Apollon Wealth Management LLC Has $6.02 Million Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Apollon Wealth Management LLC significantly increased its holdings in O'Reilly Automotive, raising its position by 1,367.3% to 66,776 shares, valued at approximately $6.02 million as of the latest SEC filing.
• The stock has a market capitalization of $86.67 billion, with a 52-week price range between $76.22 and $108.71, and is currently trading at around $102.15.
• Analysts have a positive outlook on O'Reilly Automotive, with several firms raising their target price, indicating strong buy ratings and an average target of $107.17 for the stock.

Apollon Wealth Management LLC increased its position in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,367.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,776 shares of the specialty retailer's stock after purchasing an additional 62,225 shares during the quarter. Apollon Wealth Management LLC's holdings in O'Reilly Automotive were worth $6,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in O'Reilly Automotive in the first quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in O'Reilly Automotive during the first quarter worth about $25,000. HighMark Wealth Management LLC boosted its holdings in O'Reilly Automotive by 185.7% during the first quarter. HighMark Wealth Management LLC now owns 20 shares of the specialty retailer's stock worth $29,000 after buying an additional 13 shares during the last quarter. Elequin Capital LP bought a new position in O'Reilly Automotive during the first quarter worth about $30,000. Finally, Saudi Central Bank bought a new position in O'Reilly Automotive during the first quarter worth about $33,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Price Performance

NASDAQ:ORLY opened at $102.15 on Friday. O'Reilly Automotive, Inc. has a fifty-two week low of $76.22 and a fifty-two week high of $108.71. The stock has a market capitalization of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. The business's 50-day simple moving average is $103.90 and its 200-day simple moving average is $96.10.

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

Insider Transactions at O'Reilly Automotive

In other news, SVP Carl David Wilbanks sold 88,485 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This trade represents a 89.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of O'Reilly Automotive stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock worth $12,740,916. Insiders own 1.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of O'Reilly Automotive in a report on Wednesday. JPMorgan Chase & Co. raised their target price on O'Reilly Automotive from $101.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada raised their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. BMO Capital Markets raised their target price on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Guggenheim raised their target price on O'Reilly Automotive from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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.

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