Eventide Asset Management LLC Increases Position in O’Reilly Automotive, Inc. $ORLY

Eventide Asset Management LLC lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,407.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 528,336 shares of the specialty retailer’s stock after purchasing an additional 493,293 shares during the period. Eventide Asset Management LLC’s holdings in O’Reilly Automotive were worth $47,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLY. Brant Point Investment Management LLC increased its holdings in O’Reilly Automotive by 1,244.7% in the 2nd quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock valued at $13,476,000 after purchasing an additional 138,401 shares in the last quarter. Oxbow Advisors LLC boosted its position in shares of O’Reilly Automotive by 785.7% in the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares during the period. Providence First Trust Co grew its stake in shares of O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after buying an additional 6,408 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of O’Reilly Automotive by 1,431.9% in the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock valued at $3,733,000 after buying an additional 38,718 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of O’Reilly Automotive by 1,063.1% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock valued at $9,724,000 after buying an additional 98,616 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Up 0.2%

Shares of NASDAQ:ORLY opened at $94.11 on Friday. The firm has a market cap of $79.44 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The company has a fifty day simple moving average of $98.63 and a 200 day simple moving average of $98.10. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion during 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 firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, equities research analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the sale, the senior vice president owned 28 shares in the company, valued at $2,836.68. This represents a 98.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Philip M. Hopper sold 3,500 shares of O’Reilly Automotive stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,980 shares of company stock valued at $882,335 over the last three months. 1.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORLY has been the subject of a number of analyst reports. Truist Financial set a $109.00 price target on O’Reilly Automotive in a report on Friday, October 24th. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the company an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen raised their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and an average price target of $112.05.

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.