Exchange Traded Concepts LLC Increases Stock Position in O’Reilly Automotive, Inc. $ORLY

Exchange Traded Concepts LLC grew its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 63.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,795 shares of the specialty retailer’s stock after purchasing an additional 29,014 shares during the period. Exchange Traded Concepts LLC’s holdings in O’Reilly Automotive were worth $8,064,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in O’Reilly Automotive by 1,404.9% in the 2nd quarter. Vanguard Group Inc. now owns 78,834,967 shares of the specialty retailer’s stock worth $7,105,396,000 after acquiring an additional 73,596,571 shares during the last quarter. State Street Corp grew its holdings in shares of O’Reilly Automotive by 1,424.2% in the second quarter. State Street Corp now owns 37,179,783 shares of the specialty retailer’s stock valued at $3,351,014,000 after purchasing an additional 34,740,553 shares in the last quarter. Geode Capital Management LLC increased its position in O’Reilly Automotive by 1,443.1% in the second quarter. Geode Capital Management LLC now owns 23,679,108 shares of the specialty retailer’s stock worth $2,130,866,000 after purchasing an additional 22,144,563 shares during the last quarter. Bank of New York Mellon Corp increased its position in O’Reilly Automotive by 1,317.8% in the second quarter. Bank of New York Mellon Corp now owns 17,651,104 shares of the specialty retailer’s stock worth $1,590,894,000 after purchasing an additional 16,406,181 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in O’Reilly Automotive by 1,820.9% during the second quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock valued at $1,272,363,000 after purchasing an additional 13,382,074 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ORLY shares. Evercore ISI set a $110.00 price objective on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Truist Financial set a $109.00 price target on O’Reilly Automotive in a research report on Friday, October 24th. TD Cowen boosted their price objective on O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley raised their price objective on O’Reilly Automotive from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, Wolfe Research raised O’Reilly Automotive from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, O’Reilly Automotive currently has an average rating of “Buy” and an average target price of $112.05.

O’Reilly Automotive Stock Up 0.3%

ORLY opened at $92.07 on Wednesday. The business has a fifty day moving average of $97.30 and a 200 day moving average of $98.27. The stock has a market cap 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, Inc. has a 52-week low of $78.30 and a 52-week high of $108.71.

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

Insiders Place Their Bets

In other O’Reilly Automotive news, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total transaction of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares of the company’s stock, valued at $2,836.68. The trade was a 98.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Raymond Murphy sold 3,125 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $92.60, for a total value of $289,375.00. Following the transaction, the director directly owned 8,125 shares in the company, valued at $752,375. The trade was a 27.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,980 shares of company stock worth $882,335 in the last three months. Corporate insiders own 1.01% of the company’s stock.

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.