Bank of Montreal Can Boosts Stake in O’Reilly Automotive, Inc. $ORLY

Bank of Montreal Can raised its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,297.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,247,348 shares of the specialty retailer’s stock after purchasing an additional 1,158,094 shares during the period. Bank of Montreal Can’s holdings in O’Reilly Automotive were worth $112,423,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORLY. Jennison Associates LLC increased its stake in shares of O’Reilly Automotive by 1,820.9% during the 2nd quarter. Jennison Associates LLC now owns 14,116,976 shares of the specialty retailer’s stock worth $1,272,363,000 after purchasing an additional 13,382,074 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of O’Reilly Automotive by 1,558.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,356,249 shares of the specialty retailer’s stock worth $392,630,000 after purchasing an additional 4,093,545 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of O’Reilly Automotive by 1,388.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,853,598 shares of the specialty retailer’s stock worth $347,325,000 after purchasing an additional 3,594,612 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of O’Reilly Automotive by 1,269.2% during the 2nd quarter. William Blair Investment Management LLC now owns 3,544,083 shares of the specialty retailer’s stock worth $319,428,000 after purchasing an additional 3,285,249 shares during the last quarter. Finally, Welch & Forbes LLC increased its stake in shares of O’Reilly Automotive by 1,385.2% during the 2nd quarter. Welch & Forbes LLC now owns 2,945,844 shares of the specialty retailer’s stock worth $265,509,000 after purchasing an additional 2,747,499 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Buying and Selling at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Shari Lynne Reaves sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares of the company’s stock, valued at $1,331,467.06. This trade represents a 13.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 595 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total transaction of $60,874.45. Following the completion of the transaction, the director directly owned 15,935 shares of the company’s stock, valued at approximately $1,630,309.85. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,080 shares of company stock valued at $9,341,746 in the last three months. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $91.70 on Tuesday. The firm has a fifty day moving average price of $102.62 and a two-hundred day moving average price of $96.86. O’Reilly Automotive, Inc. has a one year low of $76.75 and a one year high of $108.71. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.48 and a beta of 0.60.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 EPS for the quarter, beating 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 firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the firm earned $11.41 EPS. The business’s quarterly revenue 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. Equities research analysts expect that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price target on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. The Goldman Sachs Group set a $121.00 price objective on shares of O’Reilly Automotive and gave the stock a “buy” rating in a report on Friday, October 24th. TD Cowen raised their price objective on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Argus initiated coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price objective for the company. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.28.

O’Reilly Automotive Company 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.