Jennison Associates LLC Sells 2,723,982 Shares of O’Reilly Automotive, Inc. $ORLY

Jennison Associates LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 22.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,253,729 shares of the specialty retailer’s stock after selling 2,723,982 shares during the period. Jennison Associates LLC’s holdings in O’Reilly Automotive were worth $854,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in shares of O’Reilly Automotive during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of O’Reilly Automotive during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC boosted its holdings in O’Reilly Automotive by 1,552.6% during the 1st quarter. Whipplewood Advisors LLC now owns 314 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 295 shares during the period. Finally, Kohmann Bosshard Financial Services LLC boosted its holdings in O’Reilly Automotive by 54.3% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Philip M. Hopper sold 3,700 shares of O’Reilly Automotive stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $94.60, for a total value of $350,020.00. Following the completion of the sale, the senior vice president directly owned 4,888 shares in the company, valued at $462,404.80. The trade was a 43.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 1,200 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $88.32, for a total transaction of $105,984.00. Following the completion of the sale, the director directly owned 19,675 shares of the company’s stock, valued at approximately $1,737,696. This trade represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 105,730 shares of company stock worth $9,815,388. 0.77% of the stock is owned by company insiders.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $86.05 on Friday. O’Reilly Automotive, Inc. has a 52-week low of $82.59 and a 52-week high of $108.71. The firm has a market capitalization of $71.31 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.90 and a beta of 0.51. The stock has a 50 day moving average price of $88.76 and a 200 day moving average price of $91.90.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, April 29th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.46 billion. O’Reilly Automotive had a negative return on equity of 263.22% and a net margin of 14.30%.O’Reilly Automotive’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $9.35 EPS. O’Reilly Automotive has set its FY 2026 guidance at 3.150-3.250 EPS. Analysts forecast that O’Reilly Automotive, Inc. will post 3.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on ORLY shares. Robert W. Baird set a $110.00 price objective on O’Reilly Automotive in a research report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $115.00 target price on shares of O’Reilly Automotive in a research note on Friday, May 1st. Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 30th. Wolfe Research set a $98.00 price target on shares of O’Reilly Automotive in a report on Wednesday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price target on shares of O’Reilly Automotive in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.70.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.

The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.