Pointe Capital Management LLC Buys Shares of 10,447 O’Reilly Automotive, Inc. $ORLY

Pointe Capital Management LLC bought a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 10,447 shares of the specialty retailer’s stock, valued at approximately $962,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in O’Reilly Automotive in the second quarter valued at approximately $5,950,042,000. Norges Bank acquired a new position in shares of O’Reilly Automotive during the fourth quarter worth $1,134,311,000. Bank of New York Mellon Corp acquired a new position in shares of O’Reilly Automotive during the second quarter worth $1,023,936,000. Akre Capital Management LLC increased its holdings in shares of O’Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after buying an additional 8,546,804 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of O’Reilly Automotive in the 2nd quarter valued at $579,757,000. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ORLY. TD Cowen cut their price objective on O’Reilly Automotive from $117.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Citigroup reaffirmed a “buy” rating and issued a $106.00 target price (up from $104.00) on shares of O’Reilly Automotive in a report on Monday, August 3rd. Morgan Stanley dropped their target price on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Truist Financial set a $108.00 price target on O’Reilly Automotive in a research note on Thursday, April 30th. Finally, Wolfe Research set a $98.00 price target on O’Reilly Automotive in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.24.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total transaction of $183,700.00. Following the sale, the director owned 14,970 shares of the company’s stock, valued at approximately $1,374,994.50. This represents a 11.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 3,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $93.00, for a total value of $279,000.00. Following the sale, the senior vice president owned 189 shares of the company’s stock, valued at approximately $17,577. The trade was a 94.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,200 shares of company stock worth $568,684 over the last quarter. Company insiders own 0.77% of the company’s stock.

O’Reilly Automotive Stock Performance

NASDAQ:ORLY opened at $90.32 on Wednesday. O’Reilly Automotive, Inc. has a fifty-two week low of $82.59 and a fifty-two week high of $108.71. The company has a 50 day simple moving average of $88.92 and a two-hundred day simple moving average of $90.93. The company has a market capitalization of $73.07 billion, a PE ratio of 28.76, a P/E/G ratio of 1.98 and a beta of 0.51.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 29th. The specialty retailer reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. O’Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. O’Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Research analysts predict that O’Reilly Automotive, Inc. will post 3.27 EPS for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.