JPMorgan Chase & Co. Boosts Stake in O’Reilly Automotive, Inc. $ORLY

JPMorgan Chase & Co. grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,651.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,078,170 shares of the specialty retailer’s stock after acquiring an additional 7,616,959 shares during the quarter. JPMorgan Chase & Co.’s holdings in O’Reilly Automotive were worth $728,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ORLY. Marvin & Palmer Associates Inc. grew its holdings in shares of O’Reilly Automotive by 1,270.4% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 32,465 shares of the specialty retailer’s stock worth $2,926,000 after purchasing an additional 30,096 shares during the period. DNB Asset Management AS lifted its position in O’Reilly Automotive by 1,480.2% during the second quarter. DNB Asset Management AS now owns 156,025 shares of the specialty retailer’s stock valued at $14,063,000 after buying an additional 146,151 shares in the last quarter. Swiss National Bank lifted its position in O’Reilly Automotive by 1,495.8% during the second quarter. Swiss National Bank now owns 2,598,000 shares of the specialty retailer’s stock valued at $234,158,000 after buying an additional 2,435,200 shares in the last quarter. Personal CFO Solutions LLC grew its stake in O’Reilly Automotive by 1,456.6% during the second quarter. Personal CFO Solutions LLC now owns 2,724 shares of the specialty retailer’s stock worth $246,000 after buying an additional 2,549 shares during the period. Finally, Marsico Capital Management LLC increased its position in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Marsico Capital Management LLC now owns 282,630 shares of the specialty retailer’s stock worth $25,473,000 after acquiring an additional 263,788 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORLY has been the topic of several recent research reports. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Wednesday, November 5th. Argus initiated coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective on the stock. Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Friday, October 24th. Morgan Stanley increased their target price on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, UBS Group reissued a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.89.

O’Reilly Automotive Price Performance

Shares of O’Reilly Automotive stock opened at $100.43 on Friday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The company has a market capitalization of $84.77 billion, a PE ratio of 34.79, a P/E/G ratio of 2.48 and a beta of 0.57. The business has a 50-day moving average of $100.62 and a 200-day moving average of $97.36.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly 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 firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the prior year, the business posted $11.41 earnings per share. O’Reilly Automotive’s revenue for the quarter was up 7.8% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. On average, equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 8,125 shares in the company, valued at approximately $752,375. This represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.