Brant Point Investment Management LLC Boosts Holdings in O’Reilly Automotive, Inc. $ORLY

Brant Point Investment Management LLC grew its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,244.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,520 shares of the specialty retailer’s stock after acquiring an additional 138,401 shares during the quarter. O’Reilly Automotive comprises about 1.4% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Brant Point Investment Management LLC’s holdings in O’Reilly Automotive were worth $13,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ORLY. Oxbow Advisors LLC boosted its stake in O’Reilly Automotive by 785.7% during the second quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares during the period. Providence First Trust Co boosted its holdings in shares of O’Reilly Automotive by 1,433.6% in the second quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock valued at $618,000 after purchasing an additional 6,408 shares during the period. Maryland State Retirement & Pension System grew its stake in O’Reilly Automotive by 1,431.9% in the second quarter. Maryland State Retirement & Pension System now owns 41,422 shares of the specialty retailer’s stock worth $3,733,000 after purchasing an additional 38,718 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in O’Reilly Automotive by 1,063.1% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 107,892 shares of the specialty retailer’s stock worth $9,724,000 after purchasing an additional 98,616 shares during the period. Finally, QRG Capital Management Inc. raised its position in O’Reilly Automotive by 2,194.0% during the 2nd quarter. QRG Capital Management Inc. now owns 76,254 shares of the specialty retailer’s stock valued at $6,873,000 after purchasing an additional 72,930 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ORLY shares. The Goldman Sachs Group set a $121.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada set a $110.00 target price on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a report on Friday, October 24th. 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. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Finally, Morgan Stanley lifted their price objective on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Down 0.6%

Shares of O’Reilly Automotive stock opened at $98.89 on Monday. The company has a market cap of $83.47 billion, a P/E ratio of 34.26, a PEG ratio of 2.33 and a beta of 0.61. The firm’s 50 day moving average price is $99.76 and its 200-day moving average price is $98.07. O’Reilly Automotive, Inc. has a 52-week low of $78.30 and a 52-week high of $108.71.

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

Insider Buying and Selling

In related news, SVP Philip M. Hopper sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.25, for a total transaction of $354,375.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president owned 28 shares of the company’s stock, valued at approximately $2,836.68. This trade represents a 98.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,980 shares of company stock worth $882,335 in the last ninety days. 1.01% of the stock is owned by insiders.

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.