3Chopt Investment Partners LLC Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

3Chopt Investment Partners LLC increased its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,384.6% in the second quarter, Holdings Channel.com reports. The fund owned 11,550 shares of the specialty retailer’s stock after purchasing an additional 10,772 shares during the period. 3Chopt Investment Partners LLC’s holdings in O’Reilly Automotive were worth $1,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Etesian Wealth Advisors Inc. increased its holdings in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. Etesian Wealth Advisors Inc. now owns 3,270 shares of the specialty retailer’s stock worth $295,000 after purchasing an additional 3,052 shares in the last quarter. Gilliland Jeter Wealth Management LLC boosted its position in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 3,120 shares of the specialty retailer’s stock valued at $281,000 after buying an additional 2,912 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in O’Reilly Automotive by 1,400.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 7,155 shares of the specialty retailer’s stock valued at $645,000 after acquiring an additional 6,678 shares during the period. Stiles Financial Services Inc lifted its stake in O’Reilly Automotive by 1,190.1% during the 2nd quarter. Stiles Financial Services Inc now owns 5,070 shares of the specialty retailer’s stock valued at $457,000 after acquiring an additional 4,677 shares during the period. Finally, McKinley Carter Wealth Services Inc. lifted its stake in O’Reilly Automotive by 1,378.7% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 128,843 shares of the specialty retailer’s stock valued at $11,613,000 after acquiring an additional 120,130 shares during the period. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORLY. Royal Bank Of Canada boosted their price objective on shares of O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Wolfe Research assumed coverage on shares of O’Reilly Automotive in a research report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 target price for the company. Citigroup raised their price target on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday. Finally, Argus initiated coverage on O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has a consensus rating of “Buy” and an average price target of $107.17.

O’Reilly Automotive Stock Performance

Shares of O’Reilly Automotive stock opened at $99.72 on Friday. O’Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The stock’s fifty day moving average is $103.84 and its 200 day moving average is $96.00. The stock has a market cap of $84.61 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.66 and a beta of 0.60.

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

Insider Activity

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Joseph Merz sold 29,505 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the sale, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,635 shares of company stock worth $12,740,916 over the last ninety days. Company insiders own 1.01% of the company’s stock.

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.