Hodges Capital Management Inc. Buys New Stake in O’Reilly Automotive, Inc. $ORLY

Hodges Capital Management Inc. acquired a new stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the first quarter, HoldingsChannel.com reports. The firm acquired 200 shares of the specialty retailer’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC lifted its holdings in shares of O’Reilly Automotive by 14.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 8 shares during the period. Marcum Wealth LLC boosted its position in O’Reilly Automotive by 4.0% in the first quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 8 shares in the last quarter. Adero Partners LLC boosted its position in O’Reilly Automotive by 1.9% in the first quarter. Adero Partners LLC now owns 425 shares of the specialty retailer’s stock valued at $609,000 after buying an additional 8 shares in the last quarter. Avior Wealth Management LLC boosted its position in O’Reilly Automotive by 3.5% in the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer’s stock valued at $342,000 after buying an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in O’Reilly Automotive by 2.6% in the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer’s stock valued at $448,000 after buying an additional 8 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling at O’Reilly Automotive

In related news, Director Maria Sastre sold 595 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 15,935 shares in the company, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ORLY. DA Davidson boosted their price target on shares of O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Barclays restated an “equal weight” rating and issued a $86.00 price target on shares of O’Reilly Automotive in a research report on Friday, July 25th. Royal Bank Of Canada boosted their price target on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Citigroup boosted their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Argus began coverage on shares of O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $104.40.

O’Reilly Automotive Trading Down 0.3%

Shares of ORLY stock opened at $107.50 on Friday. O’Reilly Automotive, Inc. has a 1 year low of $73.33 and a 1 year high of $108.42. The firm’s 50 day moving average is $100.11 and its 200-day moving average is $94.03. The firm has a market capitalization of $91.21 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.85 and a beta of 0.60.

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