Summit Asset Management LLC Has $671,000 Position in O’Reilly Automotive, Inc. $ORLY

Summit Asset Management LLC raised its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,440 shares of the specialty retailer’s stock after buying an additional 6,944 shares during the period. Summit Asset Management LLC’s holdings in O’Reilly Automotive were worth $671,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Amica Retiree Medical Trust boosted its holdings in O’Reilly Automotive by 1,400.0% in the second quarter. Amica Retiree Medical Trust now owns 2,505 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 2,338 shares during the last quarter. Midwest Trust Co bought a new position in O’Reilly Automotive during the 2nd quarter worth approximately $1,333,000. Amica Mutual Insurance Co. lifted its position in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. Amica Mutual Insurance Co. now owns 21,345 shares of the specialty retailer’s stock worth $1,924,000 after purchasing an additional 19,922 shares during the period. Flossbach Von Storch SE boosted its stake in shares of O’Reilly Automotive by 1,122.9% in the 2nd quarter. Flossbach Von Storch SE now owns 67,505 shares of the specialty retailer’s stock valued at $6,084,000 after purchasing an additional 61,985 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in shares of O’Reilly Automotive by 1,428.9% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 72,240 shares of the specialty retailer’s stock valued at $6,511,000 after purchasing an additional 67,515 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORLY. BMO Capital Markets lifted their target price on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Argus began coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price target for the company. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research note on Wednesday. Finally, Morgan Stanley raised their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $111.89.

Insider Activity

In related news, Director Maria Sastre sold 595 shares of O’Reilly Automotive stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the sale, the director owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. This trade represents 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, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the transaction, the director owned 8,125 shares in the company, valued at approximately $752,375. The trade was a 27.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,205 shares of company stock worth $9,423,501 over the last quarter. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Trading Up 2.2%

Shares of NASDAQ ORLY opened at $97.09 on Friday. The firm has a market capitalization of $82.38 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.48 and a beta of 0.57. The firm’s 50-day moving average price is $101.93 and its 200-day moving average price is $96.91. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating 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 business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.69 billion. During the same period in the previous year, the company posted $11.41 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.