Mirae Asset Global Investments Co. Ltd. Grows Position in O’Reilly Automotive, Inc. $ORLY

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,487.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,334 shares of the specialty retailer’s stock after buying an additional 317,952 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in O’Reilly Automotive were worth $30,584,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORLY. Vanguard Group Inc. grew its holdings in shares of O’Reilly Automotive by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the period. Wellington Management Group LLP grew its holdings in shares of O’Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer’s stock valued at $2,757,148,000 after purchasing an additional 330,964 shares during the period. Congress Asset Management Co. grew its holdings in shares of O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock valued at $142,449,000 after purchasing an additional 1,474,068 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock valued at $125,150,000 after purchasing an additional 1,298,307 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of O’Reilly Automotive by 1,403.1% in the second quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock valued at $69,031,000 after purchasing an additional 714,953 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ORLY shares. Argus started coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective for the company. Guggenheim upped their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 25th. Evercore ISI upped their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Finally, TD Cowen increased their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, O’Reilly Automotive has a consensus rating of “Buy” and a consensus price target of $107.17.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the sale, the senior vice president owned 2,876 shares of the company’s stock, valued at $284,925.32. This trade represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last ninety days. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $104.79 on Friday. The stock has a market capitalization of $88.91 billion, a PE ratio of 37.46, a P/E/G ratio of 2.77 and a beta of 0.60. O’Reilly Automotive, Inc. has a 1 year low of $76.10 and a 1 year high of $108.71. The company’s 50-day simple moving average is $103.61 and its 200-day simple moving average is $95.68.

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