Covea Finance Trims Stake in O’Reilly Automotive, Inc. $ORLY

Covea Finance lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 5.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,545 shares of the specialty retailer’s stock after selling 9,165 shares during the quarter. Covea Finance’s holdings in O’Reilly Automotive were worth $15,691,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ORLY. Brant Point Investment Management LLC lifted its holdings in shares of O’Reilly Automotive by 1,244.7% during the second quarter. Brant Point Investment Management LLC now owns 149,520 shares of the specialty retailer’s stock worth $13,476,000 after purchasing an additional 138,401 shares during the period. Ameritas Advisory Services LLC raised its position in O’Reilly Automotive by 1,898.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,117 shares of the specialty retailer’s stock worth $281,000 after buying an additional 2,961 shares during the last quarter. Oxbow Advisors LLC raised its position in O’Reilly Automotive by 785.7% during the 2nd quarter. Oxbow Advisors LLC now owns 66,315 shares of the specialty retailer’s stock worth $5,977,000 after buying an additional 58,828 shares during the last quarter. Providence First Trust Co lifted its stake in shares of O’Reilly Automotive by 1,433.6% in the 2nd quarter. Providence First Trust Co now owns 6,855 shares of the specialty retailer’s stock worth $618,000 after acquiring an additional 6,408 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of O’Reilly Automotive by 7,192.8% in the second quarter. Bank of Nova Scotia now owns 454,781 shares of the specialty retailer’s stock valued at $40,989,000 after acquiring an additional 448,545 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

O’Reilly Automotive Stock Performance

ORLY opened at $92.54 on Friday. The company has a market cap of $78.11 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.18 and a beta of 0.62. O’Reilly Automotive, Inc. has a one year low of $78.30 and a one year high of $108.71. The business’s fifty day moving average is $96.94 and its two-hundred day moving average is $98.19.

O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, October 22nd. The specialty retailer reported $0.85 earnings per share 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 posted $11.41 EPS. The firm’s revenue for the quarter 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. On average, analysts predict that O’Reilly Automotive, Inc. will post 43.94 EPS for the current fiscal year.

Insider Transactions at O’Reilly Automotive

In related news, SVP Philip M. Hopper sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $101.25, for a total transaction of $354,375.00. Following the sale, the senior vice president owned 4,792 shares in the company, valued at approximately $485,190. This trade represents a 42.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Andrew Mancini sold 2,355 shares of O’Reilly Automotive stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $101.31, for a total value of $238,585.05. Following the completion of the sale, the senior vice president directly owned 28 shares of the company’s stock, valued at approximately $2,836.68. This represents a 98.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,980 shares of company stock worth $882,335 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORLY has been the subject of several analyst reports. UBS Group reissued a “buy” rating and set a $120.00 price target (up from $115.00) on shares of O’Reilly Automotive in a report on Wednesday, October 15th. Wells Fargo & Company set a $115.00 target price on O’Reilly Automotive and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Baird R W raised O’Reilly Automotive to a “strong-buy” rating in a research note on Thursday, December 4th. Mizuho set a $112.00 price target on O’Reilly Automotive in a report on Monday, October 20th. Finally, Truist Financial set a $109.00 price objective on O’Reilly Automotive in a report on Friday, October 24th. 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. According to data from MarketBeat.com, O’Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $112.05.

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.