O’Reilly Automotive, Inc. $ORLY Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,018,852 shares of the specialty retailer’s stock after selling 113,505 shares during the period. DAVENPORT & Co LLC’s holdings in O’Reilly Automotive were worth $109,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. increased its position in O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 264 shares in the last quarter. HighMark Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 280 shares during the last quarter. Canton Hathaway LLC increased its holdings in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 280 shares in the last quarter. ORG Partners LLC raised its position in shares of O’Reilly Automotive by 839.4% in the 2nd quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 277 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its stake in O’Reilly Automotive by 1,400.0% in the 2nd quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORLY. TD Cowen upped their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Raymond James Financial raised O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Wednesday, November 5th. Barclays set a $91.00 price target on O’Reilly Automotive and gave the stock an “equal weight” rating in a research report on Monday, October 27th. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Finally, Mizuho set a $112.00 target price on O’Reilly Automotive in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $112.05.

Insider Buying and Selling at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the sale, the director directly owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philip M. Hopper sold 3,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total value of $354,375.00. Following the completion of the transaction, the senior vice president directly owned 4,792 shares of the company’s stock, valued at $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,980 shares of company stock valued at $882,335. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Trading Up 0.3%

Shares of NASDAQ:ORLY opened at $92.07 on Wednesday. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71. The business has a 50 day moving average of $97.30 and a two-hundred day moving average of $98.27. The company has a market capitalization of $77.72 billion, a PE ratio of 31.89, a PEG ratio of 2.16 and a beta of 0.62.

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

O’Reilly Automotive Company Profile

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.