DAVENPORT & Co LLC Sells 113,505 Shares of O’Reilly Automotive, Inc. $ORLY

DAVENPORT & Co LLC lowered its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,018,852 shares of the specialty retailer’s stock after selling 113,505 shares during the quarter. DAVENPORT & Co LLC owned about 0.12% of O’Reilly Automotive worth $109,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORLY. GLOBALT Investments LLC GA raised its position in O’Reilly Automotive by 0.7% in the 3rd quarter. GLOBALT Investments LLC GA now owns 32,737 shares of the specialty retailer’s stock worth $3,529,000 after purchasing an additional 218 shares during the period. Monument Capital Management grew its stake in shares of O’Reilly Automotive by 3.0% during the third quarter. Monument Capital Management now owns 9,549 shares of the specialty retailer’s stock valued at $1,029,000 after buying an additional 278 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of O’Reilly Automotive by 25.0% in the third quarter. OLD National Bancorp IN now owns 3,375 shares of the specialty retailer’s stock worth $364,000 after buying an additional 675 shares during the period. Fourpath Capital Management LLC raised its holdings in shares of O’Reilly Automotive by 0.7% in the third quarter. Fourpath Capital Management LLC now owns 40,721 shares of the specialty retailer’s stock worth $4,390,000 after buying an additional 289 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in shares of O’Reilly Automotive by 37.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 8,703 shares of the specialty retailer’s stock worth $877,000 after acquiring an additional 2,352 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Price Performance

ORLY stock opened at $92.07 on Wednesday. O’Reilly Automotive, Inc. has a 1-year low of $78.30 and a 1-year high of $108.71. The business has a 50-day moving average price of $97.30 and a 200 day moving average price of $98.27. The company has a market capitalization of $77.72 billion, a P/E ratio of 31.89, a PEG ratio of 2.16 and a beta of 0.62.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the prior year, the business earned $11.41 EPS. The firm’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. On average, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Raymond Murphy sold 3,125 shares of the company’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 directly owned 8,125 shares in the company, valued at $752,375. This represents a 27.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total value of $354,375.00. Following the sale, the senior vice president directly owned 4,792 shares in the company, valued at approximately $485,190. The trade was a 42.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,980 shares of company stock valued at $882,335 over the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORLY. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Raymond James Financial raised shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, November 5th. Baird R W upgraded shares of O’Reilly Automotive to a “strong-buy” rating in a report on Thursday, December 4th. Wells Fargo & Company set a $115.00 price target on shares of O’Reilly Automotive and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, UBS Group reiterated a “buy” rating and set a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $112.05.

O’Reilly Automotive 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.