CIBC Asset Management Inc Grows Stock Position in O’Reilly Automotive, Inc. $ORLY

CIBC Asset Management Inc boosted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 29.9% in the fourth quarter, Holdings Channel reports. The fund owned 381,514 shares of the specialty retailer’s stock after buying an additional 87,809 shares during the quarter. CIBC Asset Management Inc’s holdings in O’Reilly Automotive were worth $34,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORLY. Norges Bank purchased a new position in O’Reilly Automotive in the 4th quarter worth approximately $1,134,311,000. Akre Capital Management LLC boosted its holdings in O’Reilly Automotive by 989.3% in the 2nd quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer’s stock worth $848,188,000 after acquiring an additional 8,546,804 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in O’Reilly Automotive in the 3rd quarter worth approximately $435,620,000. Ameriprise Financial Inc. boosted its holdings in O’Reilly Automotive by 1,316.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,027,830 shares of the specialty retailer’s stock worth $272,871,000 after acquiring an additional 2,814,071 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in O’Reilly Automotive by 1,277.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,346,977 shares of the specialty retailer’s stock worth $211,533,000 after acquiring an additional 2,176,568 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Activity at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 2,595 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $88.67, for a total transaction of $230,098.65. Following the transaction, the director directly owned 4,000 shares in the company, valued at $354,680. This trade represents a 39.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 1,200 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $88.32, for a total value of $105,984.00. Following the transaction, the director owned 19,675 shares in the company, valued at $1,737,696. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 105,730 shares of company stock worth $9,815,388. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORLY has been the subject of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $110.00 price target (up from $105.00) on shares of O’Reilly Automotive in a report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $115.00 price target on shares of O’Reilly Automotive in a report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating on shares of O’Reilly Automotive in a report on Friday, April 24th. Roth Mkm reiterated a “buy” rating and set a $109.00 target price on shares of O’Reilly Automotive in a research note on Monday, May 4th. Finally, Truist Financial set a $108.00 target price on O’Reilly Automotive in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $112.25.

O’Reilly Automotive Trading Up 1.3%

O’Reilly Automotive stock opened at $87.38 on Thursday. The stock has a market cap of $72.41 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 1.90 and a beta of 0.53. The stock has a 50 day moving average of $91.79 and a 200-day moving average of $93.78. O’Reilly Automotive, Inc. has a 52 week low of $85.35 and a 52 week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, April 29th. The specialty retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $9.35 EPS. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. As a group, equities analysts predict that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current fiscal year.

O’Reilly Automotive 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.