Alcosta Capital Management Inc. Raises Stock Position in O’Reilly Automotive, Inc. $ORLY

Alcosta Capital Management Inc. boosted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,393.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 46,860 shares of the specialty retailer’s stock after acquiring an additional 43,723 shares during the period. O’Reilly Automotive comprises about 2.4% of Alcosta Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Alcosta Capital Management Inc.’s holdings in O’Reilly Automotive were worth $4,223,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ORLY. Clarkston Capital Partners LLC increased its stake in shares of O’Reilly Automotive by 1,792.2% during the second quarter. Clarkston Capital Partners LLC now owns 14,475 shares of the specialty retailer’s stock worth $1,305,000 after purchasing an additional 13,710 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in O’Reilly Automotive by 1,418.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 829,080 shares of the specialty retailer’s stock valued at $74,725,000 after buying an additional 774,488 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in O’Reilly Automotive by 1,333.7% in the 2nd quarter. Johnson Financial Group Inc. now owns 38,123 shares of the specialty retailer’s stock worth $3,436,000 after buying an additional 35,464 shares during the last quarter. Korea Investment CORP increased its stake in O’Reilly Automotive by 1,400.6% during the 2nd quarter. Korea Investment CORP now owns 690,521 shares of the specialty retailer’s stock worth $62,237,000 after buying an additional 644,504 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in O’Reilly Automotive by 1,355.5% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 8,471 shares of the specialty retailer’s stock worth $763,000 after buying an additional 7,889 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the sale, the director owned 8,125 shares of the company’s stock, valued at $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

ORLY has been the topic of several research reports. Raymond James Financial upgraded 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. Wolfe Research assumed coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Wells Fargo & Company set a $115.00 target price on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. TD Cowen upped their target price on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, The Goldman Sachs Group set a $121.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research report on Friday, October 24th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.89.

O’Reilly Automotive Trading Up 0.1%

O’Reilly Automotive stock opened at $101.51 on Friday. The company has a 50-day moving average price of $100.29 and a 200 day moving average price of $97.59. O’Reilly Automotive, Inc. has a 12-month low of $78.30 and a 12-month high of $108.71. The stock has a market cap of $85.68 billion, a P/E ratio of 35.17, a PEG ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly 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. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.69 billion. O’Reilly Automotive had a net margin of 14.23% and a negative return on equity of 206.86%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.41 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. As a group, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 EPS for the current year.

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.