Cherry Creek Investment Advisors Inc. Has $626,000 Stock Holdings in O’Reilly Automotive, Inc. $ORLY

Cherry Creek Investment Advisors Inc. boosted its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,643.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,940 shares of the specialty retailer’s stock after buying an additional 6,542 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in O’Reilly Automotive were worth $626,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORLY. Bank of New York Mellon Corp lifted its holdings in O’Reilly Automotive by 1,317.8% during the 2nd 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 buying an additional 16,406,181 shares in the last quarter. Jennison Associates LLC raised its holdings 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 purchasing an additional 13,382,074 shares during the last quarter. Bessemer Group Inc. raised its holdings 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 during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 purchasing an additional 3,594,612 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings 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 purchasing an additional 3,285,249 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of ORLY stock opened at $93.83 on Wednesday. The stock has a market cap of $79.61 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. The stock has a 50-day moving average of $102.43 and a 200-day moving average of $96.86. O’Reilly Automotive, Inc. has a one year low of $76.91 and a one year high of $108.71.

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

Insider Activity at O’Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the completion of the transaction, the director owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on ORLY shares. Barclays set a $91.00 price objective on O’Reilly Automotive and gave the stock an “equal weight” rating in a report on Monday, October 27th. DA Davidson boosted their price objective on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 25th. The Goldman Sachs Group set a $121.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 24th. Wells Fargo & Company set a $115.00 price objective on O’Reilly Automotive and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, TD Cowen upped their price target on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.28.

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.