O’Reilly Automotive, Inc. $ORLY Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,412.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 952,181 shares of the specialty retailer’s stock after buying an additional 889,245 shares during the period. Mackenzie Financial Corp owned 0.11% of O’Reilly Automotive worth $85,820,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ORLY. Loomis Sayles & Co. L P lifted its holdings in shares of O’Reilly Automotive by 1,190.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 2,555,995 shares of the specialty retailer’s stock worth $230,372,000 after purchasing an additional 2,357,916 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in O’Reilly Automotive by 1,008.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 194,235 shares of the specialty retailer’s stock worth $17,506,000 after buying an additional 176,714 shares during the last quarter. Silvant Capital Management LLC increased its position in O’Reilly Automotive by 1,369.8% in the second quarter. Silvant Capital Management LLC now owns 40,095 shares of the specialty retailer’s stock worth $3,614,000 after buying an additional 37,367 shares during the period. F m Investments LLC increased its position in O’Reilly Automotive by 1,343.3% in the second quarter. F m Investments LLC now owns 109,678 shares of the specialty retailer’s stock worth $9,885,000 after buying an additional 102,079 shares during the period. Finally, Norges Bank bought a new stake in O’Reilly Automotive in the second quarter valued at $974,515,000. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group restated a “buy” rating and set a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Morgan Stanley upped their target price on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Wells Fargo & Company set a $115.00 price target on O’Reilly Automotive and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group set a $121.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 24th. Nineteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.89.

Insider Activity

In other news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the sale, the director owned 8,125 shares of the company’s stock, valued at approximately $752,375. The trade was a 27.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Down 0.7%

Shares of NASDAQ:ORLY opened at $100.84 on Friday. The company has a 50 day moving average of $100.23 and a 200-day moving average of $97.74. The firm has a market cap of $85.12 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.48 and a beta of 0.57. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.