Mullooly Asset Management Inc. Increases Holdings in O’Reilly Automotive, Inc. $ORLY

Mullooly Asset Management Inc. lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,790 shares of the specialty retailer’s stock after buying an additional 19,404 shares during the quarter. O’Reilly Automotive makes up 0.8% of Mullooly Asset Management Inc.’s holdings, making the stock its 15th largest position. Mullooly Asset Management Inc.’s holdings in O’Reilly Automotive were worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. HWG Holdings LP purchased a new position in shares of O’Reilly Automotive in the 1st quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of O’Reilly Automotive in the 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its holdings in O’Reilly Automotive by 185.7% during the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after buying an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of O’Reilly Automotive during the first quarter worth approximately $30,000. Finally, Saudi Central Bank acquired a new stake in shares of O’Reilly Automotive in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other news, Director Maria Sastre sold 595 shares of the 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 sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $103.81, for a total value of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,635 shares of company stock worth $12,740,916 in the last quarter. Insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Down 1.1%

Shares of NASDAQ:ORLY opened at $100.76 on Thursday. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The company has a 50 day moving average of $103.81 and a two-hundred day moving average of $95.94. The company has a market capitalization of $85.49 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the company earned $10.55 earnings per share. O’Reilly Automotive’s revenue for the quarter 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 analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

Analyst Ratings Changes

ORLY has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Evercore ISI upped their price target on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Royal Bank Of Canada upped their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. DA Davidson upped their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $107.17.

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.