LRI Investments LLC Acquires 3,616 Shares of O’Reilly Automotive, Inc. $ORLY

LRI Investments LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 2,303.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,773 shares of the specialty retailer’s stock after buying an additional 3,616 shares during the period. LRI Investments LLC’s holdings in O’Reilly Automotive were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. Vaughan Nelson Investment Management L.P. lifted its stake in shares of O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after buying an additional 1,573,010 shares in the last quarter. Congress Asset Management Co. lifted its stake 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 worth $142,449,000 after buying an additional 1,474,068 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake 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 worth $125,150,000 after buying an additional 1,298,307 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of O’Reilly Automotive by 1,290.1% in the second quarter. DAVENPORT & Co LLC now owns 1,132,357 shares of the specialty retailer’s stock worth $101,627,000 after buying an additional 1,050,901 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of O’Reilly Automotive by 1,377.8% in the second quarter. Blair William & Co. IL now owns 1,079,612 shares of the specialty retailer’s stock worth $97,305,000 after buying an additional 1,006,559 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Stock Up 2.4%

Shares of O’Reilly Automotive stock opened at $102.15 on Monday. The firm has a market capitalization of $86.67 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.70 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71. The firm’s 50 day moving average is $103.90 and its two-hundred day moving average is $96.11.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday, October 8th. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective for the company. Argus initiated coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Guggenheim boosted 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. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $107.17.

Insider Buying and Selling at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 in the company, valued at approximately $415,990.50. This trade represents a 87.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the transaction, the director owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by insiders.

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.