Maridea Wealth Management LLC Takes Position in O’Reilly Automotive, Inc. $ORLY

Maridea Wealth Management LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,825 shares of the specialty retailer’s stock, valued at approximately $525,000.

Other institutional investors have also recently modified their holdings of the company. Plancorp LLC grew its holdings in O’Reilly Automotive by 1,399.0% during the second quarter. Plancorp LLC now owns 19,562 shares of the specialty retailer’s stock worth $1,763,000 after acquiring an additional 18,257 shares during the period. Castleview Partners LLC boosted its position in shares of O’Reilly Automotive by 1,170.8% during the 2nd quarter. Castleview Partners LLC now owns 7,269 shares of the specialty retailer’s stock worth $655,000 after purchasing an additional 6,697 shares in the last quarter. Floyd Financial Group LLC grew its stake in shares of O’Reilly Automotive by 1,436.7% during the 2nd quarter. Floyd Financial Group LLC now owns 13,047 shares of the specialty retailer’s stock worth $1,192,000 after purchasing an additional 12,198 shares during the period. Palumbo Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 1,421.2% in the 2nd quarter. Palumbo Wealth Management LLC now owns 36,007 shares of the specialty retailer’s stock valued at $3,245,000 after purchasing an additional 33,640 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in O’Reilly Automotive by 1,400.0% in the second quarter. North Star Investment Management Corp. now owns 28,485 shares of the specialty retailer’s stock valued at $2,567,000 after buying an additional 26,586 shares in the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORLY. Truist Financial boosted their target price on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wolfe Research started coverage on O’Reilly Automotive in a research note on Thursday, September 18th. They set an “outperform” rating and a $121.00 price target for the company. Citigroup boosted their price objective on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective 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. Finally, DA Davidson raised their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $107.17.

O’Reilly Automotive Stock Up 1.1%

ORLY stock opened at $104.58 on Friday. The stock has a market capitalization of $88.74 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. O’Reilly Automotive, Inc. has a 52-week low of $75.79 and a 52-week high of $108.42. The stock’s fifty day simple moving average is $102.33 and its 200-day simple moving average is $94.94.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $10.55 EPS. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. As a group, analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Mark Joseph Merz sold 29,505 shares of O’Reilly Automotive stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 595 shares of the business’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 sale, the director directly owned 15,935 shares of the company’s stock, valued at $1,630,309.85. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. Company insiders own 1.01% of the company’s stock.

About O’Reilly Automotive

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.