Envestnet Asset Management Inc. Raises Stock Position in O’Reilly Automotive, Inc. $ORLY

Envestnet Asset Management Inc. raised its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,388.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,853,598 shares of the specialty retailer’s stock after purchasing an additional 3,594,612 shares during the quarter. Envestnet Asset Management Inc.’s holdings in O’Reilly Automotive were worth $347,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in ORLY. GAMMA Investing LLC grew its position in shares of O’Reilly Automotive by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 1,272 shares of the specialty retailer’s stock worth $1,822,000 after buying an additional 232 shares during the period. Golden State Wealth Management LLC boosted its stake in O’Reilly Automotive by 191.1% in the 1st quarter. Golden State Wealth Management LLC now owns 131 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 86 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in O’Reilly Automotive by 3.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,135 shares of the specialty retailer’s stock worth $3,059,000 after purchasing an additional 70 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in O’Reilly Automotive by 10.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 427 shares of the specialty retailer’s stock worth $612,000 after purchasing an additional 39 shares in the last quarter. Finally, Perpetual Ltd lifted its stake in O’Reilly Automotive by 11.2% during the 1st quarter. Perpetual Ltd now owns 564 shares of the specialty retailer’s stock valued at $808,000 after acquiring an additional 57 shares during the period. 85.00% of the stock is currently owned by institutional investors.

Insider Transactions at O’Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of O’Reilly Automotive stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.07, for a total transaction of $500,303.50. Following the completion of the sale, the senior vice president owned 2,876 shares of the company’s stock, valued at $284,925.32. The trade was a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 595 shares of O’Reilly Automotive stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This trade represents a 3.60% 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 worth $12,740,916. 1.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several recent research reports. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price objective for the company. Argus initiated coverage on O’Reilly Automotive in a research report on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price for the company. Truist Financial set a $109.00 target price on O’Reilly Automotive in a research report on Friday. Finally, Mizuho set a $112.00 price target on O’Reilly Automotive in a research report on Monday, October 20th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.00.

O’Reilly Automotive Stock Performance

Shares of ORLY stock opened at $97.27 on Monday. O’Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The firm has a market capitalization of $82.53 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.56 and a beta of 0.60. The stock’s 50-day simple moving average is $103.58 and its 200-day simple moving average is $96.72.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share 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 for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter in the previous year, the firm earned $11.41 earnings per share. The company’s 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, equities analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

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.