Highland Capital Management LLC Makes New Investment in O’Reilly Automotive, Inc. $ORLY

Highland Capital Management LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,957 shares of the specialty retailer’s stock, valued at approximately $2,259,000.

A number of other institutional investors have also modified their holdings of ORLY. Oakworth Capital Inc. boosted its holdings in O’Reilly Automotive by 1,257.1% during the 2nd quarter. Oakworth Capital Inc. now owns 285 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 264 shares during the period. HighMark Wealth Management LLC lifted its position in shares of O’Reilly Automotive by 1,400.0% during the second quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. Canton Hathaway LLC lifted its position in shares of O’Reilly Automotive by 1,400.0% during the second quarter. Canton Hathaway LLC now owns 300 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 280 shares in the last quarter. ORG Partners LLC boosted its stake in shares of O’Reilly Automotive by 839.4% in the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 277 shares during the period. Finally, Nemes Rush Group LLC grew its holdings in shares of O’Reilly Automotive by 1,400.0% in the second quarter. Nemes Rush Group LLC now owns 315 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 294 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

O’Reilly Automotive Trading Down 0.2%

Shares of ORLY opened at $92.25 on Friday. The firm has a market capitalization of $77.87 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.18 and a beta of 0.62. The firm’s fifty day simple moving average is $96.75 and its 200-day simple moving average is $98.20. O’Reilly Automotive, Inc. has a twelve month low of $78.30 and a twelve month high of $108.71.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORLY shares. 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. Evercore ISI set a $110.00 price target on shares of O’Reilly Automotive and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Royal Bank Of Canada set a $110.00 price objective on O’Reilly Automotive and gave the stock an “outperform” rating in a research report on Friday, October 24th. TD Cowen lifted their target price on O’Reilly Automotive from $112.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Barclays set a $91.00 target price on O’Reilly Automotive and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $112.05.

Insider Transactions at O’Reilly Automotive

In other news, SVP Christopher Andrew Mancini sold 2,355 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $101.31, for a total value of $238,585.05. Following the transaction, the senior vice president owned 28 shares in the company, valued at approximately $2,836.68. This represents a 98.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president owned 4,792 shares of the company’s stock, valued at approximately $485,190. The trade was a 42.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,980 shares of company stock valued at $882,335. 1.01% of the stock is currently owned by corporate insiders.

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.