Mainstream Capital Management LLC Raises Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Mainstream Capital Management LLC increased its stake in O'Reilly Automotive by 1,398.2% during the 2nd quarter, holding 12,645 shares valued at approximately $1.14 million.
• O'Reilly Automotive reported $4.53 billion in revenue for the last quarter, approximately meeting analysts' expectations, while earnings per share were consistent at $0.78.
• The current consensus rating for O'Reilly Automotive is "Buy" from analysts, with an average price target of $107.17.

Mainstream Capital Management LLC grew its stake in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,398.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,645 shares of the specialty retailer's stock after purchasing an additional 11,801 shares during the quarter. Mainstream Capital Management LLC's holdings in O'Reilly Automotive were worth $1,140,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in shares of O'Reilly Automotive during the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of O'Reilly Automotive in the first quarter worth about $25,000. HighMark Wealth Management LLC lifted its stake in shares of O'Reilly Automotive by 185.7% in 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 in the last quarter. Elequin Capital LP acquired a new position in O'Reilly Automotive during the first quarter worth about $30,000. Finally, Saudi Central Bank purchased a new stake in O'Reilly Automotive during the 1st quarter valued at about $33,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive Trading Up 0.3%

Shares of ORLY opened at $103.73 on Wednesday. O'Reilly Automotive, Inc. has a twelve month low of $73.33 and a twelve month high of $108.42. The firm's fifty day simple moving average is $101.83 and its 200-day simple moving average is $94.77. The firm has a market capitalization of $88.01 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.73 and a beta of 0.60.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $4.54 billion. During the same period last year, the firm earned $10.55 earnings per share. O'Reilly Automotive's quarterly revenue 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, analysts predict that O'Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maria Sastre sold 595 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total transaction of $60,874.45. Following the sale, the director owned 15,935 shares of the company's stock, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carl David Wilbanks sold 88,485 shares of the firm's 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 sale, the senior vice president directly owned 10,305 shares in the company, valued at approximately $1,056,674.70. The trade was a 89.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,635 shares of company stock worth $12,740,916 over the last 90 days. Insiders own 1.01% of the company's stock.

Wall Street Analyst Weigh In

ORLY has been the topic of a number of recent research reports. DA Davidson boosted their price objective on O'Reilly Automotive from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Evercore ISI lifted their price target on shares of O'Reilly Automotive from $108.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Barclays reiterated an "equal weight" rating and issued a $86.00 price objective on shares of O'Reilly Automotive in a research report on Friday, July 25th. Finally, UBS Group upped their price target on O'Reilly Automotive from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued 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 "Buy" and an average price target 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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