Envestnet Asset Management Inc. Acquires 3,594,612 Shares of O’Reilly Automotive, Inc. $ORLY

Envestnet Asset Management Inc. increased its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,388.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,853,598 shares of the specialty retailer’s stock after purchasing an additional 3,594,612 shares during the quarter. Envestnet Asset Management Inc. owned about 0.45% of O’Reilly Automotive worth $347,325,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Chilton Capital Management LLC boosted its stake in O’Reilly Automotive by 1,306.3% in the second quarter. Chilton Capital Management LLC now owns 2,925 shares of the specialty retailer’s stock valued at $264,000 after acquiring an additional 2,717 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in O’Reilly Automotive by 1,371.0% in the second quarter. Nisa Investment Advisors LLC now owns 341,805 shares of the specialty retailer’s stock worth $30,807,000 after purchasing an additional 318,569 shares during the period. Resonant Capital Advisors LLC raised its holdings in shares of O’Reilly Automotive by 1,464.2% during the second quarter. Resonant Capital Advisors LLC now owns 16,987 shares of the specialty retailer’s stock worth $1,531,000 after acquiring an additional 15,901 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of O’Reilly Automotive by 1,546.8% during the second quarter. Wealthfront Advisers LLC now owns 136,945 shares of the specialty retailer’s stock worth $12,343,000 after acquiring an additional 128,629 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of O’Reilly Automotive by 1,609.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 85,231 shares of the specialty retailer’s stock worth $7,682,000 after acquiring an additional 80,246 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the transaction, the senior vice president directly owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This trade represents a 89.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock valued at $12,740,916 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

Shares of NASDAQ ORLY opened at $97.27 on Monday. O’Reilly Automotive, Inc. has a 52-week low of $76.22 and a 52-week high of $108.71. The firm has a 50 day moving average price of $103.58 and a two-hundred day moving average price of $96.72. The stock has a market cap of $82.53 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data 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 company 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%. O’Reilly Automotive’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $11.41 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.900-3.000 EPS. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ORLY has been the topic of several recent research reports. Guggenheim lifted their price target on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. 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 research report on Thursday. Cowen reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Monday, September 15th. Finally, Citigroup lifted their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, O’Reilly Automotive currently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

O’Reilly Automotive Profile

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.