O’Reilly Automotive, Inc. $ORLY Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,501.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 373,697 shares of the specialty retailer’s stock after acquiring an additional 350,362 shares during the period. Assetmark Inc.’s holdings in O’Reilly Automotive were worth $33,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORLY. Lindbrook Capital LLC grew its holdings in shares of O’Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock worth $448,000 after purchasing an additional 8 shares during the period. Geneos Wealth Management Inc. lifted its position in O’Reilly Automotive by 1.2% in the first quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 8 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in O’Reilly Automotive by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer’s stock valued at $317,000 after buying an additional 9 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in O’Reilly Automotive by 2.3% during the first quarter. Foundations Investment Advisors LLC now owns 395 shares of the specialty retailer’s stock worth $566,000 after buying an additional 9 shares during the period. Finally, Hemington Wealth Management increased its position in shares of O’Reilly Automotive by 4.5% during the first quarter. Hemington Wealth Management now owns 207 shares of the specialty retailer’s stock valued at $296,000 after acquiring an additional 9 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares of the company’s stock, valued at approximately $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 91,080 shares of company stock worth $9,341,746. 1.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of several recent analyst reports. Mizuho set a $112.00 price objective on shares of O’Reilly Automotive in a report on Monday, October 20th. Barclays set a $91.00 target price on O’Reilly Automotive and gave the company an “equal weight” rating in a research report on Monday. UBS Group restated a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Citigroup boosted their price objective on O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Truist Financial set a $109.00 target price on O’Reilly Automotive in a research note on Friday, October 24th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.28.

O’Reilly Automotive Price Performance

ORLY stock opened at $95.15 on Friday. The business’s 50-day moving average is $102.99 and its two-hundred day moving average is $96.80. The firm has a market capitalization of $80.73 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.48 and a beta of 0.60. O’Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71.

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, topping analysts’ consensus estimates of $0.83 by $0.02. The business 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 business’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 expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

O’Reilly Automotive Company 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.