Walker Asset Management LLC Buys 136,931 Shares of O’Reilly Automotive, Inc. $ORLY

Walker Asset Management LLC boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,420.0% in the second quarter, Holdings Channel.com reports. The firm owned 146,574 shares of the specialty retailer’s stock after purchasing an additional 136,931 shares during the period. O’Reilly Automotive comprises 7.6% of Walker Asset Management LLC’s holdings, making the stock its 2nd largest holding. Walker Asset Management LLC’s holdings in O’Reilly Automotive were worth $13,211,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. lifted its holdings in shares of O’Reilly Automotive by 1,385.2% during the 2nd quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after buying an additional 1,474,068 shares during the last quarter. Farther Finance Advisors LLC raised its position in O’Reilly Automotive by 1,403.1% during the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock valued at $69,031,000 after acquiring an additional 714,953 shares in the last quarter. Nuveen LLC acquired a new stake in O’Reilly Automotive in the first quarter valued at approximately $897,549,000. Argent Capital Management LLC grew its position in O’Reilly Automotive by 1,379.2% in the second quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer’s stock worth $54,721,000 after acquiring an additional 566,087 shares in the last quarter. Finally, Woodstock Corp grew its position in O’Reilly Automotive by 1,376.6% in the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer’s stock worth $52,770,000 after acquiring an additional 545,839 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark Joseph Merz sold 5,050 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the transaction, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock valued at $12,740,916 in the last quarter. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Up 1.5%

ORLY opened at $106.10 on Monday. The stock’s 50 day moving average price is $102.61 and its two-hundred day moving average price is $95.18. The firm has a market capitalization of $90.03 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60. O’Reilly Automotive, Inc. has a 12-month low of $75.91 and a 12-month high of $108.42.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORLY shares. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Royal Bank Of Canada boosted their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Evercore ISI increased their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price for the company. Finally, BMO Capital Markets increased their price target on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $107.17.

About O’Reilly Automotive

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.