Columbia Asset Management Boosts Position in O’Reilly Automotive, Inc. $ORLY

Columbia Asset Management increased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,325 shares of the specialty retailer’s stock after purchasing an additional 10,570 shares during the quarter. Columbia Asset Management’s holdings in O’Reilly Automotive were worth $1,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORLY. NBC Securities Inc. lifted its stake in O’Reilly Automotive by 140,100.0% during the first quarter. NBC Securities Inc. now owns 1,402 shares of the specialty retailer’s stock worth $2,008,000 after purchasing an additional 1,401 shares during the last quarter. Merit Financial Group LLC lifted its stake in O’Reilly Automotive by 25.9% in the first quarter. Merit Financial Group LLC now owns 1,971 shares of the specialty retailer’s stock valued at $2,824,000 after buying an additional 406 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $271,000. RFG Advisory LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $586,000. Finally, Kwmg LLC purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Carl David Wilbanks sold 88,485 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the transaction, the senior vice president owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ORLY shares. JPMorgan Chase & Co. boosted their price objective on O’Reilly Automotive from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Guggenheim boosted their price objective on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Truist Financial boosted their price objective on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 25th. BMO Capital Markets boosted their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Argus started coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $107.17.

O’Reilly Automotive Price Performance

O’Reilly Automotive stock opened at $107.81 on Wednesday. O’Reilly Automotive, Inc. has a 12 month low of $75.93 and a 12 month high of $108.72. The business has a 50 day simple moving average of $103.12 and a 200-day simple moving average of $95.40. The stock has a market capitalization of $91.48 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60.

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

O’Reilly Automotive Company 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.