TimesSquare Capital Management LLC Grows Position in O’Reilly Automotive, Inc. $ORLY

TimesSquare Capital Management LLC boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,422.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,043,960 shares of the specialty retailer’s stock after purchasing an additional 975,402 shares during the period. O’Reilly Automotive makes up approximately 1.4% of TimesSquare Capital Management LLC’s portfolio, making the stock its 16th biggest holding. TimesSquare Capital Management LLC owned approximately 0.12% of O’Reilly Automotive worth $94,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in O’Reilly Automotive by 1,317.8% during the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after acquiring an additional 16,406,181 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares during the period. Vanguard Group Inc. increased its position in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock worth $7,504,421,000 after purchasing an additional 75,125 shares in the last quarter. Bessemer Group Inc. increased its position in O’Reilly Automotive by 1,558.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock worth $392,630,000 after purchasing an additional 4,093,545 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in O’Reilly Automotive by 1,388.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock valued at $347,325,000 after buying an additional 3,594,612 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORLY. Wolfe Research started coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target for the company. JPMorgan Chase & Co. boosted their price target on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Citigroup increased their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Morgan Stanley boosted their target price on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, September 15th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.89.

O’Reilly Automotive Stock Performance

ORLY opened at $99.22 on Wednesday. The company has a market capitalization of $84.19 billion, a P/E ratio of 34.37, a PEG ratio of 2.48 and a beta of 0.57. The company has a 50-day moving average of $101.74 and a 200-day moving average of $97.06. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71.

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

Insider Buying and Selling at O’Reilly Automotive

In related news, Director John Raymond Murphy sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. This represents a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.01% of the company’s stock.

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.