O’Reilly Automotive, Inc. $ORLY Shares Sold by Provident Investment Management Inc.

Provident Investment Management Inc. cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.2% during the third quarter, Holdings Channel.com reports. The fund owned 336,820 shares of the specialty retailer’s stock after selling 38,219 shares during the period. O’Reilly Automotive comprises approximately 2.9% of Provident Investment Management Inc.’s holdings, making the stock its 16th biggest position. Provident Investment Management Inc.’s holdings in O’Reilly Automotive were worth $28,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC boosted its position in O’Reilly Automotive by 54.3% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. WealthBridge Capital Management LLC grew its holdings in O’Reilly Automotive by 1.6% in the third quarter. WealthBridge Capital Management LLC now owns 8,106 shares of the specialty retailer’s stock valued at $692,000 after purchasing an additional 125 shares during the period. Pointe Capital Management LLC grew its holdings in O’Reilly Automotive by 1.2% in the second quarter. Pointe Capital Management LLC now owns 10,447 shares of the specialty retailer’s stock valued at $962,000 after purchasing an additional 127 shares during the period. Louisbourg Investments Inc. grew its holdings in O’Reilly Automotive by 49.2% in the first quarter. Louisbourg Investments Inc. now owns 391 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 129 shares during the period. Finally, BIP Wealth LLC increased its position in shares of O’Reilly Automotive by 3.0% in the third quarter. BIP Wealth LLC now owns 4,807 shares of the specialty retailer’s stock valued at $411,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY opened at $89.92 on Monday. The company has a market cap of $72.74 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. O’Reilly Automotive, Inc. has a twelve month low of $82.59 and a twelve month high of $102.46. The company has a 50-day moving average price of $87.23 and a 200 day moving average price of $89.17.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. O’Reilly Automotive had a negative return on equity of 232.45% and a net margin of 14.27%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the firm posted $0.78 EPS. O’Reilly Automotive’s revenue was up 8.1% compared to the same quarter last year. O’Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. As a group, sell-side analysts expect that O’Reilly Automotive, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORLY shares. Morgan Stanley cut their price objective on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $110.00 target price (down from $115.00) on shares of O’Reilly Automotive in a research report on Friday, July 31st. Robert W. Baird set a $100.00 price target on shares of O’Reilly Automotive and gave the company a “neutral” rating in a research note on Friday, July 31st. Wells Fargo & Company set a $100.00 price target on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, TD Cowen cut their price target on shares of O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating for the company in a report on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.32.

Insider Activity

In related news, SVP Christopher Mancini sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total transaction of $279,000.00. Following the completion of the sale, the senior vice president directly owned 189 shares in the company, valued at approximately $17,577. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the sale, the director owned 18,675 shares of the company’s stock, valued at $1,640,225.25. The trade was a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,000 shares of company stock worth $550,530 over the last quarter. 0.77% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves both do-it-yourself customers and professional service technicians, offering products used for vehicle maintenance, repair and customization. Its merchandise includes replacement parts, batteries, filters, lighting products, shop equipment, automotive chemicals and related accessories.

Founded in 1957 by the O’Reilly family, the company began as a single store in Springfield, Missouri.