Carnegie Investment Counsel Boosts Stake in O’Reilly Automotive, Inc. $ORLY

Carnegie Investment Counsel increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,205 shares of the specialty retailer’s stock after buying an additional 8,836 shares during the quarter. O’Reilly Automotive comprises approximately 1.1% of Carnegie Investment Counsel’s investment portfolio, making the stock its 19th biggest holding. Carnegie Investment Counsel’s holdings in O’Reilly Automotive were worth $56,407,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ORLY. Saudi Central Bank purchased a new stake in O’Reilly Automotive during the 1st quarter valued at about $33,000. Greenline Partners LLC raised its stake in shares of O’Reilly Automotive by 18.2% in the first quarter. Greenline Partners LLC now owns 65 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 10 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of O’Reilly Automotive during the first quarter worth about $138,000. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $202,000. Finally, American Trust purchased a new stake in O’Reilly Automotive in the first quarter valued at approximately $205,000. 85.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORLY has been the subject of a number of recent research reports. UBS Group reissued a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Wolfe Research upgraded shares of O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Barclays set a $91.00 target price on shares of O’Reilly Automotive and gave the company an “equal weight” rating in a research report on Monday, October 27th. Finally, Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. Two 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, O’Reilly Automotive presently has a consensus rating of “Buy” and a consensus target price of $112.05.

Insider Activity at O’Reilly Automotive

In other news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 4,792 shares in the company, valued at $485,190. The trade was a 42.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total value of $289,375.00. Following the transaction, the director owned 8,125 shares in the company, valued at $752,375. This trade represents a 27.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,980 shares of company stock worth $882,335 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY opened at $92.25 on Friday. The firm has a fifty day moving average price of $96.75 and a 200 day moving average price of $98.20. O’Reilly Automotive, Inc. has a 1 year low of $78.30 and a 1 year high of $108.71. The stock has a market cap of $77.87 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.18 and a beta of 0.62.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Equities analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current 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.