O’Reilly Automotive, Inc. $ORLY Shares Purchased by GSB Wealth Management LLC

GSB Wealth Management LLC lifted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,255.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,625 shares of the specialty retailer’s stock after acquiring an additional 27,440 shares during the quarter. GSB Wealth Management LLC’s holdings in O’Reilly Automotive were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of O’Reilly Automotive in the 1st quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in O’Reilly Automotive in the 1st quarter worth $25,000. HighMark Wealth Management LLC increased its holdings in O’Reilly Automotive by 185.7% in the 1st quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Elequin Capital LP purchased a new stake in O’Reilly Automotive in the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new stake in O’Reilly Automotive in the 1st quarter worth $33,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Director Maria Sastre sold 595 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.31, for a total value of $60,874.45. Following the transaction, the director 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the completion of the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. The trade was a 13.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is owned by corporate insiders.

O’Reilly Automotive Trading Down 0.5%

Shares of ORLY stock opened at $103.45 on Tuesday. The company’s 50-day moving average price is $101.58 and its 200-day moving average price is $94.71. The stock has a market cap of $87.78 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.74 and a beta of 0.60. O’Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORLY. JPMorgan Chase & Co. boosted their price target on shares of O’Reilly Automotive from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Argus began coverage on shares of O’Reilly Automotive in a report on Wednesday, August 13th. They issued a “buy” rating and a $120.00 price target for the company. Wolfe Research began coverage on shares of O’Reilly Automotive in a report on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price target for the company. TD Cowen boosted their price target on shares of O’Reilly Automotive from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Wells Fargo & Company boosted their price target on shares of O’Reilly Automotive from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $107.17.

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.