Neo Ivy Capital Management Takes $939,000 Position in O’Reilly Automotive, Inc. $ORLY

Neo Ivy Capital Management acquired a new position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,414 shares of the specialty retailer’s stock, valued at approximately $939,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new position in shares of O’Reilly Automotive in the 1st quarter worth $25,000. Elequin Capital LP purchased a new position in O’Reilly Automotive in the first quarter valued at about $30,000. Saudi Central Bank bought a new position in O’Reilly Automotive in the first quarter worth about $33,000. Accredited Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the first quarter valued at about $42,000. Finally, SouthState Corp bought a new stake in shares of O’Reilly Automotive in the 1st quarter valued at about $73,000. Institutional investors own 85.00% of the company’s stock.

Analyst Ratings Changes

ORLY has been the subject of several recent analyst reports. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 5th. Barclays set a $91.00 price target on shares of O’Reilly Automotive and gave the stock an “equal weight” rating in a report on Monday, October 27th. BMO Capital Markets increased their price objective on O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Truist Financial set a $109.00 price objective on O’Reilly Automotive in a research report on Friday, October 24th. Finally, Argus initiated coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They set a “buy” rating and a $120.00 target price on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

Insiders Place Their Bets

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $92.60, for a total transaction of $289,375.00. Following the completion of the transaction, the director directly owned 8,125 shares of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.01% of the company’s stock.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $100.43 on Friday. The stock has a 50-day moving average of $100.62 and a two-hundred day moving average of $97.33. O’Reilly Automotive, Inc. has a one year low of $78.30 and a one year high of $108.71. The stock has a market cap of $84.77 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.48 and a beta of 0.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. O’Reilly Automotive had a negative return on equity of 206.86% and a net margin of 14.23%.The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same period in the prior year, the company earned $11.41 earnings per share. The company’s 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. Analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

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.