Marvin & Palmer Associates Inc. Raises Holdings in O’Reilly Automotive, Inc. $ORLY

Marvin & Palmer Associates Inc. increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,270.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 32,465 shares of the specialty retailer’s stock after buying an additional 30,096 shares during the period. O’Reilly Automotive accounts for approximately 2.5% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its 23rd largest position. Marvin & Palmer Associates Inc.’s holdings in O’Reilly Automotive were worth $2,926,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bank of Jackson Hole Trust bought a new stake in O’Reilly Automotive in the first quarter worth about $25,000. Elequin Capital LP purchased a new position in O’Reilly Automotive during the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new stake in O’Reilly Automotive during the first quarter worth $33,000. Accredited Wealth Management LLC bought a new stake in O’Reilly Automotive during the first quarter valued at about $42,000. Finally, Vestor Capital LLC purchased a new position in shares of O’Reilly Automotive in the 1st quarter worth approximately $43,000. 85.00% of the stock is owned by institutional investors.

O’Reilly Automotive Stock Up 0.3%

NASDAQ ORLY opened at $99.01 on Friday. O’Reilly Automotive, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $108.71. The stock has a market cap of $83.57 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. The business has a fifty day moving average of $100.76 and a 200-day moving average of $97.27.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORLY shares. 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 report on Friday, July 25th. Truist Financial set a $109.00 price target on shares of O’Reilly Automotive in a report on Friday, October 24th. Mizuho set a $112.00 target price on shares of O’Reilly Automotive in a research note on Monday, October 20th. Raymond James Financial upgraded 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. Finally, Guggenheim boosted their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Buying and Selling

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares in the company, valued at $752,375. The trade was a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.01% of the stock is currently owned by corporate insiders.

About O’Reilly Automotive

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.