Angeles Wealth Management LLC Buys 3,196 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Angeles Wealth Management LLC significantly increased its stake in O'Reilly Automotive by 1,521.9% in Q2, acquiring an additional 3,196 shares, bringing its total holdings to 3,406 shares valued at approximately $307,000.
• O'Reilly Automotive, Inc. reported earnings of $0.78 per share for the latest quarter, meeting analysts' expectations, with revenue reaching $4.53 billion, a 5.9% increase year-over-year.
• Brokerages have set new price targets for O'Reilly Automotive, with prices ranging from $115.00 to $121.00, and the consensus rating for the stock is a "Moderate Buy."

Angeles Wealth Management LLC grew its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,521.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,406 shares of the specialty retailer's stock after acquiring an additional 3,196 shares during the period. Angeles Wealth Management LLC's holdings in O'Reilly Automotive were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in shares of O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after acquiring an additional 8 shares during the period. Lindbrook Capital LLC lifted its stake in shares of O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of O'Reilly Automotive by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 665 shares of the specialty retailer's stock valued at $953,000 after buying an additional 8 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of O'Reilly Automotive by 3.2% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 291 shares of the specialty retailer's stock valued at $417,000 after buying an additional 9 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its stake in shares of O'Reilly Automotive by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 221 shares of the specialty retailer's stock valued at $317,000 after buying an additional 9 shares in the last quarter. 85.00% of the stock is owned by institutional investors.

O'Reilly Automotive Price Performance

NASDAQ ORLY opened at $101.60 on Friday. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The stock has a market capitalization of $86.21 billion, a PE ratio of 36.32, a P/E/G ratio of 2.67 and a beta of 0.60. The company's 50 day simple moving average is $103.82 and its two-hundred day simple moving average is $96.34.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. O'Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the company posted $10.55 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, research analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ORLY. Cowen restated a "buy" rating on shares of O'Reilly Automotive in a research note on Monday, September 15th. Wells Fargo & Company set a $115.00 price target on shares of O'Reilly Automotive and gave the company an "overweight" rating in a research note on Wednesday. Citigroup upped their price target on shares of O'Reilly Automotive from $104.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 25th. UBS Group restated a "buy" rating and set a $120.00 price target (up from $115.00) on shares of O'Reilly Automotive in a research note on Wednesday. Finally, Wolfe Research began coverage on shares of O'Reilly Automotive in a research note on Thursday, September 18th. They set an "outperform" rating and a $121.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.12.

Insider Activity at O'Reilly Automotive

In other news, SVP Mark Joseph Merz sold 5,050 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total transaction of $500,303.50. Following the sale, the senior vice president owned 2,876 shares in the company, valued at approximately $284,925.32. This trade represents a 63.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Shari Lynne Reaves sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $103.81, for a total transaction of $207,620.00. Following the sale, the senior vice president owned 12,826 shares in the company, valued at approximately $1,331,467.06. This trade represents a 13.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,635 shares of company stock worth $12,740,916. 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.

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