Weik Capital Management Grows Stock Position in O’Reilly Automotive, Inc. $ORLY

Weik Capital Management lifted its stake in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,395.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,205 shares of the specialty retailer’s stock after buying an additional 50,580 shares during the quarter. O’Reilly Automotive makes up 1.9% of Weik Capital Management’s holdings, making the stock its 12th largest position. Weik Capital Management’s holdings in O’Reilly Automotive were worth $4,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new stake in O’Reilly Automotive in the 1st quarter worth approximately $25,000. Oakworth Capital Inc. increased its holdings in shares of 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 purchasing an additional 264 shares in the last quarter. HighMark Wealth Management LLC lifted its stake in shares of O’Reilly Automotive by 1,400.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 300 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 280 shares during the period. Canton Hathaway LLC boosted its holdings in 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 buying an additional 280 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in O’Reilly Automotive by 839.4% during the second quarter. ORG Partners LLC now owns 310 shares of the specialty retailer’s stock worth $28,000 after buying an additional 277 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Monday, September 15th. UBS Group restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Argus initiated coverage on O’Reilly Automotive in a research note on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Truist Financial set a $109.00 price target on O’Reilly Automotive in a report on Friday, October 24th. Finally, Wolfe Research initiated coverage on O’Reilly Automotive in a research report on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target on the stock. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and a consensus target price of $111.89.

O’Reilly Automotive Trading Up 1.4%

NASDAQ:ORLY opened at $100.43 on Monday. The stock has a 50 day moving average of $100.62 and a two-hundred day moving average of $97.40. O’Reilly Automotive, Inc. has a 12 month low of $78.30 and a 12 month high of $108.71. The firm has a market cap of $84.77 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57.

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

Insider Activity at O’Reilly Automotive

In other news, Director John Raymond Murphy sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were 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 of the company’s stock, valued at approximately $752,375. This trade represents a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.01% of the stock is owned by company insiders.

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.