Mainsail Asset Management LLC Purchases 5,027 Shares of O’Reilly Automotive, Inc. $ORLY

Mainsail Asset Management LLC lifted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,404.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,385 shares of the specialty retailer’s stock after acquiring an additional 5,027 shares during the period. Mainsail Asset Management LLC’s holdings in O’Reilly Automotive were worth $485,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of O’Reilly Automotive by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,195 shares of the specialty retailer’s stock valued at $33,227,000 after purchasing an additional 3,272 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of O’Reilly Automotive by 1.5% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in O’Reilly Automotive by 33.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 583,812 shares of the specialty retailer’s stock valued at $836,357,000 after buying an additional 147,904 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in O’Reilly Automotive by 1,063.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after buying an additional 98,616 shares during the last quarter. Finally, CCM Investment Group LLC purchased a new position in O’Reilly Automotive during the first quarter valued at $4,672,000. 85.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wolfe Research assumed coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective for the company. Argus assumed coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Saturday, September 27th. TD Cowen lifted their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Royal Bank Of Canada lifted their price objective on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $107.17.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $101.85 on Wednesday. The company has a market cap of $86.42 billion, a P/E ratio of 36.41, a PEG ratio of 2.73 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. The stock’s fifty day moving average price is $103.79 and its 200-day moving average price is $95.91.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $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 anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Mark Joseph Merz sold 29,505 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the transaction, the senior vice president directly owned 4,234 shares of the company’s stock, valued at $415,990.50. This represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the company’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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock valued at $12,740,916. Company insiders own 1.01% of the company’s stock.

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.