Cornerstone Wealth Group LLC Boosts Stock Position in O’Reilly Automotive, Inc. $ORLY

Cornerstone Wealth Group LLC raised its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,419.0% during the 2nd quarter, Holdings Channel reports. The firm owned 4,314 shares of the specialty retailer’s stock after buying an additional 4,030 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in O’Reilly Automotive were worth $389,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in O’Reilly Automotive by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,238,396 shares of the specialty retailer’s stock valued at $7,504,421,000 after purchasing an additional 75,125 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of O’Reilly Automotive by 20.8% in the first quarter. Wellington Management Group LLP now owns 1,924,603 shares of the specialty retailer’s stock worth $2,757,148,000 after buying an additional 330,964 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of O’Reilly Automotive by 1,052.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,722,403 shares of the specialty retailer’s stock worth $155,240,000 after buying an additional 1,573,010 shares during the last quarter. Congress Asset Management Co. boosted its stake in shares of O’Reilly Automotive by 1,385.2% in the second quarter. Congress Asset Management Co. now owns 1,580,484 shares of the specialty retailer’s stock worth $142,449,000 after buying an additional 1,474,068 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of O’Reilly Automotive by 1,438.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,388,550 shares of the specialty retailer’s stock worth $125,150,000 after buying an additional 1,298,307 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Insider Transactions at O’Reilly Automotive

In other O’Reilly Automotive news, SVP Carl David Wilbanks sold 88,485 shares of the 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 completion of the transaction, the senior vice president owned 10,305 shares of the company’s stock, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shari Lynne Reaves sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total value of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares of the company’s stock, 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. Insiders sold 125,635 shares of company stock worth $12,740,916 over the last three months. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial upped their target price on O’Reilly Automotive from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday, October 8th. Barclays restated an “equal weight” rating and issued a $86.00 target price on shares of O’Reilly Automotive in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their target price on 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, Citigroup upped their target price on O’Reilly Automotive from $104.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.17.

O’Reilly Automotive Trading Up 0.2%

Shares of ORLY stock opened at $103.05 on Wednesday. The company has a market capitalization of $87.44 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.72 and a beta of 0.60. The business’s 50 day moving average is $103.95 and its two-hundred day moving average is $96.22. O’Reilly Automotive, Inc. has a 12-month low of $76.22 and a 12-month high of $108.71.

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 company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.O’Reilly Automotive’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts predict that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

O’Reilly Automotive Company 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.