Cornerstone Wealth Group LLC Purchases 4,030 Shares of O'Reilly Automotive, Inc. $ORLY

Cornerstone Wealth Group LLC lifted its position in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,419.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of O'Reilly Automotive by 3.5% during the first quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock valued at $342,000 after buying an additional 8 shares during the period. Lindbrook Capital LLC increased its stake in shares of O'Reilly Automotive by 2.6% during the first quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock valued at $448,000 after buying an additional 8 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of O'Reilly Automotive by 1.2% during the first 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 during the period. Deseret Mutual Benefit Administrators increased its stake in shares of O'Reilly Automotive by 3.2% during the first 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 during the period. Finally, Journey Strategic Wealth LLC increased its stake in shares of O'Reilly Automotive by 4.2% during the first 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 during the period. Hedge funds and other institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Price Performance

Shares of NASDAQ:ORLY opened at $103.05 on Wednesday. The business's 50-day moving average is $103.95 and its 200 day moving average is $96.22. O'Reilly Automotive, Inc. has a 1 year low of $76.22 and a 1 year high of $108.71. The firm 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.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share (EPS) 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the company posted $10.55 EPS. The firm's quarterly revenue 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, analysts expect that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ORLY. Argus assumed coverage on O'Reilly Automotive in a research note on Wednesday, August 13th. They set a "buy" rating and a $120.00 price target on the stock. Cowen reissued a "buy" rating on shares of O'Reilly Automotive in a research report on Monday, September 15th. Barclays reissued an "equal weight" rating and issued a $86.00 price target on shares of O'Reilly Automotive in a research report on Friday, July 25th. BMO Capital Markets boosted their price target on O'Reilly Automotive from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, TD Cowen boosted their price target on O'Reilly Automotive from $112.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, O'Reilly Automotive has a consensus rating of "Moderate Buy" and an average price target of $107.17.

Insiders Place Their Bets

In related news, SVP Carl David Wilbanks sold 88,485 shares of the company's stock in a transaction dated 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 transaction, the senior vice president directly owned 10,305 shares of the company's stock, valued at $1,056,674.70. This represents a 89.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 value of $207,620.00. Following the transaction, the senior vice president directly owned 12,826 shares in the company, valued at $1,331,467.06. This represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,635 shares of company stock valued at $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.