Golden State Wealth Management LLC Boosts Position in O’Reilly Automotive, Inc. $ORLY

Golden State Wealth Management LLC increased its holdings in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 675 shares of the specialty retailer’s stock after buying an additional 630 shares during the period. Golden State Wealth Management LLC’s holdings in O’Reilly Automotive were worth $61,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Paragon Capital Management Inc. lifted its holdings in shares of O’Reilly Automotive by 1,359.6% in the second quarter. Paragon Capital Management Inc. now owns 27,397 shares of the specialty retailer’s stock valued at $2,469,000 after purchasing an additional 25,520 shares in the last quarter. SouthState Corp increased its stake in shares of O’Reilly Automotive by 786.3% during the 2nd quarter. SouthState Corp now owns 452 shares of the specialty retailer’s stock worth $41,000 after purchasing an additional 401 shares in the last quarter. Waverton Investment Management Ltd raised its position in shares of O’Reilly Automotive by 1,417.0% during the 2nd quarter. Waverton Investment Management Ltd now owns 477,920 shares of the specialty retailer’s stock worth $43,065,000 after purchasing an additional 446,415 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in O’Reilly Automotive by 1,445.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 345,730 shares of the specialty retailer’s stock valued at $31,116,000 after buying an additional 323,366 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in O’Reilly Automotive by 6,011.8% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 9,840 shares of the specialty retailer’s stock valued at $887,000 after buying an additional 9,679 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

O’Reilly Automotive Stock Up 2.2%

Shares of NASDAQ ORLY opened at $97.09 on Friday. The stock has a market capitalization of $82.38 billion, a PE ratio of 33.63, a P/E/G ratio of 2.48 and a beta of 0.57. The firm has a fifty day moving average of $101.93 and a 200-day moving average of $96.91. O’Reilly Automotive, Inc. has a 52-week low of $78.30 and a 52-week high of $108.71.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results 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 firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the firm earned $11.41 earnings per share. The firm’s revenue for the quarter 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 Analyst Weigh In

Several analysts have recently issued reports on ORLY shares. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 15th. Raymond James Financial upgraded shares of O’Reilly Automotive from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Wednesday. Morgan Stanley raised their price target on shares of O’Reilly Automotive from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. BMO Capital Markets lifted their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Truist Financial set a $109.00 price objective on shares of O’Reilly Automotive in a research note on Friday, October 24th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

Insider Activity

In other O’Reilly Automotive news, Director John Raymond Murphy sold 3,125 shares of O’Reilly Automotive 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 transaction, the director directly owned 8,125 shares of the company’s stock, valued at $752,375. The trade was a 27.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $102.54, for a total transaction of $9,073,251.90. Following the sale, the senior vice president owned 10,305 shares of the company’s stock, valued at approximately $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,205 shares of company stock valued at $9,423,501 in the last three months. Corporate 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.