Golden State Equity Partners Acquires 7,694 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Golden State Equity Partners significantly increased its stake in O'Reilly Automotive by 1,381.3% in Q2, acquiring an additional 7,694 shares and bringing their total holdings to 8,251 shares valued at $744,000.
• O'Reilly Automotive's stock opened at $103.45, with a market capitalization of $87.78 billion, and has shown a revenue growth of 5.9% compared to the same quarter last year.
• The company received several upgrades from analysts, with target prices rising to as high as $125.00, reflecting a positive outlook on its performance.

Golden State Equity Partners grew its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,381.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,251 shares of the specialty retailer's stock after purchasing an additional 7,694 shares during the period. Golden State Equity Partners' holdings in O'Reilly Automotive were worth $744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ORLY. Marcum Wealth LLC increased its holdings in O'Reilly Automotive by 4.0% during the 1st quarter. Marcum Wealth LLC now owns 210 shares of the specialty retailer's stock worth $301,000 after acquiring an additional 8 shares during the period. Carolinas Wealth Consulting LLC increased its holdings in O'Reilly Automotive by 14.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 64 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 8 shares during the period. Adero Partners LLC increased its holdings in O'Reilly Automotive by 1.9% during the 1st quarter. Adero Partners LLC now owns 425 shares of the specialty retailer's stock worth $609,000 after acquiring an additional 8 shares during the period. Avior Wealth Management LLC increased its holdings in O'Reilly Automotive by 3.5% during the 1st quarter. Avior Wealth Management LLC now owns 239 shares of the specialty retailer's stock worth $342,000 after acquiring an additional 8 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in O'Reilly Automotive by 2.6% during the 1st quarter. Lindbrook Capital LLC now owns 313 shares of the specialty retailer's stock worth $448,000 after acquiring an additional 8 shares during the period. Institutional investors own 85.00% of the company's stock.

O'Reilly Automotive Stock Down 0.5%

NASDAQ:ORLY opened at $103.45 on Tuesday. The company has a fifty day moving average of $101.58 and a 200 day moving average of $94.71. O'Reilly Automotive, Inc. has a 52 week low of $73.33 and a 52 week high of $108.42. The firm has a market capitalization of $87.78 billion, a P/E ratio of 36.98, a P/E/G ratio of 2.74 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 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 firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period last year, the company posted $10.55 EPS. The company'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. As a group, analysts anticipate that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 25th. TD Cowen upped their target price 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. Royal Bank Of Canada upped their target price on shares of O'Reilly Automotive from $98.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group boosted their price target on shares of O'Reilly Automotive from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Argus assumed coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $107.17.

Insider Activity at O'Reilly Automotive

In related news, SVP Mark Joseph Merz sold 5,050 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.07, for a total value of $500,303.50. Following the completion of the transaction, the senior vice president directly owned 2,876 shares in the company, valued at $284,925.32. This trade represents a 63.71% decrease in their position. 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 dated Wednesday, August 6th. The stock was 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 owned 12,826 shares of the company's stock, valued at approximately $1,331,467.06. The trade was a 13.49% 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 valued at $12,740,916. 1.01% of the stock is currently owned by company insiders.

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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