O’Reilly Automotive, Inc. $ORLY Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,287.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,520 shares of the specialty retailer’s stock after acquiring an additional 9,762 shares during the quarter. Pinnacle Associates Ltd.’s holdings in O’Reilly Automotive were worth $948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLY. Jennison Associates LLC raised its stake in 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 acquiring an additional 13,382,074 shares in the last quarter. Bessemer Group Inc. raised its stake 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 acquiring an additional 4,093,545 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in O’Reilly Automotive by 1,388.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock worth $347,325,000 after acquiring an additional 3,594,612 shares in the last quarter. William Blair Investment Management LLC raised its stake in O’Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after acquiring an additional 3,285,249 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in O’Reilly Automotive by 1,401.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,194,636 shares of the specialty retailer’s stock valued at $197,803,000 after purchasing an additional 2,048,453 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Stock Down 2.9%

Shares of O’Reilly Automotive stock opened at $91.70 on Tuesday. O’Reilly Automotive, Inc. has a 52-week low of $76.75 and a 52-week high of $108.71. The company’s 50-day simple moving average is $102.62 and its 200-day simple moving average is $96.86. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 2.48 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the previous year, the business posted $11.41 earnings per share. The business’s revenue 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. Equities research analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Insider Transactions at O’Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,080 shares of company stock worth $9,341,746 over the last ninety days. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORLY has been the topic of a number of recent research reports. Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research note on Friday, October 24th. Evercore ISI lifted their price objective on shares of O’Reilly Automotive from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Weiss Ratings restated a “buy (b-)” rating on shares of O’Reilly Automotive in a research note on Friday. Wolfe Research initiated coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, Citigroup lifted 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 note on Friday, July 25th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.28.

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.