned 8,125 shares of the company’s stock, valued at $752,375. This represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

ORLY has been the subject of several recent analyst reports. Guggenheim raised their target price on O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Truist Financial set a $109.00 target price on O’Reilly Automotive in a research note on Friday, October 24th. The Goldman Sachs Group set a $121.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Friday, October 24th. Evercore ISI raised their price target on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, TD Cowen boosted 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 report on Monday, September 15th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.89.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $98.33 on Wednesday. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71. The stock’s 50 day simple moving average is $101.06 and its 200 day simple moving average is $97.25. The company has a market capitalization of $83.00 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 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 analyst estimates of $4.69 billion. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal 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.