BayBridge Capital Group LLC Boosts Stock Position in O’Reilly Automotive, Inc. $ORLY

BayBridge Capital Group LLC raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,464.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,283 shares of the specialty retailer’s stock after buying an additional 14,306 shares during the quarter. BayBridge Capital Group LLC’s holdings in O’Reilly Automotive were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. raised its holdings in shares of O’Reilly Automotive by 1,385.2% during the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after acquiring an additional 1,474,068 shares in the last quarter. Farther Finance Advisors LLC lifted its position in O’Reilly Automotive by 1,403.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 765,910 shares of the specialty retailer’s stock worth $69,031,000 after buying an additional 714,953 shares in the last quarter. Nuveen LLC acquired a new position in O’Reilly Automotive in the 1st quarter valued at about $897,549,000. Argent Capital Management LLC lifted its holdings in shares of O’Reilly Automotive by 1,379.2% during the 2nd quarter. Argent Capital Management LLC now owns 607,131 shares of the specialty retailer’s stock worth $54,721,000 after acquiring an additional 566,087 shares during the period. Finally, Woodstock Corp grew its holdings in O’Reilly Automotive by 1,376.6% in the second quarter. Woodstock Corp now owns 585,490 shares of the specialty retailer’s stock worth $52,770,000 after purchasing an additional 545,839 shares during the period. 85.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Shari Lynne Reaves sold 2,000 shares of O’Reilly Automotive 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 owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total value of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares in the company, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORLY has been the subject of several analyst reports. TD Cowen increased their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. raised their target price on O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Truist Financial boosted their target price on O’Reilly Automotive from $103.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 25th. DA Davidson raised their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $107.17.

O’Reilly Automotive Stock Up 1.5%

Shares of O’Reilly Automotive stock opened at $106.10 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $75.91 and a 52-week high of $108.42. The firm’s 50 day moving average price is $102.61 and its 200-day moving average price is $95.11. The company has a market cap of $90.03 billion, a P/E ratio of 37.93, a PEG ratio of 2.80 and a beta of 0.60.

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

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.